Abbey Resources Corporation
Filing Date: July 20, 2021
Pursuant to an Order granted on July 20, 2021, by the Court of Queen’s Bench for Saskatchewan in Bankruptcy and Insolvency (the "Court"), Abbey Resources Corporation, “(Abbey”) made an application under the Companies’ Creditors Arrangement Act ("CCAA"). MNP Ltd. is the Proposed Monitor, subject to a return Court application set for July 30, 2021.
On August 13, 2021, an initial order under the CCAA (the "Initial Order") was granted by the Court in respect of Abbey Resources Corp. The Initial Order provided for relief including a stay of proceedings (the “Stay”) pursuant to which creditors are restrained from enforcing or exercising any rights or remedies against the company. The Stay was in effect until August 23, 2021.
Pursuant to the Initial Order MNP Ltd. was appointed as Monitor in the CCAA proceedings.
On August 23, 2021 the Stay was extended until October 7, 2021.
On October 7, 2021 the Stay was extended until November 30, 2021.
Contact Information
Rick Anderson
CIRP, LIT, CPA, CMA, CFE
CIRP, Licensed Insolvency Trustee (LIT), Vice-President
Servicing Calgary and 1 other offices.