World Wide Carriers Ltd. et al

WORLD WIDE CARRIERS LTD., WORLD WIDE TRANSPORT INC., 2613853 ONTARIO LTD., 2029037 ONTARIO INC., WORLD WIDE CARRIERS US INC., JCD CARTAGE INC., POPULAR FREIGHT SYSTEMS INC., 200 EDWARD STREET HOLDINGS INC., 87 MOUNTAINVIEW ROAD HOLDINGS INC., and 90 GAYLORD ROAD HOLDINGS INC. (collectively, the “Applicants” or the “Companies”)

On March 4, 2025, World Wide Carriers Ltd. (the “Company“) filed a Notice of Intention to Make a Proposal (“NOI”) under Section 50.4 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”), and B. Riley Farber Inc. (“B. Riley Farber“) was appointed as proposal trustee in the Companies’ NOI proceedings (in such capacity, the “Proposal Trustee”).

The NOI filing provides for a stay of proceedings against the Company, pursuant to s. 69(1) of the BIA, subject to certain limitations, while the Company formulates a restructuring plan and attempts to develop a viable proposal for its creditors.

Relevant documents can be found below.

Status Updates

On March 19, 2025, the Applicants sought and obtained an initial order (the “Initial Order”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). The Initial Order declares that effective March 19, 2025, the NOI proceeding is hereby taken up and continued under the CCAA and that, as of such date, the provisions of the BIA shall have no further application to WWC, save that any and all steps, agreements and procedures validly taken, done or entered into by WWC shall remain valid and binding, notwithstanding the commencement of these CCAA proceedings. B. Riley Farber Inc. was appointed as Monitor (“the Monitor”) of the Applicants.

The Initial Order provides, among other things, a stay of proceedings until March 28, 2025 (the “Stay Period”) and may be extended by the Court from time to time.

A copy of the Initial Order can be found below.

On March 28, 2025, the Ontario Superior Court of Justice (Commercial List) (the “Court“) issued an Amended and Restated Initial Order (“ARIO“) which extends the stay of proceedings up to and including June 15, 2025.

A copy of the ARIO can be found below.

On May 21, 2025, the Applicants will make a motion for an amendment to the ARIO (the “Second ARIO”) that, among other things, extends the stay of proceedings up to and including August 1, 2025, appoints Steinberg Advisory Corp. as chief restructuring officer of the Applicants (the “CRO”) and amends the Administration Charge to secure the fees and disbursements of the CRO. The Applicants will also make a motion for an order approving a lien claims process (the “Lien Claims Process Order“)

A copy of the motion record, the Factum of the Applicants and the Second Report of the Monitor can be found below.

Creditor Inquiries

For creditor inquiries, please contact:
T: 437.294.4600
E: worldwidecarriers@brileyfin.com

The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.