#Order
Receivership order granted Monday, March 10, 2025, opening the Ontario proceeding in respect of Amscan Canada Inc. under court file CV-25-00737796-00CL.
Amscan Canada Inc. (previously known as Party City Canada Inc.)
ActiveFollow
- Proceeding
- Winding-up (provincial)section 207 of the Business Corporations Act, R.S.O. 1990, c. B.16, as amended
- File
- CV-25-00737796-00CL
Filings held5
Last activity10 Mar 2025
On the record617 days
OverviewSummary updated
Amscan Canada Inc., previously known as Party City Canada Inc., is being wound up in the Ontario Superior Court of Justice (Commercial List) under section 207 of Ontario's Business Corporations Act, court file CV-25-00737796-00CL, and the proceeding remains active. The company brought the application itself by notice dated February 26, 2025, and Albert Gelman Inc. is its liquidator. The ABL Agent of its parent, Party City Holdings Inc., instituted a $50 million discretionary reserve, the parent went into default on December 10, 2024, and a forbearance agreement required it to file Case No. 24-90621 by December 22, 2024.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIOpen Proceedings AI
Case updates5 dated entries
Parties
Debtor
Amscan Canada Inc. (previously known as Party City Canada Inc.)
Liquidator
Albert Gelman
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | JPMorgan Chase Bank, N.A. (as Administrative Agent and Collateral Agent)ABL Credit Agreement dated August 19, 2015 (as amended) among PC Intermediate Holdings, Inc., Party City Holdings Inc., Party City Corporation, lenders and guarantors - revolving facility limit/balance not stated — From board resolutions attached to PC Holdings' 2023 U.S. Chapter 11 petition (Case No. 23-90009), an exhibit to the Trolaro Affidavit; this is a creditor of the parent/sole shareholder Party City Holdings Inc., not of Amscan Canada Inc. (related party - parent) — debtor: Party City Holdings Inc. · as of 17 Jan 2023 | — | Application Record |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
33 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 plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Documents5 filings
| Date | Document | File |
|---|---|---|
Claim Process Order dated March 10, 2025
| PDF · Subscribers | |
Endorsement of Justice Kimmel dated March 10, 2025
| PDF · Subscribers | |
Liquidator Appointment Order dated March 10, 2025
| PDF · Subscribers | |
| Proof of Claim Document Package | PDF · Subscribers | |
Application Record
| 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., “Amscan Canada Inc. (previously known as Party City Canada Inc.)” (Winding-up (provincial)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/amscan-canada-inc-previously-known-as-party-city-canada-inc