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Superior Seal Corporation [Court Appointed Interim Receiver, Receiver and Manager]

This page is for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations.
Please note that when available in both languages, the documents for this company have been provided in both French and English. However, some or all of the documents may only be available in one language and as such users should refer to both the English and French sections (if applicable) to view all available documents for this engagement.
(en français)
 
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Primary Contacts
Joe Pernica
joe.pernica@ca.ey.com
416-943-2025
On August 27, 2007, the Ontario Superior Court of Justice (the “Court”) granted an Order terminating the proceedings commenced by the Notice of Intention to file a Proposal filed by the Superior Seal Corp. (“Superior” or the “Company”) on August 13, 2007 pursuant to the Bankruptcy and Insolvency Act (the “BIA”) and deeming the Company to be bankrupt. Ernst & Young Inc. was appointed trustee of the estate of the Company in bankruptcy (the “Trustee”). Pursuant to a further Order of the Court, Ernst & Young Inc. was appointed interim receiver and receiver and manager of the Company (the “Receiver”) on August 27, 2007.

The Receiver is continuing to complete certain customer orders while it attempts to sell Superior’s assets either on a "going concern" or on a piece meal basis. It is currently uncertain how long production will continue.