7098961 Canada Inc (formerly Beyond The Rack Enterprises Inc.)
FollowActive
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
- File
- 500-11-050409-164
Filings held49
Last activity17 May 2022
On the record3,833 days
OverviewSummary updated
7098961 Canada Inc., formerly Beyond The Rack Enterprises Inc., is the subject of proceedings under the Companies' Creditors Arrangement Act, with Richter Advisory Group Inc. as monitor. The proceedings are before the Superior Court of Québec (Commercial Division) in Montreal under court file 500-11-050409-164, having commenced on 24 March 2016, and remain active. The largest creditor claims listed are Long Zone Holdings Inc. at $6,102,480.00 and 9523669 Canada Inc. at $6,093,432.37, followed by Google Inc. at $569,742.98 and Postes Canada at $382,576.83.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
FormProof of Claim
Per the Instructions to Creditors who wish to assert their Claims against 7098961 Canada Inc. (Formerly known as Beyond the Rack Enterprises Inc.) its Directors and/or Officers dated 18 July 2016.
Proceedings AIAsk this case — answers cite the filings
Case updates48 dated entries · 1 undated
#Filing
Application for the Issuance of an Order extending Non Pro Tunc the Stay of Proceedings – dated April 5, 2017 — Application / notice of application
45 earlier updates, back to 24 March 2016 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Parties
Debtor
7098961 Canada Inc (formerly Beyond The Rack Enterprises Inc.)
Monitor
Richter
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Pinsonnault | Superior Court of Québec | 9 orders, Apr 2016 – May 2017 | 22 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorRichter | McCarthy Tétrault LLP | 24 Mar 2016 | Order · 24 Mar 2016 |
| Applicant7098961 Canada Inc (formerly Beyond The Rack Enterprises Inc.) | Stikeman Elliott LLP | 21 Jun 2016 | Service list · 21 Jun 2016 |
| Interim lender | Kugler Kandestin LLP | 21 Jun 2016 | Service list · 21 Jun 2016 |
| CreditorAmex Bank of Canada and Amex Express Travel Related Service Company, Inc | Dentons Canada LLP | 21 Jun 2016 | Service list · 21 Jun 2016 |
| CreditorLandlord 151 West | Robert B. MacLellan Canada Law | 21 Jun 2016 | Service list · 21 Jun 2016 |
| CreditorLong Zone Holdings Inc | Davies Ward Phillips & Vineberg LLP | 21 Jun 2016 | Service list · 21 Jun 2016 |
| CreditorMichael Kors | Goodmans LLP | 21 Jun 2016 | Service list · 21 Jun 2016 |
| CreditorPaysafe | Dentons Canada LLP | 24 Mar 2016 | Order · 24 Mar 2016 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | LONG ZONE HOLDINGS INC.large individual creditor balance | $6.1M | List of Creditors |
818 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings
Sale closed — All assets were sold pursuant to an order of the Court issued on May 24, 2016Report of the Monitor on the state of the Debtor’s affairs and the… · 15 Jun 2016
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 9721444 Canada Inc.substantially all the operating assets of the Debtor · asset sale · agreement 25 May 2016 | Subscribers | Closed25 May 2016 | Report of the Monitor on the state of the… |
Closing termsvesting occurs upon issuance of the Monitor's Certificate confirming execution, payment of the Purchase Price and satisfaction/waiver of closing conditionsApproval and Vesting Order – dated May 24, 2016
Sealed materialsPurchase Agreement and related Paysafe agreementApproval and Vesting Order – dated May 24, 2016
RecoveriesAs stated in the filings
Unsecured creditors: a distribution.Under the plan · sanctionedApplication for the Sanction of Petitioner’s amended Plan of Compromise… · 4 Aug 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Government Priority Claims described in Section 6(3) CCAA | — | paid in fullconditional | Under the plansanctionedper the debtor | Application for the Sanction of Petitioner’s amended Plan of Compromise… · 4 Aug 2016 |
| Unsecured | Affected Customers | — | a distributionconditional | Under the plansanctionedper the debtor | Application for the Sanction of Petitioner’s amended Plan of Compromise… · 4 Aug 2016 |
| Equity | — | — | no distribution | Under the plansanctionedper the court | Sanction Order · 15 Sep 2016 |
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.
