Netlink Computer Inc., which did business as NCIX, entered a formal proposal process under Canada’s Bankruptcy and Insolvency Act on November 21, 2017. It did not submit a proposal to creditors or seek an extension, and on December 22, 2017, it was deemed to have made an assignment in bankruptcy. The dates and sequence come from a 2018 Notice of Civil Claim; the Supreme Court of British Columbia later identified Netlink as NCIX and Bowra as trustee in bankruptcy.
What happened, and when?
- November 21, 2017: Netlink Computer Inc. filed a Notice of Intention to Make a Proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act. Bowra was named proposal trustee.
- After the filing: According to the 2018 Notice of Civil Claim in Sipos v. Netlink Computer Inc., the company did not make a proposal to creditors and did not seek an extension of the stay under the Notice of Intention.
- December 22, 2017: The company was deemed to have made an assignment in bankruptcy. Bowra was appointed trustee of the bankrupt estate.
The 2021 Supreme Court of British Columbia reasons for judgment in Sipos v. Netlink Computer Inc. confirm that Netlink Computer Inc. did business as NCIX and describe Bowra’s role as trustee in bankruptcy.
What “restructuring” means in this record
The documented restructuring step is the formal Notice of Intention process under the Bankruptcy and Insolvency Act. The record cited here establishes that NCIX entered that process, did not file a creditor proposal or seek an extension, and then was deemed to have made an assignment in bankruptcy. It does not establish a full history of earlier commercial restructuring efforts, such as negotiations, store closures, layoffs, or attempted sales.
Which insolvency law applied?
The documented filing was under the federal Bankruptcy and Insolvency Act (BIA), which contains the proposal and bankruptcy framework. It should not be described as a Companies’ Creditors Arrangement Act (CCAA) proceeding: the available NCIX record does not show a CCAA filing. The Office of the Superintendent of Bankruptcy describes CCAA as a separate framework for insolvent corporations with debts to creditors exceeding $5 million; that general threshold does not establish that NCIX used the CCAA process.
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What the available record does not establish
The Notice of Civil Claim is a court pleading, not a full financial account of NCIX’s collapse. The timeline above is attributed to that filing, while allegations discussed in the later court action should not be treated as findings about why NCIX failed. These sources do not establish the company’s liabilities, asset value, creditor recoveries, or detailed earlier restructuring activity. For general information on insolvency records and creditor resources, the Government of Canada’s insolvency portal is a starting point.
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