R.D.E. Ventures Inc. (the “Company”) is an equipment rental company operating out of Spruce Grove, Alberta.
On July 19, 2019, the Company filed a Notice of Intention to Make A Proposal (“NOI”) under subsection 50.4(1) of the Bankruptcy and Insolvency Act.
The Company has filed an Application seeking an Order extending the time in which R.D.E is to file a proposal to their creditors. The Application will be heard on Monday, August 19, 2019 at 2:00 pm at the Law Courts Building in Edmonton, Alberta.
On August 19, 2019, the Company applied for and received an Order extending the time to file a Proposal to September 3, 2019.
On September 3, 2019 the Company filed a Proposal with The Bowra Group Inc. under the Bankruptcy and Insolvency Act.
On September 19, 2019 the Company’s Proposal was rejected by its creditors. As a result of the forgoing the Company was deemed bankrupt as of September 19 2019.