ROL Manufacturing (Canada) Ltd.

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Public
records

Document number : 39

Petition for the issuance of an Initial Order
2008-03-06 00:00:00
Notice of filing of Chapter 15 petitions & other pleadings
2008-03-18 00:00:00
Bridge order granting provisional relief
2008-03-07 00:00:00
Avis d'une ordonnance visant un arrangement avec les créanciers
2008-03-17 00:00:00
Notice of a Court Order regarding an arrangement with creditors
2008-03-17 00:00:00
Initial Order
2008-03-07 00:00:00
Order directing joint administration of chapter 15 cases
2008-03-12 00:00:00
Order granting provisional relief pending recognition of a foreign main proceeding
2008-03-14 00:00:00
AMENDED Motion for a first order extending the stay termination date and other relief
2008-03-28 00:00:00
First order extending the stay termination date and other relief
2008-03-28 00:00:00
Motion for a second order amending the initial order
2008-04-09 00:00:00
Amended and restated initial order
2008-04-09 00:00:00
Judgment - Honourable Paul G. Chaput, J.C.S.
2008-04-09 00:00:00
Order granting recognition of foreign main proceeding
2008-04-17 00:00:00
Monitor's supplemental report of real property sale
2008-05-06 00:00:00
Motion for a third order extending the stay termination date and launching tender process
2008-05-26 00:00:00
Third order extending the stay termination date and launching tender process
2008-05-27 00:00:00
Amended and restated initial order translated
2008-04-09 00:00:00
Order approving and confirming sales procedures and approving notice
2008-06-18 00:00:00
Fourth order extending the stay termination date
2008-06-25 00:00:00
Third Report of the Monitor
2008-06-25 00:00:00
Fourth Report of the Monitor
2008-08-27 00:00:00
Sixth Order Extending the Stay Termination Date
2008-10-30 00:00:00
First Report of the Monitor
2008-03-28 00:00:00
Second Report of the Monitor
2008-05-27 00:00:00
Fifth Report of the Monitor
2008-10-24 00:00:00
Motion for a fifth order extending the stay termination date and launching tender process
2008-08-26 00:00:00
Fifth Amendment to the Forbearance Agreement
2008-10-24 00:00:00
Order Extending the Stay Termination Date
2008-10-27 00:00:00
Extension of the termination date in relation to the Fifth Amendment from Nov. 15 to 25, 2008
2008-11-14 00:00:00
Extension of the termination date in relation to the Fifth Amendment from Nov. 25 to Dec. 2, 2008
2008-11-24 00:00:00
Bridge Order
2009-02-16 00:00:00
Seventh Motion to Extend Stay Termination Date
2009-02-19 00:00:00
Seventh Order
2009-02-26 00:00:00
Eighth Order
2009-04-02 00:00:00
Ninth Order
2009-05-14 00:00:00
Tenth Order
2009-06-18 00:00:00
Sale Approval Order
2009-06-18 00:00:00
Order approving an asset sale agreement & replacing the Monitor
2009-07-17 00:00:00

Responsible consultant

Jean Gagnon
CA, CIRP, Syndic
gagnon.jean@rcgt.com
Tel:514 393-4848

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Balance sheet:

Statement of the assets and debts of an individual, couple, family, or company. This exercise makes it possible to determine one’s financial situation at a given date.

Bankruptcy:

A legal process that can be exercised when the debts of an individual or company exceed its assets or when its income is insufficient to pay its debts on time. When an individual or company declares bankruptcy, its assets are seized and distributed among its creditors.

Bankruptcy estate:

The sum total of property that the bankrupt is required to transfer to the bankruptcy trustee to be liquidated for distribution to creditors.

Bankruptcy trustee:

Individual licensed by the superintendent of bankruptcy to administer estates in bankruptcy and proposals.

Bill C-36:

The Companies’ Creditors Arrangement Act, which applies to companies whose debts exceed $5 million.

Budget:

Statement of the income and expenses of an individual, couple, or family to determine the ability to pay debts at a given date.

Conservatory measures:

Measures taken to preserve the value of an asset and keep it from losing value.

Consolidation:

A financial operation that consists of combining a number of debts to several creditors into a single long term debt to a single creditor.

