Post by Walleye Joe on Jun 23, 2023 13:32:47 GMT -6
Did anyone else get this email from NAFA?
Claims Process Instruction Letter.pdf (179.2 KB)
SCHEDULE “B” - INSTRUCTION LETTER FOR CLAIMS PROCESS
Court File No. CV-19-00630241-00CL
ONTARIO
SUPERIOR COURT OF JUSTICE
COMMERCIAL LIST
IN THE MATTER OF THE COMPANIES’ CREDITORS ARRANGEMENT ACT,
R.S.C. 1985, c. C-36, AS AMENDED
AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF
NORTH AMERICAN FUR PRODUCERS INC., NAFA PROPERTIES INC., 3306319
NOVA SCOTIA LIMITED, NORTH AMERICAN FUR AUCTIONS INC., NAFA
PROPERTIES (US) INC., NAFA PROPERTIES STOUGHTON LLC, NORTH
AMERICAN FUR AUCTIONS (US) INC., NAFPRO LLC (WISCONSIN LLC), NAFA
EUROPE CO-OPERATIEF UA, NAFA EUROPE B.V., DAIKOKU SP. Z OO and NAFA
POLSKA SP. Z OO (collectively the “Applicants” or any one of them the “Applicant”)
INSTRUCTION LETTER FOR CLAIMS
PROCESS
CLAIMS PROCESS
By Order of the Ontario Superior Court of Justice (Commercial List) dated May 25, 2023 (the
“Claims Process Order”) under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C36, as amended (the “CCAA”), the Applicant and Deloitte Restructuring Inc., in its capacity as
Court- appointed Monitor of the Applicant (in such capacity, the “Monitor”), have been
authorized to conduct a claims process (the “Claims Process”). A copy of the Claims Process
Order and other public information concerning these proceedings can be obtained from the
Monitor’s website at: www.insolvencies.deloitte.ca/en-ca/NAFA (the “Website”).
This letter provides general instructions for completing a Proof of Claim form. Defined terms not
defined within this instruction letter shall have the meaning ascribed thereto in the Claims Process
Order.
The Claims Process is intended to identify and determine the amount of certain Claims against the
Applicants, and claims against the Directors or Officers of the Applicants.
Please review the Claims Process Order for the full terms of the Claims Process.
FOR CREDITORS UNDER $10K, EXCLUDING EMPLOYEES
IF YOU AGREE WITH THE APPLICANTS’ ASSESSMENT OF YOUR CLAIM IN THE
AMOUNT POSTED ON THE MONITOR’S WEBSITE, YOU NEED NOT TAKE
FURTHER ACTION.
IF YOU WISH TO DISPUTE THE ASSESSMENT OF YOUR CLAIM, ASSERT A D&O
CLAIM OR A RESTRUCTURING CLAIM, YOU MUST COMPLETE A PROOF OF
CLAIM AND DELIVER IT TO THE MONITOR BEFORE THE CLAIMS BAR DATE OR
THE RESTRUCTURING CLAIMS BAR DATE, AS APPLICABLE, AT:
DELOITTE RESTRUCTURING INC.
Attention: In its capacity as Court Appointed Monitor of North American Fur Auction
Inc.
8 Adelaide Street West
Toronto, ON, M5H 0A9
Telephone: 1-888-221-0622
E-mail: nafa@deloitte.ca
FOR EMPLOYEES
IF YOU AGREE WITH THE APPLICANTS’ ASSESSMENT OF YOUR CLAIM IN THE
AMOUNT SET OUT ON THE EMPLOYEE CLAIM STATEMENT, YOU NEED NOT
TAKE FURTHER ACTION.
IF YOU WISH TO DISPUTE THE ASSESSMENT OF YOUR CLAIM AS SET OUT ON
THE EMPLOYEE CLAIM STATEMENT, OR ASSERT A D&O CLAIM OR A
RESTRUCTURING CLAIM, YOU MUST COMPLETE A PROOF OF CLAIM AND
DELIVER IT TO THE MONITOR BEFORE THE CLAIMS BAR DATE OR THE
RESTRUCTURING CLAIMS BAR DATE, AS APPLICABLE, AT:
DELOITTE RESTRUCTURING INC.
Attention: In its capacity as Court Appointed Monitor of North American Fur Auction
Inc.
