#Filing
Motion Record - Receiver - The Fuller Landau Group Inc. - 26-JUN-2025(10757574.1) — Application / notice of application
BANCROFT BARGAIN BARN LIMITED and 1953144 ONTARIO INC.
FollowActive
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-25-00000085-0000
Filings held7
Last activity26 Jun 2025
On the record524 days
Secured debt$940K
OverviewSummary updated
Bancroft Bargain Barn Limited and 1953144 Ontario Inc. were placed in receivership on 15 April 2025, when the Ontario Superior Court of Justice appointed The Fuller Landau Group Inc. as receiver on the application of the Royal Bank of Canada under section 243 of the Bankruptcy and Insolvency Act (court file CV-25-00000085-0000). The Royal Bank of Canada held secured claims of $940,125.06 against Bancroft Bargain Barn Limited and $581,999.02 against 1953144 Ontario Inc. The Canada Revenue Agency asserted a deemed-trust priority of approximately $700,000 for HST. Accounts payable to unsecured creditors were reported at $781,486.04. The proceeding remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates7 dated entries
#Order
Ancillary Order by Justice Muszynski -15-APR-2025(10550046.1) was filed. Court file CV-25-00000085-0000.
Source: Ancillary Order by Justice Muszynski -15-APR-2025(10550046.1)
#Report
The officer filed report no. Supplement to the First Report. The Receiver is pursuing an en-bloc sale or retail liquidation of the Debtors' inventory, vehicles, and equipment through an amended Platinum auction proposal, seeking court approval to proceed.
#Filing
The Royal Bank of Canada issued its notice of motion for the appointment of a receiver on 4 April 2025.
Source: Motion Record - Receiver - The Fuller Landau Group Inc. - 4-APR-2025
#Report
Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025 — Court officer report
Parties
Debtor
BANCROFT BARGAIN BARN LIMITED and 1953144 ONTARIO INC.
Receiver
Fuller Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Muszynski | Ontario Superior Court of Justice | 1 order, Apr 2025 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Fogler, Rubinoff LLP | 4 Mar 2025 | Order · 4 Mar 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesDeemed trust / priority payable for HST; approximate figure acknowledged by Debtors and Guarantors as of April 9, 2024; Receiver has not received documentation to confirm quantum as of Appointment Order date and does not have breakdown by Debtor — debtor: Bancroft Bargain Barn Limited and 1953144 Ontario Inc. · as of 9 Apr 2024 | $700K | Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025 |
| 4 | Secured | Royal Bank of Canada · in 556 casesBancroft Credit Agreement (credit facilities letter agreement dated November 15, 2022 and RBC Credit Agreement – Standard Terms); Bancroft Visa Agreement dated November 16, 2022 — debtor: Bancroft Bargain Barn Limited | $940K | Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025 |
| 4 | Secured | Royal Bank of Canada · in 556 cases195 Credit Agreement (credit facilities letter agreement dated August 22, 2022 and RBC Credit Agreement – Standard Terms); 195 Visa Agreement dated January 24, 2017 — PPSA search on 195 (dated February 9, 2025) shows two registrations in favour of RBC — debtor: 1953144 Ontario Inc. | $582K | Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025 |
| 4 | Secured | Toyota Industries Commercial Finance Canada Inc. · in 4 casesPPSA registration (search dated February 9, 2025); amount not stated — debtor: 1953144 Ontario Inc. | — | Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025 |
| 4 | Secured | His Majesty In Right Of Ontario Represented By The Ministry Of FinancePPSA registration (search dated February 9, 2025); amount not stated — Provincial (Ministry of Finance) secured registration — debtor: 1953144 Ontario Inc. | — | Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025 |
| 4 | Secured | Business Development Bank of Canada · in 241 casesPPSA registration (search dated February 9, 2025); amount not stated — debtor: 1953144 Ontario Inc. | — | Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025 |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDocument names no individual creditors; Receiver does not have breakdown of amounts owed by each Debtor and will request this information from the Debtors — debtor: Bancroft Bargain Barn Limited and 1953144 Ontario Inc. · as of 4 Mar 2025 | $781K | Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
2 transactions · 1 proposed · 1 approved — the Sale, as contemplated by the revised Auction Proposal hereby approved, and the execution of the Auction Agreement or En Bloc Sale Agreement by the Receiver with Platinum is hereby authorized and approvedApproval Order by Justice Muszynski -15-APR-2025(10550044.1) · 15 Apr 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| unnamed en-bloc offeror for all inventory, vehicles and equipment, offer via Platinumall of Bancroft and 195's inventory vehicles and equipment (the 'Assets') · asset sale | SealedDetails of the en-bloc offer amount and commission are contained in the sealed Revised Auction Proposal (Confidential Appendix 1). | Proposed | Receiver's Supplement to the First Report -… |
| purchasers at the Auction or the En Bloc Sale, unnamedthe Debtors' right, title and interest in and to the Applicant assets described in the Auction Agreement (the "Assets") · auction | not stated | Approved15 Apr 2025 | Approval Order by Justice Muszynski… |
AdvisorsPlatinum Asset Services Inc. (auctioneer)Approval Order by Justice Muszynski -15-APR-2025(10550044.1)
Closing termsvesting occurs upon delivery of a receipt for payment in full by the Auctioneer to any PurchaserApproval Order by Justice Muszynski -15-APR-2025(10550044.1)
Fees and ratesAs stated in the filings
1 engagement · 1 firm — Harrison Pensa LLP, 30 Jan – 17 Jun 2025Motion Record - Receiver - The Fuller Landau Group Inc. -… · 26 Jun 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Harrison Pensa LLPCounsel | 30 Jan – 17 Jun 2025 | — | — | $363.33stated average | Motion Record - Receiver - The Fuller Landau Group Inc. -… · 26 Jun 2025 |
Documents7 filings
| Date | Document | File |
|---|---|---|
Motion Record - Receiver - The Fuller Landau Group Inc. - 26-JUN-2025(10757574.1)
| ||
Ancillary Order by Justice Muszynski -15-APR-2025(10550046.1)
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Approval Order by Justice Muszynski -15-APR-2025(10550044.1)
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Receiver's Supplement to the First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc dated April 10, 2025
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Motion Record - Receiver - The Fuller Landau Group Inc. - 4-APR-2025
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Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025
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25-03-04 - RBC v. Bancroft Bargain - Order
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “BANCROFT BARGAIN BARN LIMITED and 1953144 ONTARIO INC.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/bancroft-bargain-barn-limited-and-1953144-ontario-inc