Anderson Merchandisers-Canada, Inc.
- Proceeding
- ProposalSection 50(5) of the Bankruptcy and Insolvency Act (Canada)
- File
- 31-2394131
Anderson Merchandisers-Canada, Inc. commenced Division I proposal proceedings on October 5, 2018 under section 50(5) of the Bankruptcy and Insolvency Act, in the Ontario Superior Court of Justice (Commercial List) under court file no. 31-2394131, with Grant Thornton Limited as proposal trustee. The Statement of Affairs (Business Proposal) as at that date reports total assets of $5,139,347.64 against total liabilities of $16,512,514.34 and a stated deficiency of $11,373,166.70, with no surplus. The principal secured creditor is Anderson Media Corporation, a related parent or affiliated corporation, whose claim of $12,890,348.34 is secured against cash, motor vehicles, a landlord deposit and receivables from Wal-Mart Canada and other customers, leaving a balance of $7,751,000.70. Employee claims of $2,000,000 and a Canada Revenue Agency deemed trust claim of $375,000 are listed among unsecured creditors. The proceeding is active.
A claims procedure has been established — see the order for deadlines.
Motion Record for Approval of Proposal returnable November 22, 2018.pdf — Application / notice of application
Notice of the Meeting of Creditors required by paragraph 51(1)(1) of the Act.pdf — Notice to creditors
Statement of Affairs and the list of Creditors with potential claims over $250 was filed. Court file 31-2394131.
Source: Statement of Affairs and the list of Creditors with potential claims over $250
Anderson Canada's filing put its Statement of Affairs on the record, listing assets of $5,139,347.64, liabilities of $16,512,514.34 and secured, employee, tax and trade creditors.
Source: Instructions sur la façon de completer les formulaires requis
Statement of Affairs and the list of Creditors with potential claims over $250.pdf — Statement of affairs
The court granted an approval and vesting order for the sale to Musique Select Inc. Closing terms, as extracted: Vesting effective upon delivery of the Proposal Trustee's Certificate confirming acceptance of the Transferred Assets, satisfaction/waiver of conditions to closing, and completion of the transaction.
Source: Inventory Transfer Approval and Vesting Order (Musique Select Inc.) - August 20, 2018.pdf
The court granted an approval and vesting order for the sale to Sony Music Entertainment Canada Inc. Closing terms, as extracted: Vesting effective upon delivery of Proposal Trustee's Certificate confirming acceptance and satisfaction of Closing conditions.
The court granted an approval and vesting order for the sale to Universal Music Canada Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Certificate confirming acceptance, satisfaction/waiver of closing conditions, and completion of the transfer.
Source: Inventory Transfer Approval and Vesting Order (Universal Music Canada) - August 20, 2018.pdf
The court granted an approval and vesting order for the sale to Warner Music Canada Co. Closing terms, as extracted: vesting occurs upon delivery of the Proposal Trustee's Certificate confirming completion of the Transaction.
Source: Inventory Transfer Approval and Vesting Order (Warner Music Canada Co.) - August 20, 2018.pdf
Supplement to the Trustee's Second Report to Court dated August 17, 2018....pdf — Court officer report
Supplementary Motion Record returnable August 20, 2018.pdf — Application / notice of application
Undated filings5 — no date appears on the document · show
Debtor
Anderson Merchandisers-Canada, Inc.
Proposal trustee
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 4 orders, Aug 2018 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeDoane Grant Thornton | Brauti Thorning Zibarras LLP | 21 Nov 2018 | Factum · 21 Nov 2018 |
| DebtorAnderson Merchandisers-Canada, Inc. | Cassels Brock & Blackwell LLP | 24 Jul 2018 | Order · 20 Aug 2018 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Anderson Media CorporationCash on hand (Bank of America chequing), debts due from Wal-Mart Canada, landlord deposit, motor vehicles, debts due from Newell Brands, Pioneer Balloon Canada, KABOOM Fireworks Inc., Google Inc., J. Sonic Services Inc.; total amount of claim stated as $12,890,348.34 with estimated security value $5,139,347.64 leaving balance of claim $7,751,000.70 — Related party - parent/affiliated corporation (Anderson Media Corporation) acting as secured creditor; amount of claim (12,890,348.34) is not the balance, balance of claim per List B is 7,751,000.70 — debtor: Anderson Merchandisers-Canada, Inc. · as of 5 Oct 2018 | $7.75M | Statement of Affairs and the list of Creditors with potential claims over $250 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
51 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 plans6 transactions · 4 approved · 1 proposed · 1 closed — Vehicles being marketed for sale via auctioneer, realization proceeds estimated but not yet finalizedTrustee’s Report on the Proposal.pdf · 5 Oct 2018
