On May 19, 2023, DecisionOne Corporation, a corporation formed under the laws of New Brunswick ("DecisionOne", the "Company" or the "Vendor"), filed a Notice of Intention to Make a Proposal (the “NOI”) under subsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the “BIA”). KPMG Inc. ("KPMG") consented to act as trustee under the proposal.

On June 5, 2023, the Court granted an order approving, among other things, (i) an asset purchase agreement dated May 22, 2023 between the Company and STC Lender LP (the "Stalking Horse Agreement"), for substantially all of the Company's assets and undertakings (the "Sale") and (ii) the sale and investment solicitation procedures governing the marketing and sale of the Vendor's business and assets (the "Sale Procedures"). In accordance with the Sale Procedures, the deadline for Qualified Bids to be submitted has been set for June 20, 2023, at 5:00 p.m EST (the "Bid Deadline"). The Company was granted an extension of the time to file a proposal to and including July 19, 2023.

On June 22, 2023 the transaction between DecisionOne Corporation and STC Lender LP closed pursuant to the Stalking Horse Agreement.

On July 20, 2023, DecisionOne was deemed to have made an assignment in bankruptcy pursuant to section 50.4(8)(a) of the Act as the proposal was not filed on July 19, 2023. The Proposal Trustee was appointed as the trustee-in-bankruptcy (the “Trustee”) of the Estate of the Bankrupt by the Official Receiver, subject to affirmation by the creditors of Trustee’s appointment or substitution of another Trustee by the creditors.

The First Meeting of Creditors of DecisionOne will be held by teleconference on the 3rd day of August, 2023 at 11:30 AM Eastern Time. Teleconferencing details are as follows:

Phone Conference ID: 871538129#, 647-794-1236.

Information for Former Employees regarding the Wage Earner Protection Program (“WEPP”)

WEPP provides payment up to a maximum amount for eligible unpaid wages, vacation pay, termination pay and severance pay to former employees of an employer who is bankrupt. The Trustee will be making an application to WEPP on behalf of all former employees of DecisionOne Corporation. Pursuant of WEPP, the Trustee is required to mail information to eligible former employees with a claim within 45 of the date of the bankruptcy, being July 20,2023.

UPDATE: Further to an extension granted by WEPP to October 31, 2023, the Trustee has received a further extension from WEPP to December 15, 2023. Please note that all eligible employees have been sent their packages. 

Contact Information

Email: decisionone@kpmg.ca
Toll free phone number:
(833) 467-5374
Local phone number:
(416) 468-7207

Please be aware that the numbers above are voicemail answering machines only. Please leave a message and a respresentative of the Proposal Trustee will endeavour to get back to you as soon as possible.