1886695 Ontario Inc. fka Brant Instore Corporation
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Industry
- Manufacturing · Wood, paper & printing
1886695 Ontario Inc., formerly Brant Instore Corporation, was placed in court-appointed receivership on December 20, 2022 by the Ontario Superior Court of Justice under BIA s. 243 and provincial Judicature Act authority; the proceeding is closed. Unaudited books as at October 29, 2022 showed total assets of $15,571,000 against total liabilities of $21,645,000, a shareholders' deficiency of approximately $6,074,000, and current liabilities of about $20,840,000 against current assets of about $9,439,000, with all Bank of Montreal obligations reclassified as current on default. BMO, holding security over substantially all assets dated December 19, 2012, was owed $13,022,365 as of December 6, 2022 and was expected to suffer a significant shortfall. Supplier and service provider payables totalled $5.1 million, with $1.4 million in management fees owing to controlling shareholder Hammond, Kennedy, Whitney & Company.
Motion Record of the Receiver returnable October 6, 2023 — Application / notice of application
Motion Record of the Proposed Receiver returnable December 20, 2022 — Application / notice of application
Notice of Motion of the Proposed Receiver returnable December 20, 2022 — Application / notice of application
Debtor
1886695 Ontario Inc. fka Brant Instore Corporation
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 4 orders, Dec 2022 – Oct 2023 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Aird & Berlis LLP | 20 Dec 2022 | Factum · 14 Dec 2022 |
| Applicant | Davies Ward Phillips & Vineberg LLP · McMillan LLP | 28 Dec 2022 | Service list · 28 Dec 2022 |
| CreditorAllianz Trade Canada | Kawaguchi Krajden LLP | 28 Dec 2022 | Service list · 28 Dec 2022 |
| CreditorBank of Montreal | Davies Ward Phillips & Vineberg LLP | 20 Dec 2022 | Factum · 15 Dec 2022 |
| CreditorBSC Landco Inc | George Street Law Group | 28 Dec 2022 | Service list · 28 Dec 2022 |
| CreditorMiller Zell Inc | Osler, Hoskin & Harcourt LLP | 28 Dec 2022 | Service list · 28 Dec 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal (BMO) · in 297 casesSecurity over substantially all of the Company's property, assets and undertakings pursuant to security documents dated December 19, 2012; security opinion from Aird & Berlis confirms valid and enforceable — Also described as 'approximately $13 million' as at the date of the Receivership Order (Dec 20, 2022); primary secured creditor; also holds minority equity interest in the Company (related party via debt-to-equity conversion in 2021, board seat); expected to suffer significant shortfall — debtor: 1886695 Ontario Inc. (formerly Brant Instore Corporation) · as of 6 Dec 2022 | $13M | First Report of the Receiver dated September 28, 2023 |
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
8 more claims in 2 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansBMO: shortfall.First Report of the Receiver · 28 Sep 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | BMO | — | shortfall | per the receiver | First Report of the Receiver · 28 Sep 2023 |
| SecuredBMO | Bank of Montreal | — | interimcumulative | Finalper the receiver | Motion Record of the Receiver · 28 Sep 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans4 engagements · 2 firms — latest: KSV Restructuring Inc., 7 Nov 2022 – 31 Aug 2023First Report of the Receiver · 28 Sep 2023
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aird & Berlis LLPCounselperiod 2 of 2 | 3 Jan – 31 Jan 2023 | — | Motion Record of the Receiver · 28 Sep 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Aird & Berlis LLPCounselperiod 1 of 2 | — | — | — | 14 people | First Report of the Receiver · 28 Sep 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
14 people — Aird & Berlis LLP · 42 blurred figures
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| KSV Restructuring Inc.Receiverperiod 2 of 2 | 7 Nov 2022 – 31 Aug 2023 | — | — | 4 people | First Report of the Receiver · 28 Sep 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 people — KSV Restructuring Inc., 7 Nov 2022 – 31 Aug 2023 · 14 blurred figures
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| KSV Restructuring Inc.Receiverperiod 1 of 2 | — | — | — | Motion Record of the Receiver · 28 Sep 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
61 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Discharge Order dated October 6, 2023
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated October 6, 2023
| PDF · Subscribers | |
First Report of the Receiver dated September 28, 2023
| PDF · Subscribers | |
Motion Record of the Receiver returnable October 6, 2023
| PDF · Subscribers | |
| Certificate and Articles of Amendment Jan 17 2023 - Brant Instore Limited | PDF · Subscribers | |
| Articles of Amendment dated January 5, 2023 | PDF · Subscribers | |
Service List as at December 28, 2022
| PDF · Subscribers | |
Approval and Vesting Order dated December 20, 2022
| PDF · Subscribers | |
Receivership Order dated December 20, 2022
| PDF · Subscribers | |
Factum of the Applicant re Motion returnable December 20, 2022
| PDF · Subscribers | |
| Book of Authorities of the Proposed Receiver re Motion returnable December 20, 2022 | PDF · Subscribers | |
Factum of the Proposed Receiver re motion returnable December 20, 2022
| PDF · Subscribers | |
Motion Record of the Proposed Receiver returnable December 20, 2022
| PDF · Subscribers | |
| Report of the Proposed Receiver dated December 12, 2022 | PDF · Subscribers | |
| Application Record returnable December 20, 2022 | PDF · Subscribers | |
Notice of Motion of the Proposed Receiver returnable December 20, 2022
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “1886695 Ontario Inc. fka Brant Instore Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1886695-ontario-inc-fka-brant-instore-corporation