On December 22 ,2023 OEM Automotive Solutions Inc., OEM Automotive Cornwall Inc., and OEM Automotive Holdings Inc. (Collectively “Cornwall Volkswagen”) filed a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act with the Official Receiver, and BDO Canada Limited consented to act as Trustee in the administration of the Proposal.
Proposal Documents
- OEM Automotive Solutions Certificate of Filing NOI
- OEM Automotive Solutions Letter to Creditors - NOI
- OEM Automotive Solutions NOI Package
- OEM Automotive Cornwall Certificate of Filing NOI
- OEM Automotive Cornwall Letter to Creditors - NOI
- OEM Automotive Cornwall NOI Package
- OEM Automotive Holdings Certificate of Filing NOI
- OEM Automotive Holdings Letter to Creditors - NOI
- OEM Automotive Holdings NOI Package
Reports of the Proposal Trustee
- First Report of the Proposal Trustee
- Second Report of the Proposal Trustee
- Third Report of the Proposal Trustee
- Fourth Report of the Proposal Trustee
Court Documents
- Confirmation of Motion
- Motion Record
- Endorsement of Kaufman J re OEM Initial NOI Relief
- Order of Kaufman J re OEM Initial NOI Relief
- Motion Record February 21, 2024
- Endorsement of Ryan Bell J February 27, 2024
- Order of Ryan Bell J February 27, 2024
- Motion Record March 27, 2024
- Approval and Vesting Order of Justice Kershman April 3, 2024
- Ancillary Order of Justice Kershman April 3, 2024
- Endorsement of Justice Kershman April 3, 2024
- Ancillary Order of Justice MacLeod May 28, 2024
- Endorsement of Justice MacLeod May 28, 2024
- Interim Distribution Order of Justice MacLeod May 28, 2024
- Motion Record May 23, 2024 Volume 1 of 2
- Motion Record May 23, 2024 Volume 2 of 2
Sale and Investment Solicitation Process
On January 17, 2024, the Court granted an order (the “Sale Process Approval Order”) which approved, among other things, a sale and investment solicitation process (the “SISP”).
The SISP is intended to solicit interest in, and opportunities for, a sale of, or investment in, all or part of the Cornwall Volkswagen’s business and assets, including its dealership assets and its owned real estate assets. This may include one or more of a restructuring, recapitalization or other form of reorganization of the business and affairs of Cornwall Volkswagen as a going concern or a sale of all, substantially all or one or more components of Cornwall Volkswagen as a going concern or otherwise.
Contact Person:
Clark Lonergan, CPA, CA, CIRP, LIT
Partner and Senior Vice President
BDO Canada Limited, Toronto Centre FRS
Direct: 647 730 0934
[email protected]
20 Wellington E
Suite 500
Toronto, Ontario M5E 1C5
Canada
Peter Naumis - B. Comm., CIRP, LIT
Vice President
BDO Canada Limited
Direct: 905-615-6207
[email protected]
360 Oakville Place Drive, Suite 500
Oakville, Ontario L6H 6K8
Canada
Heron Yin
Senior Associate
BDO Canada Limited
Direct: 647 798 9849
[email protected]
20 Wellington St. East
Suite 500
Toronto, Ontario M5E 1C5
Canada