Almadi Enterprises Inc. – Bankruptcy
- Proceeding
- Bankruptcysection 43(9) of the Bankruptcy and Insolvency Act
- File
- 31-OR-207939-T
- Industry
- Retail · Vehicle dealers
Almadi Enterprises Inc. was placed into bankruptcy on 7 June 2013 on the application of Ally Credit Canada Limited to the Ontario Superior Court of Justice, with The Fuller Landau Group Inc. as trustee (court files 31-457432 and 31-OR-207939-T). Royal Bank of Canada, as assignee of Ally Credit Canada Limited, filed a secured claim of $1,419,642.75, valuing its security at $750,000. National Bank of Canada held security including $100,000 on deposit under a 2010 set-off agreement. The trustee received claims from twelve unsecured creditors totalling $1,493,124.90. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
A bankruptcy order was made on 7 June 2013 on the application of Ally Credit Canada Limited, with The Fuller Landau Group Inc. appointed trustee.
Source: almadi - bankruptcy order.pdf
Undated filings2 — no date appears on the document · show
almadi - report to first meeting of creditors.pdf — Court officer report filed
Debtor
Almadi Enterprises Inc. – Bankruptcy
Trustee in bankruptcy
Fuller Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Brown | Ontario Superior Court of Justice | 1 order, Feb 2014 | 43 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyFuller Landau | Aird & Berlis LLP | 13 Feb 2014 | Order · 13 Feb 2014 |
| Applicant | Bennett Best Burn LLP | 7 Jun 2013 | Order · 7 Jun 2013 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (as assignee of Ally Credit Canada Limited) · in 584 casesas of proof of claim filing — Floorplan financing security assigned by Ally to RBC effective February 1, 2013 (beneficial interest) and May 8, 2013 (legal interest); security valued by RBC at $750,000 — RBC filed claim with Trustee claiming total indebtedness of $1,419,642.75 and valuing its security at $750,000; assumed by assignment from Ally Credit Canada Limited — debtor: Almadi Enterprises Inc. | $1.42M | almadi - 1st trustee report.pdf |
| 4 | Secured | |||
| 8 | Unsecured |
2 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 approved — the Trustee be and is hereby authorized to accept the offer of $65,000.00 from the Royal Bank of Canada for the sale of its interest in the AEl Actionalmadi - feb 13 2014 sale approval order.pdf · 13 Feb 2014
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Royal Bank of Canadathe sale of its interest in the AEl Action · asset sale | Subscribers | Approved13 Feb 2014 | almadi - feb 13 2014 sale approval order.pdf |
Unsecured creditors: no distribution. Ally short.Estimatedalmadi - report to first meeting of creditors.pdf · 9 Jul 2013
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Ally | — | shortfall | Estimatedper the trustee | almadi - report to first meeting of creditors.pdf · 9 Jul 2013 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | almadi - report to first meeting of creditors.pdf · 9 Jul 2013 |
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.
| Date | Document | File |
|---|---|---|
almadi - feb 13 2014 sale approval order.pdf
| PDF · Subscribers | |
almadi - 2nd trustee report.pdf
| PDF · Subscribers | |
almadi - 1st trustee report.pdf
| PDF · Subscribers | |
almadi - certificate of appointment.pdf
| PDF · Subscribers | |
| almadi - statement of affairs.pdf | PDF · Subscribers | |
almadi - bankruptcy order.pdf
| PDF · Subscribers | |
| almadi - proof of claim and proxy.pdf | PDF · Subscribers | |
almadi - report to first meeting of creditors.pdf
| 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., “Almadi Enterprises Inc. – Bankruptcy” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/almadi-enterprises-inc-bankruptcy