Recent News / 23 February 2010
23 February 2010
Hayes Forest Services Limited, Hayes Holding Services Limited, and
Hayes Helicopter Services Ltd. (collectively "Hayes")
Hayes obtained a Court Order from The Supreme Court of British Columbia on Thursday, July 31, 2008 pursuant to the Companies' Creditors Arrangement Act ("CCAA"). The Initial Court Order provided Hayes with a stay of proceedings against all actions and creditors.
At the Court hearing on September 28, 2009 the stay was extended to November 30, 2009 and the Court approved a Claims Process Order.
The stay has subsequently been extended to March 31, 2010.
The Plan of Reorganization and other material will be sent to creditors in accordance with the Claims Process Order dated September 28, 2009 and the Meeting Order dated February 5, 2010.
The Plan offers Unsecured Creditors a total of $400,000 to be distributed pro rata in full settlement of their claims.
The meeting of creditors to consider the Plan will take place at 10 a.m. on March 17,2010 at Suite 2300, 550 Burrard Street, Vancouver, BC. The conduct of, and voting procedure at, that meeting is set out in the Court Order dated February 4, 2010.
In order to vote on the Plan, creditors must have filed or been deemed to have filed a Proof of Claim and must have filed a proxy with the Monitor by March 15, 2010. Creditors with proven claims not attending the meeting can vote by proxy.
The Monitor's report on the Plan is set out in the Seventeenth Report.
Attached are the following documents.
Plan of Reorganization
1.  Meeting Order dated February 4, 2010 (without schedules) (847 KB)
2. Plan of reorganization (998 KB)
3. Notice to creditors (65 KB)
4. Proxy (255 KB)
Court Orders
1.Initial Court Order dated July 31, 2008 (766 KB)
2.Court Order dated September 4, 2008 (65 KB)
3.Court Order dated September 29, 2008 (51 KB)
4.Court Order dated October 31, 2008 (107 KB)
5.Court Order dated November 26, 2008 (273 KB)
6.Court Order dated December 12, 2008 (46 KB)
7.Court Order dated February 19, 2009 (1.23 MB)
8.Court Order dated February 19, 2009 (737 KB)
9.Court Order dated April 27, 2009 (238 KB)
10.Claims Process Order dated September 28, 2009 (981 KB)
11.Court Order dated September 28, 2009 (74 KB)
12.Court Order dated January 26, 2010 (126 KB)
13.Court Order dated February 4, 2010 (with schedules) (2.89 MB)
Other Information
1.Petition (1.6 MB)
2.Notice of Motion (867 KB)
3.Affidavit #1 of Donald Hayes (474 KB)
4.Notice of Hearing (32 KB)
5.Notice of Motion October 27, 2008 (68 KB)
6.Affidavit #4 of Donald Hayes (180 KB)
7.Affidavit #9 of Donald Hayes (873 KB)
Monitor's Reports
1. Monitor's First Report to Court dated August 14, 2008 (909 KB)
2. Monitor's Second Report to Court dated August 29, 2008 (3.76 MB)
3. Monitor's Third Report to Court dated October 6, 2008 (520 KB)
4. Monitor's Fourth Report to Court dated October 27, 2008 (331 KB)
5. Monitor's Fifth Report to Court dated December 1, 2008 (235 KB)
6. Monitor's Sixth Report to Court dated January 8, 2009 (232 KB)
7. Monitor's Seventh Report to Court dated January 28, 2009 (339 KB)
8. Monitor's Eighth Report to Court dated February 27, 2009 (203 KB)
9. Monitor's Ninth Report to Court dated March 31, 2009 (305 KB)
10.Monitor's Tenth Report to Court dated April 21, 2009 (286 KB)
11.Monitor's Eleventh Report to Court dated May 29, 2009 (524 KB)
12.Monitor's Twelfth Report to Court dated July 30, 2009 (515 KB)
13.Monitor's Thirteenth Report to Court dated September 25, 2009 (254 KB)
14.Monitor's Fourteenth Report to Court dated November 24, 2009 (529 KB)
15.Monitor's Fifteenth Report to Court dated December 2, 2009 (without Appendices)
16.Monitor's Sixteenth Report to Court dated January 29, 2010 (443 KB)
17.Monitor's Seventeenth Report to Court dated February 19, 2010 (4.2 MB)
All further Court Orders and Reports of the Monitor in these proceedings will be posted on the website when available.
If you require any additional information, please contact Martin Hyatt at 604-608-6241 or by email mhyatt@bowragroup.com.
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