CCAA proceedings
On October 30, 2023, the Ontario Superior Court of Justice (Commercial List) (the "Court") issued an order (the "Initial Order") pursuant to the Companies' Creditors Arrangement Act ("CCAA"). The Initial Order provided for certain relief, including a stay of proceedings against Ignite Holdings Inc., Ignite Services Inc., and Ignite Insurance Corporation (collectively, the “Ignite Group") and ordered that KPMG Inc. be appointed as Court-appointed monitor of the Applicants (in such capacity, the “Monitor”).
On November 9, 2023, the Court issued an Amended and Restated Initial Order, which among other things, extended the stay of proceedings to January 31, 2024.
Priority claims order
On November 29, 2023, the Court issued the Priority Claims Order, which among other things, approved the Priority Claims Procedure to identify, quantify and resolve any Priority Claims. The related proof of claim form can be found below and must be received by the Applicants and the Monitor before 5:00 p.m. (Toronto time) on January 11, 2024.
Share purchase transaction
On December 1, 2023, Southampton Financial Inc. (“Southampton”) acquired 100% of the shares of Ignite Services Inc. pursuant to the share purchase agreement between Southampton and Ignite Holdings Inc., and as approved by the Court pursuant to the Approval and Reverse Vesting Order. A copy of the Monitor’s Certificate can be found below.
Contact Information
IgniteGroup@kpmg.ca
Toll free within North America:
1-833-365-6600
Local Phone Number:
1-416-468-7995
Court materials
Application Record CCAA Application - 2023-10-27 - Part 01 [PDF 8.6 MB]
Application Record CCAA Application - 2023-10-27 - Part 02 [PDF 2.6 MB]
Factum of the Applicants - 2023-10-27 [PDF 571 KB]
Motion Record Returnable November 9, 2023 - 2023-11-01 [PDF 3.4 MB]
Factum of the Applicants - 2023-11-07 [PDF 435 KB]
Motion Record Returnable November 29, 2023 - 2023-11-22 [PDF 3 MB]
Factum of the Applicants - 2023-11-27 [PDF 515 KB]
Motion Record Returnable January 30, 2024 - 2024-01-25 - Part 01 [PDF 8.3 MB]
Motion Record Returnable January 30, 2024 - 2024-01-25 - Part 02 [PDF 4 MB]
Factum of the Applicants - 2024-01-28 [PDF 392 KB]
Supplementary Affidavit - 2024-01-29 [PDF 282 KB]
Orders
Initial Order - 2023-10-30 [PDF 357 KB]
Initial Order Endorsement - 2023-10-30 [PDF 272 KB]
Amended and Restated Initial Order - 2023-11-09 [PDF 445 KB]
Approval and Reverse Vesting Order - 2023-11-09 [PDF 423 KB]
ARIO and ARVO Endorsement - 2023-11-09 [PDF 274 KB]
Priority Claims Order - 2023-11-29 [PDF 455 KB]
Priority Claims Order Endorsement - 2023-11-29 [PDF 1 MB]
CCAA Termination and Distribution Order - 2024-01-30 [PDF 439 KB]
CCAA Termination and Distribution Order Endorsement - 2024-01-30 [PDF 308 KB]
Reports
Pre-filing Report of the proposed Monitor - 2023-10-27 [PDF 2.7 MB]
First Report of the Monitor - 2023-11-02 [PDF 851 MB]
Second Report of the Monitor - 2023-11-23 [PDF 3.6 MB]
Third Report of the Monitor - 2024-01-26 [PDF 4.4 MB]
Priority claims procedure
Priority Claims Order - 2023-11-29 [PDF 847 KB]
Priority Claims Order Endorsement - 2023-11-29 [PDF 1 MB]
Proof of Claim Form [PDF 302 KB]
List of creditors
Notice to Creditors - 2023-11-01 [PDF 175 KB]
List of Known Creditors - 2023-10-30 [PDF 103 KB]
Frequently asked questions
General CCAA FAQs [PDF 197 KB]
Employee CCAA FAQs [PDF 171 KB]
Vendor and Supplier CCAA FAQs [PDF 165 KB]
Service list
Service List - 2024-01-25 [PDF 56 KB]
Other
Monitor's Certificate - 2023-12-01 [PDF 241 KB]
Bankruptcy proceedings
1000704712 Ontario Inc. (“1000704712”), Ignite Holdings Inc. (“Ignite Holdings”), and Ignite Insurance Corporation (“Ignite Insurance”, and together with 1000704712 and Ignite Holdings, the “Debtors”) filed an assignment on the 1st day of March, 2024 and KPMG Inc. was appointed as Trustee of the Estates of each of the Debtors by the official receiver. The Trustees appointment was affirmed at the First Meeting of Creditors of the Debtors, which was held via a Microsoft Teams conference on the 21st day of March 2024 at 11:00 AM (Eastern Standard Time).
Bankruptcy
1000704712 Certificate of Appointment dated March 1, 2024 [PDF 72 KB]
Ignite Holdings Certificate of Appointment dated March 1, 2024 [PDF 72 KB]
Ignite Insurance Certificate of Appointment dated March 1, 2024 [PDF 72 KB]
Proof of Claim Form [PDF 229 KB]
Proxy [PDF 50 KB]
Notice to Creditors dated March 8, 2024 (Bankruptcy Notice) [PDF 1.3 MB]
Trustee's Preliminary Report dated March 21, 2024 [PDF 184 KB]
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