Scarsin Corporation

On September 25, 2025, Scarsin Corporation ("Scarsin") filed a Notice of Intention to Make a Proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act (the "BIA"). KPMG Inc. ("KPMG") consented to act as trustee under the proposal.

The deadline for Scarsin to file a proposal is October 25, 2025, subject to any extensions(s) that may be granted by the Ontario Superior Court of Justice. 

On October 24th, 2025, pursuant to the NOI filing, Scarsin filed a Proposal under Part III, Division I of the BIA.

The meeting of creditors was held on November 10, 2025, at 11:00 a.m. EST via the Microsoft Teams platform. The Proposal was accepted by the required majority of creditors as identified in the Proposal.

scarsin@kpmg.ca

Toll free within North America:
1-833-724-6661

Local phone number:
416-468-7032

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

Certificate of filing [PDF 108 KB]

Proof of Claim [PDF 200 KB]
Guide on how to complete Proof of Claim [PDF 372 KB]
Proxy [PDF 67 KB]
Voting Letter [PDF 114 KB]
Convenience Creditor Election Form [PDF 431 KB]

Motion Record returnable December 2, 2025 (1 of 4) [PDF 10 MB]
Motion Record returnable December 2, 2025 (2 of 4) [PDF 9.8 MB]
Motion Record returnable December 2, 2025 (3 of 4) [PDF 10 MB]
Motion Record returnable December 2, 2025 (4 of 4) [PDF 7.7 MB]
Factum of Scarsin Corporation motion record returnable December 2, 2025 [PDF 569 KB]

Proposal [PDF 1.1 MB]

Trustee Report on Proposal [PDF 7.1 MB]
Material Adverse Change Report dated December 11, 2025 [PDF 851 KB]

Notice to Creditors [PDF 9.3 MB]

Proposal Approval Order dated December 2, 2025 [PDF 281 KB]
Endorsement of Justice Conway dated December 2, 2025 [PDF 251 KB]

Certificate of filing a Notice of Intention to make a Proposal [PDF 108 KB]

Motion Record Returnable October 9, 2025 [PDF 7.8 MB]
Factum of Scarsin Corporation (Motion Returnable October 9, 2025) [PDF 199 KB]
Admin charge, DIP financing, Stay extension order dated October 9, 2025 [PDF 238 KB]
Endorsement of J. Conway dated October 9, 2025 [PDF 239 KB]

Service list as at October 7, 2025 [PDF 389 KB]

Notice to Creditors [PDF 1 MB]

First Report of the Proposal Trustee dated October 8, 2025 [PDF 1.9 MB]