Consumer debtor:

Individual who is bankrupt or insolvent and whose aggregate debts, excluding any debts secured by his or her principal residence, do not exceed $75,000 or any other prescribed amount.

Consumer proposal:

A simplified proposal for the repayment of debts to creditors by consumer debtors. This proposal is often made in conjunction with debt consolidation.

Credit:

The degree of solvency of a company or individual.

Credit file:

Information collected on your credit card balances and limits, credit lines, debts, payment history (late payments), banking information, bankruptcies, judgments, accounts in collection, etc.

Credit score:

Measure of your solvency or repayment reputation based on information gathered from financial institutions, retailers, and other lenders.

Creditor:

Individual to whom or entity to which money is owed.

Current assets:

Asset than can be converted into cash within a year.

Current liabilities:

Debt obligations the company must fulfill within one year of its normal operating cycle, whichever is longer.

Dependent:

Individual who depends on another for support (e.g., spouse, under-age child, person with a disability, or student).

Dischargeable debts:

Debts that can be cancelled by a bankruptcy.

Dividends:

Distribution to creditors by the trustee in bankruptcy of the amounts paid in accordance with the consumer proposal pursuant to the Bankruptcy and Insolvency Act.

Equity:

Startup capital, profit that has not been paid out as dividends, and income.

Insolvency:

A situation in which an individual is unable to pay his or her debts on time or during the normal course of business.

Inventory:

Detailed statement of the property held by an individual or company at a given date.

Liquidation:

The sale of a company’s property terminating the company's operations and generating a sum of money that the trustee may distribute to creditors.

Medical expenses:

Expenses relating to health care incurred by individuals for themselves or their dependents (e.g., dentist, orthodontist, optometrist, physiotherapist, etc.).

Net income:

Gross salary minus income tax withheld.

Non-dischargeable debts:

Debts that cannot be cancelled by a bankruptcy (e.g., fines, tickets, indemnity for bodily injury, child/spousal support debts, student loans of less than 7 years, debts resulting from fraud or embezzlement).

Notice of intent:

A legal notice by which a debtor advises creditors of his or her intention to present a proposal. The notice of intent gives the debtor 30 days to 6 months to present said proposal.

Official receiver:

An official appointed by the federal government to receive documents for the presentation of proposals and bankruptcies, to question the bankrupt under oath, and to chair creditors’ meetings.

Postponement proposal:

An offer made by debtors to their creditors in order to modify their payments. This measure also allows a company to remain in business while its debt is being restructured.

Recovery:

The measures taken to restore the profitability of a company facing financial problems.

Seizure:

Taking possession of a property further to legal proceedings, a legal right, or bankruptcy.

Superintendent of bankruptcy:

Official who oversees the administration of all cases subject to the Bankruptcy and Insolvency Act.

Support:

Money owed to support a child, former spouse, or other person in need.

Surplus income:

Payments that must be made by the bankrupt during the bankruptcy period. The amount of these payments is based on standards established by the superintendent of bankruptcy and varies according to the personal and family situation of the bankrupt.

Tax debts:

Monies due to a level of government for the payment of income tax.

Total liabilities:

All debt obligations incurred by the company.

Unseizable:

Property that cannot be seized by a bankruptcy trustee or creditor. As a result the trustee cannot dispose of it for the benefit of creditors.

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Representatives and subcontractors of Raymond Chabot who must use the personal information we compile to fulfill the duties entrusted to them are required to comply with this policy.

Information contained on this website is of a general nature. It does not replace the personalized advice of professionals based on the specificities of a given case. For more detailed individual information, please contact the persons or units mentioned on this site or send us an online request. Given that laws are subject to revision, circumstances can change, and technical errors can occur, Raymond Chabot makes no warranties or representations as to the accuracy, currency, reliability, or exhaustiveness of the information presented herein, despite the considerable care that has gone into its preparation. Raymond Chabot and its affiliated companies, as well as their partners and employees, cannot be held responsible for any damages or losses whatsoever arising from the use of the information contained herein, including (without limitation) direct, indirect, or consequential damages arising from access to this website, its use or consultation, or links to other websites, even if Raymond Chabot were to be informed of said damages.

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