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Pareto Corporation Inc.  

On October 2, 2013, Pareto Corporation Inc. and Pareto Holdings Ltd. (hereafter referred to collectively as "Pareto") filed an assignment in bankruptcy and KPMG Inc. was appointed trustee (the "Trustee").

 

If you have any additional questions on Pareto's bankruptcy, please call George Bourikas of the Trustee's office at 416-777-8887.

 

Wage Earner Protection Program (WEPP)

 

The maximum WEPP payment is approximately $3,400. Should your claim exceed that amount the remainder of your claim is an unsecured claim in the bankrupt estate. Once HRSDC has paid your WEPP claim, HRSDC is entitled to receive any payments to which you might have been entitled (absent payment under WEPP) from the bankrupt estate to a maximum of the amount paid to you by HRSDC. Therefore, depending on the realizations of the estate's assets by the Trustee, you may not recover any amount directly from the bankrupt estate.

 

WEPP is for employees, only. Accordingly, those who supplied contract services to the company are not eligible to claim WEPP payments. Accordingly, no WEPP claim forms or notices will be made available for contractors.

 

In order to be eligible for the Wage Earner Protection Program, employees must file a proof of claim with the Trustee. 

 

The Employee Proof of Claim form can be found below.

 

*Note that if you have already submitted a Proof of Claim to the Trustee, please do not resubmit.

 

The Trustee will be in touch with you if further information is required. The Trustee will take the agreed upon proof of claim information and complete your WEPP application online. Once the Trustee has completed our portion of the filing we will mail this information to you. You must then go online and complete the application process. You cannot go online to complete you application until you receive the information from the Trustee.

 

Employee WEPP Update

 

For employees who have filed a proof of claim with the Trustee, the necessary payroll information has been entered into Service Canada’s online WEPP application form. Employees may now go online to complete the WEPP application confirmation process. Please refer to the document posted below entitled ‘Employee WEPP Application Instructions’ for directions on how to proceed.

 

If you have not filed a proof of claim, this must be completed prior to completing the WEPP application confirmation process. Please complete the ‘Employee Proof of Claim’ form below and submit it to the Trustee.  Forms may be sent to KPMG via email (gbourikas@kpmg.ca).

 WEPP Application Instructions

WEPP-Application-Form.pdfWEPP Application Instructions Form10 KB

 Proof of Claim Forms

Employee-Proof-Of-Claim-Instructions-v2.pdfEmployee Proof of Claim with Instructions11/8/2013100 KB
Pareto-Corporation-Proof-Of-Claim-Forms.pdfProof of Claim – Pareto Corporation Inc10/2/2013109 KB
Pareto-Holdings-Ltd.-Proof-Of-Claim-Forms.pdfProof of Claim – Pareto Holdings Inc10/2/2013107 KB

 Trustee's Report

Trustees-Report-on-Preliminary-Administration-Oct-22-2013.pdfTrustee's Report on Preliminary Administration10/22/20131548 KB

 Certificates of Appointment

Pareto-Corporation-Certificate.pdfCertificate – Pareto Corporation Inc10/2/2013261 KB
Pareto-Holdings-Ltd-Certificate.pdfCertificate – Pareto Holdings Inc10/2/201326 KB

 Notice to Creditors & Claims Register

Notice-to-Creditors-Pareto-Corporation-Inc.pdfNotice to Creditors – Pareto Corporation Inc10/2/2013787 KB
Pareto-Holdings-Ltd-Notice-Of-Bankruptcy-And-First-Meeting-Of-Creditors.pdfNotice to Creditors – Pareto Holdings Inc10/2/201335 KB

 

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Contact Information

George Bourikas

KPMG Inc.

Bay Adelaide Centre

333 Bay Street, Suite 4600 Toronto, Ontario M5H 2S5

 

Tel: (416) 777-8887

Fax: (416) 777-3364

gbourikas@kpmg.ca