Notice of Intention to Make a Proposal
On October 27, 2017, Planit Builders Inc. (the “Company” or “Planit”) filed a Notice of Intention to Make a Proposal. Hardie & Kelly Inc. has been appointed as Trustee under the proposal (the “Proposal Trustee”).
S. 69(1) of the Bankruptcy & Insolvency Act (the “Act”) provides the Company certain relief including the imposition of a Stay of Proceedings (the “Stay”) against the Company and its assets. Claims against the Company for payment of goods and services supplied to Planit prior to October 27, 2017 are suspended and creditors are prohibited from continuing or commencing any actions or exercising any rights against the Company except with leave of the Court of Queen’s Bench of Alberta (the “Court”).
Creditors are not required to prove a claim at this time. Proofs of claim will be circulated for completion and submission upon the Company filing the Proposal for the creditors’ consideration.
Should you have any questions or concerns please contact Marc Kelly, of Hardie & Kelly Inc. at 403-536-8510.
The commencing documents are included in the Notice to Creditors below: