#Report
Fixes the time of bankruptcy at 11:56 and reports the secured position: 156 ULC's assigned DBI loan of not less than US$3,673,750.95, substantially realized through the February 3, 2026 foreclosure.
3038992 Nova Scotia Company
FollowActive
- Proceeding
- BankruptcyBankruptcy and Insolvency Act, RSC 1985, c B-3, as amended
- File
- 31-3390682
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 AIAsk this case — answers cite the filings
Case updates2 dated entries
#Report
Trustee's report records the Company's assignment in bankruptcy and AlixPartners Restructuring, Inc.'s appointment as Licensed Insolvency Trustee, court file 31-3390682.
Source: Trustee's Report to Creditors on Preliminary Administration dated July 14, 2026
Parties
Debtor
3038992 Nova Scotia Company
Trustee in bankruptcy
AlixPartners
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| 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 more claims across lower-ranking classesSubscribe to view
RecoveriesAs 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
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents2 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 20 September 2026, https://proceedings.ca/case/3038992-nova-scotia-company