For further information contact:

 

Chris Bowra

Phone: 604.608.6242

cbowra@bowragroup.com

Triple Flip Inc.

 

Overview
 

Triple Flip Inc., Triple Flip (Calgary) Ltd., Triple Flip (Coquitlam) Ltd.,  Triple Flip (Edmonton) Ltd., Triple Flip  (Oakville) Ltd., Triple Flip (Saskatoon) Ltd.,  Triple Flip (West Vancouver) Ltd., and Triple Flip (Winnipeg) Ltd. (the “Companies”) are a chain of retail and online stores that sell clothing for tween girls, ages 7 – 13.  The Companies operate 11 retail stores from B.C. to Ontario. 

 

 

File Updates

On March 23, 2017 an application to request an extension of time for filing a Proposal and request to borrow up to $400,000 for interim financing was filed in the Court of Queen’s Bench of Alberta.  It was ordered that the time for filing a Proposal by the Companies was extended from March 24, 2017 to April 28, 2017 and the Companies be authorized to borrow $400,000 by way of an interim financing facility which shall hold a charge subject to the administration charge granted on December 9, 2016, the security interest held by HSBC Bank Canada and rank pari passu with the $350,000 interim financing charge granted on February 15, 2017 and February 24, 2017.

Extension Order - Extending The Order Until April 28, 2017

On February 24, 2017 an application to request an extension of time for filing a Proposal and request to borrow $100,000 for interim financing was filed in the Court of Queen’s Bench of Alberta.  It was ordered that the time for filing a Proposal by the Companies was extended from February 24, 2017 to March 24, 2017 and the Companies be authorized to borrow $100,000 by way of an interim financing facility which shall hold a charge subject to the administration charge granted on December 9, 2016, the security interest held by HSBC Bank Canada and rank pari passu with the $250,000 interim financing charge granted on February 15, 2017.

 

On February 15, 2017 an application to request an extension of time for filing a Proposal and request to borrow $250,000 for interim financing was filed in the Court of Queen’s Bench of Alberta.  It was ordered that the time for filing a Proposal by the Companies was extended from February 15, 2017 to February 24, 2017 and the Companies be authorized to borrow $250,000 by way of an interim financing facility which shall hold a charge subject to the administration charge granted on December 9, 2016 and the security interest held by HSBC Bank Canada.

 

On January 16, 2017 an application to request an extension of time for filing a Proposal was filed in the Court of Queen’s Bench of Alberta.  It was ordered that the time for filing a Proposal by the Companies was extended from January 16, 2017 to February 15, 2017. 

On December 9, 2016 an application to request an extension of time for filing a Proposal and to consolidate the 8 different proceedings into 1 proceeding was filed in the Court of Queen’s Bench of Alberta.  It was ordered that the time for filing a Proposal by the Companies was extended from December 30, 2016 to January 16, 2017 and that all proceedings were consolidated into 1 proceeding. 

 

On November 30, 2016, the Companies filed a Notice of Intention to Make a Proposal (“NOI”) under subsection 50.4 (1) of the Bankruptcy and Insolvency Act. 

Court Orders

Extension Order - March 23, 2017

Extension Order – February 24, 2017

Extension Order – February 15, 2017

Extension Order – January 16, 2017

Extension Order – December 9, 2016 

Creditors

Creditors Package – Notice of Intention to Make a Proposal:

– Triple Flip Inc.

– Triple Flip (Calgary) Ltd.

– Triple Flip (Coquitlam) Ltd.

– Triple Flip (Edmonton) Ltd.

– Triple Flip (Oakville) Ltd.

– Triple Flip (Saskatoon) Ltd.

– Triple Flip (West Vancouver) Ltd.

– Triple Flip (Winnipeg) Ltd.

Vancouver Office: 

PO Box 72, Bentall One

505 Burrard Street, Suite 430

Vancouver, B.C.  V7X 1M3

Tel: 604 689 8939

Fax: 604 689 8584

Edmonton Office: 

TD Tower

Suite 1411 – 10088 102 Avenue

Edmonton, AB T5J 2Z1

Tel: 780 809 1224

Fax: 780 705 1946

 

 
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© The Bowra Group.