York-Durham Heritage Railway Association (the “Company”) filed an assignment into bankruptcy on January 18, 2024, pursuant to the Bankruptcy and Insolvency Act (“BIA”) and GlassRatner Inc., LIT (“GlassRatner”), was appointed as Trustee in Bankruptcy.
Status Update
The First Meeting of Creditors was held on February 9, 2024 at 11:00AM via ZOOM videoconference.
Sale Process
The Trustee is undertaking a sale process (the “Sale Process“) to solicit interest in, and opportunities for a sale or combination of sales of all or substantially all of the Company’s property (the “Property“).
Prospective purchasers can access additional information through an electronic data room (the “Data Room”) that the Trustee will provide upon receipt of an executed non-disclosure agreement.
Bidders who wish to make a formal offer must deliver a copy of a final, binding offer (“Bid”) by 5:00PM on April 26, 2024 (the “Final Bid Deadline”) to the Trustee.
Relevant documents can be found below.
Creditor or Employee Inquiries
For creditor or employee inquiries, please contact:
Sara Corcoran
Corporate Insolvency Administrator | Restructuring
T: 437.294.4650
E: scorcoran@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
Bankruptcy Documents
• Certificate of Appointment – January 18, 2024
• Creditors Package
• Trustee’s Preliminary Report – February 9, 2024
Sale Process