#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
- Industry
- Retail · Home, furniture & electronics retail
Filings held7
Last activity26 Jun 2025
On the record569 days
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 AIOpen Proceedings AI
Case updates7 dated entries
#Sale
The court granted an approval and vesting order for the sale to the Debtors' right, title and interest in and to the Applicant assets described in the Auction Agreement (the "Assets"). Closing terms, as extracted: vesting occurs upon delivery of a receipt for payment in full by the Auctioneer to any Purchaser.
Source: Approval Order by Justice Muszynski -15-APR-2025(10550044.1)
#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
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 | 2 orders, Apr 2025 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | Harrison Pensa LLP | 15 Apr 2025 | Order · 15 Apr 2025 |
| 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 985 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 | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
6 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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 | Subscribers | 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 | — | — | Motion Record - Receiver - The Fuller Landau Group Inc. -… · 26 Jun 2025 |
1 blurred figure above
What the firm billed — each as the filing states it, with its source.
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See all plansDocuments7 filings
| Date | Document | File |
|---|---|---|
Motion Record - Receiver - The Fuller Landau Group Inc. - 26-JUN-2025(10757574.1)
| PDF · Subscribers | |
Ancillary Order by Justice Muszynski -15-APR-2025(10550046.1)
| PDF · Subscribers | |
Approval Order by Justice Muszynski -15-APR-2025(10550044.1)
| PDF · Subscribers | |
Receiver's Supplement to the First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc dated April 10, 2025
| PDF · Subscribers | |
Motion Record - Receiver - The Fuller Landau Group Inc. - 4-APR-2025
| PDF · Subscribers | |
Receiver's First Report - Bancroft Bargain Barn Limited and 1953144 Ontario Inc. dated April 4, 2025
| PDF · Subscribers | |
25-03-04 - RBC v. Bancroft Bargain - Order
| 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., “BANCROFT BARGAIN BARN LIMITED and 1953144 ONTARIO INC.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/bancroft-bargain-barn-limited-and-1953144-ontario-inc