To all Former Employees with Proven Claims against Skyservice - October 23, 2014
The payment of an interim distribution to creditors of 10% on account of proven unsecured claims has been authorized in accordance with the provisions of the Bankruptcy and Insolvency Act.
By law, no payment can be made in respect of claims by former employees without clearance from Service Canada which reviews such claims for any required withholdings arising from past payments of employment insurance benefits. Such clearance has been received in respect of a number of claims, for which claims dividend cheques were mailed on or around March 13th, 2014 and October 8th, 2014. As at October 23, 2014, Service Canada clearance remains outstanding for approximately 704 claims. The Trustee has no control over the timing of Service Canada clearances and is therefore unable to provide any estimate of when the remaining interim distribution payments will be released.
Former employees may receive a letter from Service Canada notifying them of a determination of overpayment of employment insurance benefits as a result of the interim distribution to be paid. Please note that such letter is not a demand for payment as the Trustee is required to deduct any benefits overpayment from the distribution to the former employee and remit the withholding to Canada Revenue Agency. In the unusual even that the distribution is insufficient to pay the benefits overpayment, any balance would be payable by the former employee, in which case a separate "Notice of Debt" would be issued by Service Canada.
Unless you wish to appeal the Service Canada determination in accordance with the process laid out in their letter, you do not need to take any action and interim distribution payments, net of applicable withholdings, will be issued by the Trustee following receipt of Service Canada clearance.
If you have changed your address since the filing of your claim against Skyservice please ensure that you inform the Trustee at skyservice.receiver@fticonsulting.com.
If you have any questions about the forgoing, please contact the trustee at skyservice.receiver@fticonsulting.com.
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