TALON SYSTEMS INC.
On July 18, 2013 Talon Systems Inc., Talon Systems USA inc., and Talon Systems America, Inc. (collectively referred to as “the Companies”) filed Notices of Intention to Make a Proposal pursuant to s50.4(1) of the Bankruptcy and Insolvency Act and BDO Canada Limited (“BDO”) was appointed Proposal Trustee by the Office of the Superintendent of Bankruptcy Canada.
Copies of Orders, Reports and other pertinent public information may be accessed via the sidebar links at any time. Updates, including all relevant orders issued by the Court, have been and will be posted as they become available.
BDO Canada Limited, in its capacity as Proposal Trustee, is inviting offers for the purchase of the going concern business and assets of the Companies, or a debt or equity investment in the Companies.
INTERESTED PARTIES ARE INVITED TO REGISTER to receive a confidentiality and non-disclosure agreement (“NDA”). Upon signing and returning the NDA BDO will grant the individual access to a confidential online data room. For more information concerning this sales and investment solicitation process, please email Dru Tailor, CA at dtailor@bdo.ca.
Sale Process
REQUEST FOR OFFERS TO PURCHASE OR INVEST IN THE BUSINESS AND ASSETS OF A NORTH-AMERICAN READY-TO-ASSEMBLE FURNITURE MANUFACTURER.
BDO Canada Limited (“BDO”), in its capacity as Proposal Trustee of Talon Systems Inc., Talon Systems USA inc.,Talon Systems America, Inc. (collectively referred to as “the Companies”) and in accordance with the order of the Superior Court of Justice dated July 19, 2013, is inviting offers to purchase the “going concern” business and/or assets of the Companies, or offers of a debt or equity investment in the Companies.
Talon is a North American manufacturer of Ready to Assemble (“RTA”) furniture with over 50 years of experience in the furniture industry. The Companies’ headquarters are located in Mississauga, Ontario, while manufacturing is conducted in Statesville, North Carolina.
In order to access the confidential information currently available for viewing and/or downloading you must first complete and return the non-disclosure agreement available here.
For more information about this sales and investor solicitation process contact Dru Tailor, CA at 416.865.0210 x3223 or dtailor@bdo.ca
Court Documents
Canadian Proceedings
Court Orders
- Discharge Order to the Honourable Madam Justice Thorburn [Oct 17, 2013]
- Order to the Honourable Madam Justice Thornburn [Oct 17, 2013]
- Motion Record (returnable Oct 17, 2013) [Oct 11, 2013]
- Supplement to the Fourth Report of BDO Canada Limited (Revised) [Oct 11, 2013]
- Certified Stay Extension Order of Honourable Mr. Justice Newbould [Sept 30, 2013]
- Endorsement of the Honourable Mr. Justice Newbould [Sept 30, 2013]
- Fourth Report of BDO Canada Limited [Sept 27, 2013]
- Memorandum of Law (returnable September 30, 2013) [Sept 26, 2013]
- Motion Record of Talon Systems Inc. et al (Part 1 of 2) [Sept 30, 2013]
- Motion Record of Talon Systems Inc. et al (Part 2 of 2) [Sept 30, 2013]
- Order of the Honourable Mr. Justice Newbould [Sept 23, 2013]
- Certified Order of the Honourable Mr. Justice Newbould [Sept 23, 2013]
- Endorsement of the Honourable Mr. Justice Newbould [Sept 23, 2013]
- Motion Record (Returnable September 20, 2013) [Sept 19, 2013]
- Third Report of BDO Canada Limited, As Proposal Trustee [Sep 6, 2013]
- Motion Record (Returnable September 11, 2013) [Sep 3, 2013]
- Certified Sealing Order of the Honourable Madam Justice Mesbur [Sept 11, 2013]
- Certified Approval and Vesting Order of the Honourable Madam Justice [Sept 11, 2013]
- Endorsement of the Honourable Madam Justice Mesbur [Sept 11, 2013]
- Second Report of the Trustee [Aug 15,2013]
- Motion Record (Returnable Aug 16, 2013) [Aug 15, 2013]
- Procedural Order [July 19, 2013]
- Sales and Investor Solicitation Process Order [July 19, 2013]
- Interim Facility Approval Order [July 19, 2013]
- Endorsement made by the Honourable Mr. Justice-Wilton Seigel [July 19, 2013]
- First Report of BDO Canada Limited [July 18, 2013]
- Motion Record of Talon Systems Inc. et al (Part 1 of 2) [July 19, 2013]
- Motion Record of Talon Systems Inc. et al (Part 2 of 2) [July 19, 2013]
- Affidavit of David Okada [July 17, 2013]
Extension Order
US Proceedings
US Sale Motion
Other US Orders
Initial Orders
- Order for Provisional Relief [July 31, 2013]
- Temporary Restraining Order & DIP Financing Order [July 22, 2013]
- Talon Systems Inc. – Chapter 15 Petition [July 19, 2013]
- Talon Systems America, Inc. Chapter 15 Petition [July 19, 2013]
- Talon Systems USA Inc. Chapter 15 Petition [July 19, 2013]
- MOL in Support of Verified Chapter 15 [July 19, 2013]
- Declaration of Gary Cerrato [July 19, 2013]
- Foreign Representative’s List [July 19, 2013]
- Statement of Gary Cerrato in Support of Ch. 15 Petitions [July 19, 2013]
- Statement of the Foreign Representative Re: Corp Ownership [July 19, 2013]
- Motion for Emergency and Provisional Relief [July 19, 2013]
- Motion for Joint Administration [July 19, 2013]
- Motion Orders Scheduling Hearing and Form and Manner of Service Notice [July 19, 2013]
- Affidavit of David Fournier [July 19, 2013]
Contact Us
BDO Canada Limited
123 Front St. West, Suite 1200
Toronto, Ontario, Canada
M5J 2M2
Tel: 416-865-0210
Fax: 416-865-0904
Email: gcerrato@bdo.ca
Senior Manager: Gary V. Cerrato:x 6058
If you have a question and wish to be contacted, please provide us with the question(s) that you would like answered, together with your contact information. Your contact information should include your name, the company you represent (if applicable), the type of claim held/nature of interest and a contact number (i.e. telephone and/or fax) or email address where we may reach you.
Please send your inquiry to dtailor@bdo.ca or by fax to 416-865-0904. Although we endeavor to respond to your enquiry within two business days, the volume of enquiries may impact our response time.