#Report
Trustee's Report to Creditors on Preliminary Administration dated July 14, 2026 — Court officer report
3038992 Nova Scotia Company
ActiveFollow
- Proceeding
- BankruptcyBankruptcy and Insolvency Act, RSC 1985, c B-3, as amended
- File
- 31-3390682
- Industry
- Retail · Apparel, footwear & jewellery retail
OverviewSummary updated
3038992 Nova Scotia Company made an assignment in bankruptcy on June 25, 2026 at 11:56, under the Bankruptcy and Insolvency Act, RSC 1985, c B-3, with AlixPartners Restructuring, Inc. as Licensed Insolvency Trustee under court file 31-3390682 in Ontario. The Company's books show total assets of $1,312,242.97 as at the date of bankruptcy: cash of $39,774.00, accounts receivable carried at an estimated realizable value of $168,316.97 against a gross book value of $84,158,485.72 — wholly intercompany receivables from CM US, CMI and CM Europe, written down using a 0.2% recovery factor — and a prepaid deposit of $1,104,152.00 the Trustee does not expect to recover. The statement of affairs reports 91 unsecured creditors owed $54,881,324.27, of which $44,614,146 is intercompany loan claims across seven related parties, the largest being Club Monaco S.A.M. at $33,900,360.80.
Proceedings AIOpen Proceedings AI
Case updates2 dated entries
#Order
The official receiver certified that 3038992 Nova Scotia Company filed an assignment in bankruptcy under section 49 of the Bankruptcy and Insolvency Act and that AlixPartners Restructuring, Inc. was appointed trustee of the estate; the date and time of bankruptcy is June 25, 2026, 11:56, and the first meeting of creditors was called for July 14, 2026.
AnalysisAll insights
Filing brief
Club Monaco Canada: after a PPSA foreclosure, $39,774 in the bank
The company behind the Toronto-born brand in Canada, called Club Monaco Corp. until June 8, assigned into bankruptcy on June 25 with $39,774 in cash against $54,881,324.27 of unsecured claims. Its secured creditor had already acquired all of its personal property in Canada, and AlixPartners expects no distribution.
Parties
Debtor
3038992 Nova Scotia Company
Trustee in bankruptcy
AlixPartners
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | 1568476 B.C. Unlimited Liability Company (156 ULC)Assigned DBI Loan Agreement security: general security agreement (Ontario law), share pledge, California-law security agreement, and Québec moveable hypothec; also registered 2025 Québec hypothec in amount of $6 million (registration ceiling) — Indebtedness stated as 'not less than' US$3,673,750.95 (floor); originally DBI Lux Holdings S.à r.l.'s loan, assigned to 156 ULC Jan 16, 2026; foreclosure completed Feb 3, 2026 on non-Québec collateral, security now substantially realized/discharged through foreclosure and Québec asset purchase; Trustee not aware of secured claims advanced against Compa · as of 16 Jan 2026 | $3.67M USD | Trustee's Report to Creditors on Preliminary Administration dated July 14, 2026 |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansRecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee's Report to Creditors on Preliminary Administration · 14 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Report to Creditors on Preliminary Administration · 14 Jul 2026 |
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.
Estate financialsReported figures — never derived
Total assets at filing
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments2 filings
| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors on Preliminary Administration dated July 14, 2026
| PDF · Subscribers | |
Certificate of Appointment dated June 25, 2026
| 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., “3038992 Nova Scotia Company” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/3038992-nova-scotia-company