On January 31, 2025 (the “Date of Filing”), Canadian Sun & Mountains Travel Corporation (the “Company”) filed a Proposal (the “Proposal”) to its creditors pursuant to subsection 50.(1) of the Bankruptcy and Insolvency Act R.S.C. 1985, c. B-3 (the “BIA”). Crowe MacKay & Company Ltd. (the “Proposal Trustee”) consented to act as Proposal Trustee for the Company. The Proposal was electronically filed with the Official Receiver on the same day. A copy of the Proposal can be found below.
On February 7, 2025 the Company filed an amended proposal (the “Amended Proposal”). A copy of the Amended Proposal can be found below.
The Meeting of Creditors to consider the Amended Proposal will be held on February 20, 2025 at 14:00PM PST via video conference call. A copy of the Proposal Creditors’ Package dated February 10, 2025 are below.
At the First Meeting of Creditors on February 20, 2025, the meeting was adjourned by way of creditor resolution for the purposes of allowing the Company to file a second amended proposal (the “Second Amended Proposal”). On or around March 3, 2025, the Company filed the Second Amended Proposal to its creditors pursuant to the BIA. A copy of the Second Amended Proposal can be found below.
The First Meeting of Creditors was reconvened on March 6, 2025. The Second Amended Proposal was accepted by the requisite majority of creditors (as required in the BIA) at the First Meeting of Creditors.
On March 11, 2025, the Proposal Trustee submitted its Report to Court on the Company’s Proposal. On or around the same day, the Proposal Trustee made an application to Court to among other things, implement and complete the Proposal. The hearing was scheduled for March 24, 2024. A copy of the Report to Court on the Company’s Proposal and the Notice of Application are below.
On or around March 25, 2025, the Registrar in Bankruptcy granted an Order to, among other things, authorize and direct the Proposal Trustee, Company and the directors of the Company to take all actions and steps necessary or appropriate to implement and complete the Amended Proposal. A copy of the Order is below.
Creditor’s Information
Proposal dated January 31, 2025
Amended Proposal dated February 7, 2025
Second Amended Proposal dated March 3, 2025
Notice of Hearing of Application for Court Approval of Proposal