The applicant, CURO Group Holdings Corp., sought recognition of its US Chapter 11 bankruptcy proceedings as foreign main proceedings under Part IV of the CCAA.
The court found that the Canadian debtors' centre of main interests was in the US, as executive decision-making and back-office support were located there.
The court granted the Initial Recognition Order, recognized the US Bankruptcy Court's First Day Orders, appointed an Information Officer, and approved an Administration Charge, a Directors and Officers Charge, and Securitization Charges to facilitate the restructuring.
