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Petcetera files a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act

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Overview

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PricewaterhouseCoopers LLP

On March 20, 2009, Canadian Petcetera Limited Partnership and Canadian Petcetera Warehouse Inc. (together, Petcetera) filed a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act, naming PricewaterhouseCoopers Inc. (PwC) as Proposal Trustee. On June 16, 2009, PwC was appointed Receiver and Manager of Petcetera. Fasken Martineau is counsel for PwC, assisting in the liquidation and realization of virtually all of Petcetera's inventory and other assets, including Petcetera's lease-hold interests at almost half of its locations. The Fasken Martineau team is led by John Grieve and includes Kibben Jackson, Vicki Tickle, Carmine Boskovich and David Martin. Until its insolvency, Petcetera was one of the largest pet food and supply retailers in North America, with 45 locations across Canada.

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