Overview
On December 13, 2024, LlamaZoo Interactive Inc. (the “Company”) filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to subsection 50.4(1) of the Bankruptcy and Insolvency Act R.S.C., 1985, c. B-3 (“BIA”) and Crowe MacKay & Company consented to act as Licensed Insolvency Trustee under the Proposal.
Pursuant to subsection 50.4(8) of the BIA, the initial stay period under the NOI proceeding is from December 13, 2024 to January 12, 2025, unless the period is extended by the Court upon application by the Company. During this period, the Trustee will monitor the business of the Company and assist the Company in preparing its Proposal.
On December 20, 2024, the Company made an application to Court to approve, among other things, the granting of an extension of the stay of proceedings and the deadline for the filing of a proposal, from January 12, 2025 to February 26, 2025, an administration charge, and the approval of interim financing and the related interim financing charge. Copies of the relevant pleadings can be found below. On December 20, 2024, the Court granted the relief sought. Copies of the relevant pleadings are below.
On February 13, 2025, the Company made an application to, among other things, approve the sale and vesting of the assets of the Company to KPMG LLP pursuant to an asset purchase agreement and extend the stay of proceedings and deadline to file a proposal to Saturday, April 12, 2025. The court approved the transaction and granted the extension. Copies of the relevant pleadings are below.
On Aprill 11, 2025, the Company filed a proposal (the “Proposal”). The Proposal was electronically filed with the Official Receiver on the same day. A copy of the Proposal, as well as the Proposal Creditors’ Package dated April 22, 2025 can be found below.
On April 28, 2025, the Proposal Trustee amended its report to creditor’s on the Proposal. A copy of the amended report can be found below.
The Meeting of Creditors to consider the Proposal was held on May 1, 2025 at 14:00PM PST via video conference call. The Proposal was accepted by the requisite majority of creditors (as required by the BIA).
On May 5, 2025, the Proposal Trustee made an application to Court to among other things, implement and approve the Proposal. The hearing is scheduled for May 20, 2025. A copy of the Notice of Application is below.
On May 20, 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 Proposal. A copy of the Order is below.
On June 2, 2025, the Company made an application to Court to seek a declaration that the Company meets the criteria prescribed in the Wage Earner Protection Program Regulations, SOR/2008-222 (the “WEPPA Declaration”). The hearing is scheduled for June 12, 2025. A copy of the relevant pleadings are below.
Court Materials
Notice of Application dated December 18, 2024
Affidavit #1 of Charles Lavigne dated December 18, 2024
Trustee’s First Report to Court dated December 19, 2024
Order entered December 20, 2024
Notice of Application dated February 13, 2025
Order entered February 24, 2025
Notice of Application dated June 2, 2025
Affidavit #3 of Charles Lavigne dated June 2, 2025
Creditor Information
Creditor’s Package – Notice of Intention to Make a Proposal
The Proposal Trustee’s Amended Report to Creditors on the Proposal
Requisition and Notice of Hearing of Application for Court Approval of Proposal (Form 40.1)