2 stated figures across 3 outcomes, each sourcedSubscribe to view
Documents
49 filings
| Date | Document | File |
|---|---|---|
| Monitors Certificate – dated May 17, 2022 | PDF · Subscribers | |
Order extending Nunc Pro Tunc the Stay of Proceedings until May 8, 2017 – dated April 7, 2017
| PDF · Subscribers | |
| Application for the Issuance of an Order extending Non Pro Tunc the Stay of Proceedings – dated April 5, 2017 | PDF · Subscribers | |
| Order extending the Stay of Proceeding, until September 15, 2016 – dated August 5, 2016 | PDF · Subscribers | |
Sanction Order – dated September 15, 2016
| PDF · Subscribers | |
Application for the Sanction of Petitioner’s amended Plan of Compromise and to approve a Reorganization – dated August 4, 2016
| PDF · Subscribers | |
| Report of the Monitor for the Purpose of the Sanction of the Amended Plan of Compromise – dated August 4, 2016 | PDF · Subscribers | |
Updated Report of the Monitor on the State of the Debtor’s Affairs and the Plan of Arrangement – dated August 3, 2016
| PDF · Subscribers | |
| Instructions for completion of Form of Proxy and Vote | PDF · Subscribers | |
| Instructions to Creditors who wish to assert their Claims against 7098961 Canada Inc. (Formerly known as Beyond the Rack Enterprises Inc.) its Directors and/or Officers | PDF · Subscribers | |
Service List – dated June 21, 2016
| PDF · Subscribers | |
| Customers with Pre and Post-Filing Orders – dated June 17, 2016 | PDF · Subscribers | |
| Customers with Pre-Filing Orders only – dated June 17, 2016 | PDF · Subscribers | |
Amended Report of the Monitor on the State of the Debtor’s Affairs and the Amended Plan of Compromise June 15, 2016, amended on June 16, 2016 for paragraphs 34, 45 and 46 – dated June 16, 2016
| PDF · Subscribers | |
| Notice to Creditors – dated June 15, 2016 | PDF · Subscribers | |
Report of the Monitor on the state of the Debtor’s affairs and the Amended Plan of Compromise – dated June 15, 2016
| PDF · Subscribers | |
Amended Claims and Meeting Procedure Order – dated June 13, 2016
| PDF · Subscribers | |
Order extending the Stay of Proceedings – dated June 13, 2016
| PDF · Subscribers | |
| Voting Form-Proxy and Election Notice for Affected Creditors in the matter of the amended Plan of Compromise of 7098961 Canada Inc. (Formerly known as Beyond the Rack Enterprises Inc.) | PDF · Subscribers | |
| Application for the Issuance of an Amended Claims and Meeting Procedures Order – dated June 10, 2016 | PDF · Subscribers | |
Fifth Report of the Monitor on the State of the Debtor’s Financial Affairs – dated June 10, 2016
| PDF · Subscribers | |
Certificate of the Monitor – dated May 25, 2016
| PDF · Subscribers | |
Approval and Vesting Order – dated May 24, 2016
| PDF · Subscribers | |
Claims and Meeting Procedure Order – dated May 24, 2016
| PDF · Subscribers | |
Order extending the Stay of Proceedings – dated May 24, 2016
| PDF · Subscribers | |
| Application for the Issuance of (i) a Claims and Meeting Procedure Order, (ii) an Order approving an Asset Purchase Agreement and (iii) an Extension of the Stay of Proceedings – dated May 20, 2016 | PDF · Subscribers | |
| Application for the Issuance of an Order extending the Stay of Proceedings – dated May 20, 2016 | PDF · Subscribers | |
| Fourth Report of the Monitor on the State of the Debtor’s Financial Affairs – dated May 13, 2016 | PDF · Subscribers | |
Order extending the Stay of Proceedings – dated May 13, 2016
| PDF · Subscribers | |
| Motion for the Issuance of an Order extending the Stay of Proceedings – dated May 12, 2016 | PDF · Subscribers | |
| Third Report of the Monitor on the State of the Debtor’s Financial Affairs – dated May 10, 2016 | PDF · Subscribers | |
| Judgment on Motion for the Issuance of an Order extending the Stay of Proceedings, and Application for the Issuance of (i) Claims and Meeting Procedure Order (ii) Order approving an Asset Purchase Agreement and (iii) Order approving an Increase of the DIP Facility; and amended Application for Directions pertaining to the Unauthorized Compensation of Canceled pre-filing Orders by the Mis-en-cause Credit Cards settling Institutions – dated May 6, 2016 | PDF · Subscribers | |
| Amended Application for Directions pertaining to the unauthorized Compensation of Cancelled pre-filing Orders by the Mis-en-cause Credit Cards Settling Institutions – dated April 26, 2016 | PDF · Subscribers | |
Order extending the Stay of Proceedings until April 25, 2016 – dated April 20, 2016
| PDF · Subscribers | |
| Second Report of the Monitor on the State of the Debtor’s Financial Affairs – dated April 22, 2016 | PDF · Subscribers | |
| Affidavit of Yona Shtern – dated April 21, 2016 | PDF · Subscribers | |
| Application for the Issuance of (I) a Claims and Meeting Procedure Order (II) an Order approving an Asset Purchase Agreement and (III) an Order approving an Increase of the DIP Facility – dated April 21, 2016 | PDF · Subscribers | |
Minutes of Hearing (French version only) – dated April 20, 2016
| PDF · Subscribers | |
| First Report of the Monitor on the State of the Debtor’s Financial Affairs – dated April 19, 2016 | PDF · Subscribers | |
| Motion for the Issuance of an Order extending the Stay of Proceedings – dated April 13, 2016 | PDF · Subscribers | |
| Form 2 – Debtor Company Information Summary (commencement of Proceedings) – dated April 1, 2016 | PDF · Subscribers | |
| Mailing to Creditors – dated April 1, 2016 | PDF · Subscribers | |
Form 1 – Information pertaining to Initial Order – dated March 28, 2016
| PDF · Subscribers | |
Amended Plan of Compromise of 7098961 Canada Inc. (Formerly known as Beyond the Rack Enterprises Inc.)
| PDF · Subscribers | |
Initial order – dated March 24, 2016
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
Demand for Issuance of an initial order – dated March 23, 2016
| PDF · Subscribers | |
| Report of Richter Advisory Group Inc. – dated March 23, 2016 | PDF · Subscribers | |
List of Creditors
| 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., “7098961 Canada Inc (formerly Beyond The Rack Enterprises Inc.)” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/7098961-canada-inc