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Kootenay Savings Credit Union sought full party status in a family law case to protect its judgment debt. The court refused joinder, but granted limited participation and procedural directions.
In a CCAA proceeding, the court dismissed an application to disallow Streetwise's votes against the proposed plan and extended the stay of proceedings.
The application for a further 30‑day extension was denied because, notwithstanding that Scanwood had acted in good faith, the applicant failed to establish that an extension was appropriate: the Monitor opposed the extension, the revised manufacturing model was presented too late and unvetted to show a realistic prospect of attracting equity within the short timeframe, the company may soon require DIP financing, and the evidence indicated no reasonable prospect of a viable restructuring within the extension period such that granting an extension would risk prejudicing secured creditors.
Source excerpt
The court held Neptune’s 2006 take-or-pay amount was not a post-filing claim under the CCAA Plan, but it allowed Neptune’s full termination damages claim.
The court refused Mr. Karim’s discharge from bankruptcy after finding frivolous and vexatious defences and delay, and held it could not order direct conditional payments to the creditor.
The court adjourned approval of a bankruptcy proposal to let the creditor get legal advice and required further financial disclosure from the debtor.
The application was dismissed because the applicant had no judgment against the estate, the estate account was not covered by the execution order, and the applicant must pursue its entitlement through the Probate Act rather than by seizing funds administered by personal representatives.
Source excerpt
Hannah (Bankruptcy of)
Court granted a conditional discharge in bankruptcy, requiring Monte Arthur Hannah to pay $90,000 to the trustee after unresolved issues about funds and surplus income.
The court extended Skeena Cellulose’s CCAA stay for 30 days, finding the restructuring efforts and ongoing purchaser discussions justified continued protection.
The court sanctioned Cardlink Worldwide Inc.’s amended CCAA reorganization plan, rejecting objections about creditor approval, fairness, releases, and an alternate plan.
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