Hardie & Kelly EngagamentsArchived Engagements

Budget Waste Inc. - CCAA

Receivership Proceedings

On August 19, 2010, the Court of Queen’s Bench of Alberta (the “Court”) issued an Order appointing Hardie & Kelly Inc. as Receiver and Manager (the “Receiver”) of Budget Waste Inc. (“BWI” or the “Company”)

CCAA Proceedings

On March 4, 2009, BWI made an application for protection under the Companies’ Creditors Arrangement Act (“CCAA”) and an Initial Order was granted by the Court.  The Court appointed Hardie & Kelly Inc. as Monitor of BWI.

The Initial Order granted BWI certain relief including the imposition of an initial Stay of Proceedings (the “Stay”) against the Company and its assets through to April 3, 2009.  Several extensions of the Stay have been granted since that time, wherein the Court further extended the Stay to December 23, 2009 at which time the Company presented a Plan of Arrangement as discussed below.

The Company’s Plan of Arrangement as presented below and approved by the Court became effictive on March 23, 2010.

Contact for the Monitor:

Ron Hardie (403) 252-1766 or arhardie@insolvency.net
Gary Bobroff (403) 252-1766 or gbobroff@insolvency.net

Plan of Arrangement

The Company has prepared a Plan of Arrangement which the Court directed the Monitor to mail to creditors that have filed claims that have been accepted by the Company.  The Monitor mailed the Plan of Arrangement (the “Original Plan”) on January 8, 2010.  Subsequently the Company amended the Plan of Arrangement (“Amended Plan”) which was mailed to the same creditors on January 19, 2010.  The Amended Plan was subsequently amended prior to receiving the Final Sanction Order.  The Amended Plan, the Amendment to the Amended Plan, and the Original Plan and their related documents are detailed below.  These documents should be read in conjunction with the Monitor`s Reports.

Amended Plan of Arrangement

Original Plan of Arrangement

Claims Process

The Court imposed deadline for filing a claim with the Monitor is August 25, 2009. Creditors wishing to file claims should print the documents below and follow the instructions contained therein.

Procedural matters in regard to the claims process and objections to Notices of Dispute issued by the Company are set out in the June 15, 2009 Order of the Court (the “Claims Order”) found below.

Court Filings

Monitor’s Reports

Court Orders