1154944 Ontario Inc. (formerly dba AmbuTrans Inc.) (“AmbuTrans”) is an Ontario incorporated company that provides medical transportation services.
AmbuTrans filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to the provisions of the Bankruptcy and Insolvency Act (“BIA”) on November 25th, 2011, and GlassRatner Inc. (“B. Riley Farber”) was appointed as Proposal Trustee.
The filing of the NOI provided an initial 30-day stay of proceedings overall amounts owing to creditors effective November 25th, 2011, (i.e. all amounts outstanding at November 25th, 2011, and prior) while the Company formulated a Proposal to its creditors.
Status Updates
On Friday, December 16, 2011, AmbuTrans was granted an Order by the Court that:
i) approved the Company’s request for a 45-day extension to file a proposal; and
ii) authorized GlassRatner, as Proposal Trustee, to conduct a sales process on behalf of the Company whereby the Company’s assets, property and undertaking would be offered for sale. The deadline for interested parties to submit an offer was Wednesday, January 18, 2012.
The Proposal Trustee received one (1) offer by the Bid Deadline from a related party. In its report to the Court following the Sales Process, the Proposal Trustee recommended that this offer and subsequent Asset Purchase Agreement be approved as it provided an overall benefit to the creditors and employees of AmbuTrans. On January 31, 2012, the Court approved the sale of the assets, property and undertaking of AmbuTrans.
AmbuTrans failed to file a Proposal with the Trustee on or before February 8, 2012, and as such is deemed to have made an assignment in bankruptcy effective February 9, 2012. The Bankruptcy Notice to Creditors has been mailed to all known creditors.
On February 8, 2012, AmbuTrans Inc. filed articles of amendment with the Ontario Ministry of Government Services to change its legal name to 1154944 Ontario Inc.
On September 28, 2017, GlassRatner obtained an Order Discharging Trustee and closed this matter.
Creditor or Employee Enquiries
For creditor or employee enquiries, please contact:
Allan Nackan
T: 437.294.4602
E: anackan@glassratner.com
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.
Documents
NOI and Bankruptcy Documents
- Certificate for the Notice of Intention to Make a Proposal
- Notice to Creditors
- Certificate of Appointment
- Notice of Bankruptcy and First Meeting of Creditors
- Proof of Claim Form
Court Orders & Endorsements
- Order of Justice Brown, dated December 16, 2011
- Approval and Vesting Order of Justice Brown, dated January 31, 2012
Discharge Order