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Payless Canada

On February 19, 2019 Payless ShoeSource Canada Inc. ("Payless Inc.") and Payless ShoeSource Canada GP Inc. ("Payless GP" along with Payless Inc., the "Applicants") sought and obtained an initial order (the "Initial Order") from the Ontario Superior Court of Justice (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 until March 21, 2019 (the "Stay Period") which may be extended by the Court from time to time. The protections and authorizations provided by the Initial Order were also extended to Payless ShoeSource Canada LP (together with the Applicants, "Payless Canada"). Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed monitor (the "Monitor") of Payless Canada.


On March 20, 2019, the Honourable Mr. Regional Senior Justice Morawetz granted an Order which amongst other things, extended the stay of proceedings to June 7th, 2019.

Payless Chapter 11 Proceedings
Coinciding with the commencement of the CCAA proceeding in Canada on February 19, 2019, certain affiliates of the Payless Canada Entities, including Payless Holdings LLC and 26 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 Missouri (the "U.S. Chapter 11 Proceedings").

For further information from Payless Holdings LLC on its US restructuring, please visit: Payless Restructuring Information

All materials filed in the U.S. Proceedings, including the First Day Orders as they are signed and uploaded, are available on the website of the U.S. Debtors' Claims and Noticing Agent, Prime Clerk LLC, at: Prime Clerk


For additional information please contact the Monitor's hotline:
Phone: 416 649 8096
Toll Free: 1 855 718 5255
Fax: 416 649 8101
Email: paylesscanada@fticonsulting.com

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