Toronto, February 7, 2024 – On February 7, 2024 (the “Filing Date”), RLogistics Limited Partnership (dba "factorydirect.ca") (the “Company”) filed a Notice of Intention to Make a Proposal (the “NOI”) pursuant to section 50.4(1) of the Bankruptcy and Insolvency Act (the “BIA”). A Certificate of Filing of a Notice of Intention to Make a Proposal was issued by the Office of the Superintendent of Bankruptcy Canada (the “OSB”) and TDB Restructuring Limited (formerly RSM Canada Limited) was appointed as trustee in the proposal (the “Proposal Trustee”).
On April 23, 2024, the Company failed to file a proposal to its creditors and pursuant to section 50.4(8) of the BIA, the Company was deemed to have made an assignment in bankruptcy. A Certificate of Assignment was issued by the OSB and TDB Restructuring Limited was appointed as trustee in bankruptcy.
Copies of the Certificates for the NOI and the bankruptcy are available below. Other pertinent information will be posted below as it becomes available.