World Wide Carriers Ltd. et al

WORLD WIDE CARRIERS LTD., WORLD WIDE TRANSPORT INC., 2613853 ONTARIO LTD., 2029037 ONTARIO INC., WORLD WIDE CARRIERS US INC., JCD CARTAGE INC., POPULAR FREIGHT SYSTEMS INC., 200 EDWARD STREET HOLDINGS INC., 87 MOUNTAINVIEW ROAD HOLDINGS INC., and 90 GAYLORD ROAD HOLDINGS INC. (collectively, the “Applicants” or the “Companies”)

On March 4, 2025, World Wide Carriers Ltd. (the “Company“) filed a Notice of Intention to Make a Proposal (“NOI”) under Section 50.4 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”), and GlassRatner Restructuring Inc. (“GlassRatner“) was appointed as proposal trustee in the Companies’ NOI proceedings (in such capacity, the “Proposal Trustee”).

The NOI filing provides for a stay of proceedings against the Company, pursuant to s. 69(1) of the BIA, subject to certain limitations, while the Company formulates a restructuring plan and attempts to develop a viable proposal for its creditors.

Status Updates

On March 19, 2025, the Applicants sought and obtained an initial order (the “Initial Order”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). The Initial Order declares that effective March 19, 2025, the NOI proceeding is hereby taken up and continued under the CCAA and that, as of such date, the provisions of the BIA shall have no further application to WWC, save that any and all steps, agreements and procedures validly taken, done or entered into by WWC shall remain valid and binding, notwithstanding the commencement of these CCAA proceedings. GlassRatner Inc. was appointed as Monitor (“the Monitor”) of the Applicants.

The Initial Order provides, among other things, a stay of proceedings until March 28, 2025 (the “Stay Period”) and may be extended by the Court from time to time.

On March 28, 2025, the Ontario Superior Court of Justice (Commercial List) (the “Court“) issued an Amended and Restated Initial Order (“ARIO“) which extends the stay of proceedings up to and including June 15, 2025.

On May 21, 2025, the Applicants will make a motion for an amendment to the ARIO (the “Second ARIO”) that, among other things, extends the stay of proceedings up to and including August 1, 2025, appoints Steinberg Advisory Corp. as chief restructuring officer of the Applicants (the “CRO”) and amends the Administration Charge to secure the fees and disbursements of the CRO. The Applicants will also make a motion for an order approving a lien claims process (the “Lien Claims Process Order“).

On July 28, 2025, the Court issued orders approving, among other things, the sale transactions regarding 87 Mountainview Road and 125 Clairport and an extension of the stay of proceedings up to and including October 10, 2025.

On October 10, 2025, the Applicants will make a motion for an amendment to the ARIO (the “Third ARIO”) that, among other things, extends the stay of proceedings up to and including December 5, 2025, approves the DIP Allocation Charge Agreement (as defined in the motion record) and grants the DIP Allocation Charge (as defined in the motion record). Per the motion record, the Applicants will also be making a motion for an Ancillary Order and Possession Order.

On October 10, 2025, the Court issued orders approving, among other things, the extension of the stay of proceedings up to and including December 5, 2025.

On December 3, 2025, the Applicants made a motion for an amendment to the ARIO (the “Fourth ARIO”) that, among other things, extended the stay of proceedings up to and including April 6, 2025, approved the DIP Term Sheet (as defined in the motion record) and granted the DIP Lender’s (as defined in the motion record). Per the motion record, the Applicants also made a motion for an Ancillary Order and an Approval and Vesting Order.

On March 26, 2026, the Court issued an order approving, among other things, an extension of the stay of proceedings up to and including July 3, 2026.

On July 2, 2026, the Court issued two orders approving, among other things: an extension of the stay of proceedings up to and including October 2, 2026; the approval of the Monitor’s Ninth Report (the “Ninth Report”); the activities of the Monitor and its counsel described in the Ninth Report; the fees and disbursements of the Monitor and its legal counsel as described in the fee affidavits appended to the Ninth Report; and, a judgement in respect of the outstanding BVD Receivables owed to the Applicants; and such further and other relief as the Court deemed just.

On September 29, 2026, the Court issued an order approving, among other things, an extension of the stay of proceedings up to and including October 23, 2026.

A copy of all mentioned motion materials and court orders can be found below.

Creditor Inquiries

For creditor inquiries, please contact:
T: 437.294.4600
E: worldwidecarriersltd@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.