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Musique Select Inc.Anderson Canada's right, title and interest in and to the Transferred Assets · asset sale · agreement 17 Aug 2018 | Subscribers | Approved20 Aug 2018 | Inventory Transfer Approval and Vesting Order… |
| Sony Music Entertainment Canada Inc.Anderson Canada's right, title and interest in and to the Transferred Assets · asset sale · agreement 17 Aug 2018 | Subscribers | Approved20 Aug 2018 | Inventory Transfer Approval and Vesting Order… |
| Universal Music Canada Inc.Anderson Canada's right, title and interest in and to the Transferred Assets · asset sale · agreement 17 Aug 2018 | Subscribers | Approved20 Aug 2018 | Inventory Transfer Approval and Vesting Order… |
| Warner Music Canada Co.Anderson Canada's right, title and interest in and to the Transferred Assets · asset sale · agreement 17 Aug 2018 | Subscribers | Approved20 Aug 2018 | Inventory Transfer Approval and Vesting Order… |
| Vehicles being sold via specialized vehicle auctioneer; some former employees offered to purchase vehicles in their possessionthe Vehicles · auction | Subscribers | Proposed | Trustee’s Report on the Proposal |
| Music Labels who accepted return of inventory under Asset Transfer AgreementsBusiness Assets and Inventory transferred under the ATAs · asset sale | Subscribers | Closeddate not stated | Trustee’s Report on the Proposal |
Unsecured creditors: paid in full.Under the plan · implementedThe Proposal .pdf · 5 Oct 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the planimplementedper the debtor | The Proposal · 5 Oct 2018 |
| Unsecured | remaining Unsecured Creditors | — | paid in full | Under the planimplementedper the debtor | The Proposal .pdf · 5 Oct 2018 |
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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Certificate of Full Performance of Proposal (Form 46) | PDF · Subscribers | |
| Court Order - November 22, 2018.pdf | PDF · Subscribers | |
| Endorsement - November 22, 2018.pdf | PDF · Subscribers | |
| Book of Authorities (Approval of Proposal) - November 21, 2018.pdf | PDF · Subscribers | |
Factum (Approval of Proposal) - November 21, 2018.pdf
| PDF · Subscribers | |
| Motion Record for Approval of Proposal returnable November 22, 2018.pdf | PDF · Subscribers | |
| Trustee's Third Report to Court dated November 16, 2018.pdf | PDF · Subscribers | |
| Formulaire 92 - Avis de la proposition aux creanciers.pdf | PDF · Subscribers | |
| Notice of the Meeting of Creditors required by paragraph 51(1)(1) of the Act.pdf | PDF · Subscribers | |
| Certificate of Filing of a Proposal (paragraph 62 of the Act) | PDF · Subscribers | |
| Instructions on completing the required forms.pdf | PDF · Subscribers | |
Instructions sur la façon de completer les formulaires requis
| PDF · Subscribers | |
The Proposal
| PDF · Subscribers | |
Trustee’s Report on the Proposal.pdf
| PDF · Subscribers | |
| Statement of Affairs and the list of Creditors with potential claims over $250.pdf | PDF · Subscribers | |
| Endorsement - August 20, 2018.pdf | PDF · Subscribers | |
Inventory Transfer Approval and Vesting Order (Musique Select Inc.) - August 20, 2018.pdf
| PDF · Subscribers | |
Inventory Transfer Approval and Vesting Order (Sony Music Entertainment Canada) - August 20, 2018.pdf
| PDF · Subscribers | |
Inventory Transfer Approval and Vesting Order (Universal Music Canada) - August 20, 2018.pdf
| PDF · Subscribers | |
Inventory Transfer Approval and Vesting Order (Warner Music Canada Co.) - August 20, 2018.pdf
| PDF · Subscribers | |
Stay Extension and Approval Order - August 20, 2018.pdf
| PDF · Subscribers | |
Supplement to the Trustee's Second Report to Court dated August 17, 2018....pdf
| PDF · Subscribers | |
| Supplementary Motion Record returnable August 20, 2018.pdf | PDF · Subscribers | |
| Trustee's Second Report to Court dated August 16, 2018.pdf | PDF · Subscribers | |
| Motion Record returnable August 20, 2018.pdf | PDF · Subscribers | |
| Email Service List dated August 3, 2018.docx | PDF · Subscribers | |
| Service List dated August 3, 2018.docx | PDF · Subscribers | |
Order of Justice McEwen (First Stay Extension) - July 24, 2018.pdf
| PDF · Subscribers | |
| Trustee's First Report to Court dated July 20, 2018.pdf | PDF · Subscribers | |
| Frequently Asked Questions dated July 19, 2018.pdf | PDF · Subscribers | |
Motion Record returnable July 24, 2018.pdf
| PDF · Subscribers | |
| Formulaire 31 - Preuve de réclamation.pdf | PDF · Subscribers | |
| Formulaire 36 - Formulare de procuration.pdf | PDF · Subscribers | |
| Formulaire 37 -Formulaire de votation.pdf | PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
| Proxy Form.pdf | PDF · Subscribers | |
| Voting Letter.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., “Anderson Merchandisers-Canada, Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/anderson-merchandisers-canada-inc