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FTI Consulting, Inc. / GolfTown
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NOTE TO STAKEHOLDERS REGARDING GOLF TOWN LIMITED:
For clarity, please note that these bankruptcies are not related in any way to the current business of Golf Town Limited, and Golf Town Limited is not subject to, or a part of, any form of insolvency proceeding. |
On June 4, 2018, Golf Town Operating Limited Partnership and Golfsmith International Holdings LP filed assignments pursuant to section 49(1) of the Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3). FTI Consulting Canada Inc., was appointed as trustee of the bankrupt estates; subject to affirmation by the creditors at the First Meeting of Creditors which will be held on Monday, June 18, 2018 at 2 o'clock pm at the office of Osler, Hoskin & Harcourt LLP, located at 100 King Street West, 1 First Canadian Place, Suite 6300, Toronto, ON, M5X 1B8.
On May 31, 2018, Golf Town Canada Inc., Golf Town Canada Holdings Inc., Golf Town GP II Inc., and Golfsmith International Holdings GP Inc., filed assignments pursuant to section 49(1) of the Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3). FTI Consulting Canada Inc., was appointed as trustee of the bankrupt estates; subject to affirmation by the creditors at the First Meeting of Creditors which will be held on Monday, June 18, 2018 at 2 o'clock pm at the office of Osler, Hoskin & Harcourt LLP, located at 100 King Street West, 1 First Canadian Place, Suite 6300, Toronto, ON, M5X 1B8.
On May 30, 2018, the Monitor filed its Monitor's Certificate confirming the discharge of the Monitor and the termination of the CCAA proceedings pursuant to the CCAA Termination Order dated March 29, 2018.
On September 14, 2016, Golf Town Canada Inc., Golf Town Canada Holdings Inc., and Golf Town GP II Inc. (collectively, the "Applicants") sought and obtained an initial order (as amended from time to time, the "Initial Order") from the Ontario Superior Court of Justice, Commercial List (the "Court") under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the "CCAA"). The Initial Order provides, among other things, a stay of proceedings which may be extended by the Court from time to time. The protections and authorizations provided by the Initial Order were also extended to Golfsmith International Holdings LP and Golf Town Operating Limited Partnership (together with the Applicants, "Golf Town"). Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed monitor (the "Monitor") of Golf Town.
Further details relating to this matter may be accessed by using the menu to the left, or contacting the Monitor using the information below:
Golfsmith Chapter 11 Proceedings
Simultaneously with the commencement of the CCAA proceeding in Canada on September 14, 2016, certain of Golf Town's U.S. affiliates, including Golfsmith International Holdings Inc. and 12 other related debtors, each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "U.S. Chapter 11 Proceedings"). For further information regarding the U.S. Chapter 11 Proceedings, please visit the case website at the following address: https://cases.primeclerk.com/golfsmith
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For additional information please contact the Monitor:
Fax: 416-649-8101
Email: golftown@fticonsulting.com
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