Jimmy Guaco's Inc., 2359374 Ontario Inc., 8091463 Canada Inc. and 2798497 Ontario Inc.

Jimmy Guaco’s Inc., 2359374 Ontario Inc., 8091463 Canada Inc. and 2798497 Ontario Inc. (“Jimmy Guaco’s”) operated a chain of restaurants in Ontario featuring Mexican inspired grills.

On December 5, 2022, Jimmy Guaco’s filed four Notices of Intention to Make Proposals to its creditors pursuant to subsection 50.4 (1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”) and Dodick Landau Inc. was named Proposal Trustee. Pursuant to the provisions of subsection 69 (1) of the BIA a stay of proceedings has been initiated and all proceedings against Jimmy Guaco’s are stayed as of the date of filing of the NOI.

Meetings of Creditors to consider and vote on the Proposals were held on February 1, 2023 at 11:00 am. At the Meetings of Creditors the Creditors voted in favour of the Proposals. The Proposal Trustee sought the Court’s approval of the Proposals.

The Court approved the Proposals of 2359374 Ontario Inc. and 8091463 Canada Inc. and adjourned the hearings for the approval of the Proposals of 2798497 Ontario Inc. and Jimmy Guaco’s Inc. In the interim, it became evident that 2798497 Ontario Inc. and Jimmy Guaco’s Inc. would be unable to fulfill the terms of their proposals. As such, the director assigned 2798497 Ontario Inc. and Jimmy Guaco’s Inc. into bankruptcy on July 17, 2024.

Documents

Certificate of Filing of A Notice of Intention – 2359374 Ontario Inc.

Certificate of Filing of A Notice of Intention – 2798497 Ontario Inc.

Certificate of Filing of A Notice of Intention – 8091463 Ontario Inc.

Certificate of Filing of A Notice of Intention – Jimmy Guaco’s Inc.

NOI Creditor Package – 2798497 Ontario Inc.

NOI Creditor Package – 8091463 Canada Inc.

NOI Creditor Package – Jimmy Guaco’s Inc.

NOI Creditor Package – 2359374 Ontario Inc.

Proposal Creditor Package – 2798497 Ontario Inc.

Proposal Creditor Package – 8091463 Canada Inc.

Proposal Creditor Package – Jimmy Guaco’s Inc.