#Order
The Court approved the sale and investment solicitation process and the 2L holders' stalking horse bid, fixing a November 20, 2026 bid deadline and a December 2, 2026 auction if superior offers arrive.
A Parent Media Co. Inc and Kidoodle, Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c. B-3 (the "BIA"), and section 13(2) of the Judicature Act, RSA 2000, c. J-2, and section 65(7) of the Personal Property Security Act, RSA 2000, c. P-7
- File
- 2601-15777
OverviewSummary updated
A Parent Media Co. Inc. and Kidoodle, Inc. are before the Court of King's Bench of Alberta in insolvency proceedings. Dino DeLuca, as Holder Representative for Team Canada SSM LLC, TriWest Lower Mid-Market Fund I, L.P., Douglas G. Nyhoff, James R. Lites and Charla Kim Smith jointly, and Joseph M. DePinto, applied under section 243(1) of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act and section 65(7) of the Personal Property Security Act for the appointment of AlixPartners Restructuring Inc. as receiver. Bank of Montreal holds first-ranking security over all of A Parent Media's present and after-acquired personal property for approximately USD 3,800,000. The 2L holders, all directly or indirectly directors of the company, are owed USD 4,000,000 under a general security agreement dated June 29, 2026 that ranks behind the Bank; demand has been issued and an event of default declared. Holders of 3L notes are owed USD 27,375,000 in principal under a general security agreement of the same date, registered in priority to the 2L security.
Proceedings AIOpen Proceedings AI
Case updates13 dated entries · 2 undated
#Report
Receiver's First Report: collections of CAD 1,153,391 against disbursements of CAD 76,389 to October 9, 2026, leaving CAD 1,592,131 on hand, with a stalking-horse sale and investment solicitation process underway and no employees remaining.
#Filing
Notice of Application for Approval of SISP dated October 13, 2026 — Application / notice of application
#Order
Blackline of Template Receivership Order to proposed form of Receivership Order — Receivership order
#Filing
Dino DeLuca, as Holder Representative, applied in court file 2601-15777 to appoint AlixPartners Restructuring, Inc. receiver of A Parent Media Co. Inc. and Kidoodle, Inc. under section 243(1) of the Bankruptcy and Insolvency Act.
Undated filings2 — no date appears on the document · show
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AnalysisAll insights
Case update
Kidoodle: the lenders who brought the receivership are the stalking horse
AlixPartners' application, returnable October 20, seeks approval of a sale process with A Parent Media's second-lien noteholders, on whose behalf the receivership was sought, as stalking horse. They offer cash for the receiver's charges and other priority charges, at least US$2 million in cash on the bank's debt with the rest assumed, and a credit bid of their US$4 million note.
Case update
Kidoodle: the signed order, and a preliminary C$138.5 million creditor list
The receivership order Justice J.T. Neilson pronounced on September 3 kept the clause letting AlixPartners pay the Bank of Montreal, after an independent review of the bank's loan and security documents, without further court approval. The receiver's September 11 notice, on preliminary and unaudited figures, lists C$50,907,249 owed to secured creditors and C$87,640,829 to unsecured ones.
Filing brief
Kidoodle: the lenders are the directors, and nothing was missed but a signature
A Calgary company streaming children's television into 160 territories was put before the Court of King's Bench on September 3 by lenders who advanced US$2 million in June for US$4 million of principal — and who are, on the applicant's own sworn evidence, all directly or indirectly directors of the company. The default was not a missed payment. It was a subordination agreement never signed for the security the company had granted its third-lien noteholders, a group that includes four of the five lenders.
Parties
Debtor
A Parent Media Co. Inc and Kidoodle, Inc.
Receiver
AlixPartners
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Johnston | Court of King's Bench of Alberta | 1 order, Oct 2026 | 55 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantDino Deluca | Bennett Jones LLP | 4 Sep 2026 | Service list · 4 Sep 2026 |
| CreditorBank of Montreal | Lawson Lundell LLP | 4 Sep 2026 | Service list · 4 Sep 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Gestion Chamarin Inc.PPSA (Alberta) registration; Receiver makes no acknowledgment of amount or security claimed — Balance provided by the Companies; preliminary · as of 3 Sep 2026 | $16.1M | Notice and Statement of the Receiver dated September 11, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
415 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 plansSale processAs stated in the filings
Sale process approved — Court approved the SISP and the Stalking Horse LOI as the stalking horse bid; no sale approved or completed.SISP Approval Order dated October 20, 2026 · 20 Oct 2026
Stalking horse
the 2L Holders (Dino DeLuca, as Holder Representative), directly or through a newly incorporated company
| Purchaser | Price | Status | Source |
|---|---|---|---|
| the holders of the 2L NoteStalking horseassets of Kidoodle and the purchased assets of APMC under the Stalking Horse LOI, including accounts receivable, the live and on-demand streaming platform and the programmatic advertising stack · asset sale · nominee/assignee: a newly incorporated company (directly or indirectly) · agreement 13 Oct 2026 | Subscribers | Proposedoutside 21 Dec 2026 | First Report of the Receiver dated October 13,… |
Estate financialsReported figures — never derived
Total assets at filing
As at ·
Cumulative receipts
$1.15M
As at 13 Oct 2026First Report of the Receiver dated October 13, 2026
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
15 filings
| Date | Document | File |
|---|---|---|
SISP Approval Order dated October 20, 2026
| PDF · Subscribers | |
First Report of the Receiver dated October 13, 2026
| PDF · Subscribers | |
Notice of Application for Approval of SISP dated October 13, 2026
| PDF · Subscribers | |
| Service list as at September 14, 2026 | PDF · Subscribers | |
Notice and Statement of the Receiver dated September 11, 2026
| PDF · Subscribers | |
Receivership Order filed September 8, 2026
| PDF · Subscribers | |
| Consent to Act as Receiver dated September 4, 2026 | PDF · Subscribers | |
Service list as at September 4, 2026
| PDF · Subscribers | |
| Blackline of Template Receivership Order to proposed form of Receivership Order | PDF · Subscribers | |
Letter to Justice Neilson dated August 31, 2026
| PDF · Subscribers | |
Originating Application filed August 31, 2026
| PDF · Subscribers | |
Affidavit of Dino DeLuca sworn on August 29, 2026
| PDF · Subscribers | |
Letter to Service List dated August 26, 2026
| PDF · Subscribers | |
SISP
| PDF · Subscribers | |
SISP Teaser
| 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., “A Parent Media Co. Inc and Kidoodle, Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/a-parent-media-co-inc-and-kidoodle-inc