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Bullboard - Stock Discussion Forum VIDWRX INC SMDWF

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

GREY:SMDWF - Post Discussion

VIDWRX INC > Interesting sections in this link
View:
Post by BigFatUgly1 on May 25, 2016 1:56am

Interesting sections in this link

Just not sure what current policy's are as this seems to be items under review? Anyone with more knowledge or better link to current policy's?

https://www.ic.gc.ca/eic/site/cilp-pdci.nsf/eng/cl00873.html
Comment by BigFatUgly1 on May 25, 2016 2:05am
One section I found interesting was this one. Pre-Filing Reports A relatively new development is the monitor's "pre-filing report", which is a description of the debtor company's affairs up to the date of a CCAA filing. The report is prepared for the purposes of the initial application and, hence, prior to the monitor's appointment. Pre-filing reports have been found by the ...more  
Comment by JohnnyTSX on May 25, 2016 3:42am
Here is what I know about CCAA in Canada. If total liabilities are $5M or more, then CCAA applies. If they are less, then it's a slightly different, but similar Insolvency Act in Canada - I can't recall the differences, but I'm sure Google will know. In either case, once the process kicks off, creditors get in line depending on secured/unsecured, etc. Now for the bad part, the most ...more  
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