8 Adelaide Street West
Toronto, ON, M5H 0A9
Telephone: 1-888-221-0622
E-mail: nafa@deloitte.ca
FOR CREDITORS OVER $10K AND FOR CREDITORS UNDER $10K OR
EMPLOYEES THAT DISAGREE WITH AMOUNT OF THEIR CLAIM ON
THE CREDITORS UNDER $10K LIST OR THE EMPLOYEE CLAIM STATEMENT,
AS APPLICABLE
FOR CREDITORS SUBMITTING A PROOF OF CLAIM
All Creditors with Claims, other than Employees and those with Creditors under $10k who agree
with their Claim as described in the Creditors under $10k List, must file a Proof of Claim. All
Proofs of Claims, notices and inquiries with respect to the Claims Process should be directed to
the Monitor by electronic or digital transmission, prepaid registered mail, courier, or personal
delivery, at the address below:
DELOITTE RESTRUCTURING INC.
Attention: In its capacity as Court Appointed
Monitor of North American Fur Auction Inc.
8 Adelaide Street West
Toronto, ON, M5H 0A9
Telephone: 1-888-221-0622
E-mail: nafa@deloitte.ca
All Proofs of Claim other than Restructuring Claims, must be received by the Monitor before 5:00
p.m. (Toronto Time) on August 3, 2023 (the “Claims Bar Date”), subject to the provisions of the
Claims Process Order.
All Proofs of Claim for Restructuring Claims must be received by the Monitor on the date that is
the later of: (i) August 3, 2023, and (ii) thirty (30) calendar days following the date on which the
Monitor sends a Proof of Claim Document Package with respect to such Restructuring Claim (the
“Restructuring Claims Bar Date”), subject to the provisions of the Claims Process Order. If you
do not file a Proof of Claim in respect of any such Restructuring Claim by the Restructuring Claims
Bar Date, any Restructuring Claim that you may have shall be forever extinguished and barred.
All Claims are presumed to be in US Dollars. Denominated in any other currency shall be converted
to US Dollars at the relevant exchange rate on the Filing Date.
ADDITIONAL FORMS
Additional Proof of Claim forms can be obtained from the Monitor’s website at
www.insolvencies.deloitte.ca/en-ca/NAFA or by contacting the Monitor.
DATED this 15 th day of June, 2023
Claims Process Instruction Letter.pdf (179.2 KB)
SCHEDULE “B” - INSTRUCTION LETTER FOR CLAIMS PROCESS
Court File No. CV-19-00630241-00CL
ONTARIO
SUPERIOR COURT OF JUSTICE
COMMERCIAL LIST
IN THE MATTER OF THE COMPANIES’ CREDITORS ARRANGEMENT ACT,
R.S.C. 1985, c. C-36, AS AMENDED
AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF
NORTH AMERICAN FUR PRODUCERS INC., NAFA PROPERTIES INC., 3306319
NOVA SCOTIA LIMITED, NORTH AMERICAN FUR AUCTIONS INC., NAFA
PROPERTIES (US) INC., NAFA PROPERTIES STOUGHTON LLC, NORTH
AMERICAN FUR AUCTIONS (US) INC., NAFPRO LLC (WISCONSIN LLC), NAFA
EUROPE CO-OPERATIEF UA, NAFA EUROPE B.V., DAIKOKU SP. Z OO and NAFA
POLSKA SP. Z OO (collectively the “Applicants” or any one of them the “Applicant”)
INSTRUCTION LETTER FOR CLAIMS
PROCESS
CLAIMS PROCESS
By Order of the Ontario Superior Court of Justice (Commercial List) dated May 25, 2023 (the
“Claims Process Order”) under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C36, as amended (the “CCAA”), the Applicant and Deloitte Restructuring Inc., in its capacity as
Court- appointed Monitor of the Applicant (in such capacity, the “Monitor”), have been
authorized to conduct a claims process (the “Claims Process”). A copy of the Claims Process
Order and other public information concerning these proceedings can be obtained from the
Monitor’s website at: www.insolvencies.deloitte.ca/en-ca/NAFA (the “Website”).
This letter provides general instructions for completing a Proof of Claim form. Defined terms not
defined within this instruction letter shall have the meaning ascribed thereto in the Claims Process
Order.
The Claims Process is intended to identify and determine the amount of certain Claims against the
Applicants, and claims against the Directors or Officers of the Applicants.
Please review the Claims Process Order for the full terms of the Claims Process.
FOR CREDITORS UNDER $10K, EXCLUDING EMPLOYEES
IF YOU AGREE WITH THE APPLICANTS’ ASSESSMENT OF YOUR CLAIM IN THE
AMOUNT POSTED ON THE MONITOR’S WEBSITE, YOU NEED NOT TAKE
FURTHER ACTION.
IF YOU WISH TO DISPUTE THE ASSESSMENT OF YOUR CLAIM, ASSERT A D&O
CLAIM OR A RESTRUCTURING CLAIM, YOU MUST COMPLETE A PROOF OF
CLAIM AND DELIVER IT TO THE MONITOR BEFORE THE CLAIMS BAR DATE OR
THE RESTRUCTURING CLAIMS BAR DATE, AS APPLICABLE, AT:
DELOITTE RESTRUCTURING INC.
Attention: In its capacity as Court Appointed Monitor of North American Fur Auction
Inc.
8 Adelaide Street West
Toronto, ON, M5H 0A9
Telephone: 1-888-221-0622
E-mail: nafa@deloitte.ca
FOR EMPLOYEES
IF YOU AGREE WITH THE APPLICANTS’ ASSESSMENT OF YOUR CLAIM IN THE
AMOUNT SET OUT ON THE EMPLOYEE CLAIM STATEMENT, YOU NEED NOT
TAKE FURTHER ACTION.
IF YOU WISH TO DISPUTE THE ASSESSMENT OF YOUR CLAIM AS SET OUT ON
THE EMPLOYEE CLAIM STATEMENT, OR ASSERT A D&O CLAIM OR A
RESTRUCTURING CLAIM, YOU MUST COMPLETE A PROOF OF CLAIM AND
DELIVER IT TO THE MONITOR BEFORE THE CLAIMS BAR DATE OR THE
RESTRUCTURING CLAIMS BAR DATE, AS APPLICABLE, AT:
DELOITTE RESTRUCTURING INC.
Attention: In its capacity as Court Appointed Monitor of North American Fur Auction
Inc.
8 Adelaide Street West
Toronto, ON, M5H 0A9
Telephone: 1-888-221-0622
E-mail: nafa@deloitte.ca
FOR CREDITORS OVER $10K AND FOR CREDITORS UNDER $10K OR
EMPLOYEES THAT DISAGREE WITH AMOUNT OF THEIR CLAIM ON
THE CREDITORS UNDER $10K LIST OR THE EMPLOYEE CLAIM STATEMENT,
AS APPLICABLE
FOR CREDITORS SUBMITTING A PROOF OF CLAIM
All Creditors with Claims, other than Employees and those with Creditors under $10k who agree
with their Claim as described in the Creditors under $10k List, must file a Proof of Claim. All
Proofs of Claims, notices and inquiries with respect to the Claims Process should be directed to
the Monitor by electronic or digital transmission, prepaid registered mail, courier, or personal
delivery, at the address below:
DELOITTE RESTRUCTURING INC.
Attention: In its capacity as Court Appointed
Monitor of North American Fur Auction Inc.
8 Adelaide Street West
Toronto, ON, M5H 0A9
Telephone: 1-888-221-0622
E-mail: nafa@deloitte.ca
All Proofs of Claim other than Restructuring Claims, must be received by the Monitor before 5:00
p.m. (Toronto Time) on August 3, 2023 (the “Claims Bar Date”), subject to the provisions of the
Claims Process Order.
All Proofs of Claim for Restructuring Claims must be received by the Monitor on the date that is
the later of: (i) August 3, 2023, and (ii) thirty (30) calendar days following the date on which the
Monitor sends a Proof of Claim Document Package with respect to such Restructuring Claim (the
“Restructuring Claims Bar Date”), subject to the provisions of the Claims Process Order. If you
do not file a Proof of Claim in respect of any such Restructuring Claim by the Restructuring Claims
Bar Date, any Restructuring Claim that you may have shall be forever extinguished and barred.
All Claims are presumed to be in US Dollars. Denominated in any other currency shall be converted
to US Dollars at the relevant exchange rate on the Filing Date.
ADDITIONAL FORMS
Additional Proof of Claim forms can be obtained from the Monitor’s website at
www.insolvencies.deloitte.ca/en-ca/NAFA or by contacting the Monitor.
DATED this 15 th day of June, 2023