Barrymore Furniture Co. Ltd.
- Proceeding
- NOIBIA s. 50.4
- File
- 31-2590450
- Industry
- Manufacturing · Textiles, apparel & furniture
Barrymore Furniture Co. Ltd. filed a notice of intention to make a proposal under s. 50.4 of the BIA on November 29, 2019, under court file 31-2590450 in the Ontario Superior Court of Justice (in Bankruptcy & Insolvency) [Commercial List]. The NOI creditor list as at that date puts secured claims at $4,279,290.00 in aggregate. HSBC Bank Canada, the senior secured and operating lender, is owed approximately $3.744 million as at December 4, 2019, with the Business Development Bank of Canada owed $548,451.36 for principal and interest plus costs on security it postponed and subordinated to HSBC under an October 24, 2018 priority agreement. Unsecured exposure includes approximately $961,000 to trade creditors, $1,679,000 to the Sandra and Tom Callahan Family Trust, $300,000 in customer deposits for undelivered goods and $300,000 in Class A shareholder debentures.
Debtor
Barrymore Furniture Co. Ltd.
Proposal trustee
A. Farber & Partners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Hainey | Ontario Superior Court of Justice | 1 order, Jan 2020 | 211 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeA. Farber & Partners | Chaitons LLP | 21 Jan 2020 | Application · 20 Jan 2020 |
| DebtorBarrymore Furniture Co. Ltd. | Loopstra Nixon LLP | 9 Dec 2019 | Order · 9 Dec 2019 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | HSBC Bank Canada · in 55 casesas of date of this Report (December 4, 2019) — General security agreement dated October 24, 2018; demand operating revolving loan facility with maximum principal amount of $3,250,000 (HSBC Credit Facilities, several credit facilities) — Senior secured and operating lender; approximate amount stated as $3.744 million; NOI creditor list (as at Nov 29, 2019) states secured claims totalling $4,279,290.00 in aggregate across all secured creditors, not attributable solely to HSBC — debtor: Barrymore Furniture Co. Ltd. | $3.74M | First Report of the Proposal Trustee |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
13 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 plansUnsecured creditors: no distribution. HSBC Bank Canada short.EstimatedMotion Record · 21 Jan 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | HSBC Bank Canada | — | shortfall | Estimatedper the trustee | Motion Record · 21 Jan 2020 |
| Preferred | Revenue Canada and Revenue Ontario | — | paid in full | per the trustee | Book of Authorities · 15 Mar 1995 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Motion Record · 21 Jan 2020 |
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 |
|---|---|---|
Creditors Package – Notice of Bankruptcy
| PDF · Subscribers | |
Motion Record (returnable January 21, 2020)
| PDF · Subscribers | |
Order of Justice Hainey
| PDF · Subscribers | |
Book of Authorities (returnable January 21, 2020)
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
| Factum (returnable January 21, 2020) | PDF · Subscribers | |
Notice of Material Adverse Change
| PDF · Subscribers | |
Order of Justice McEwen (Extension Order)
| PDF · Subscribers | |
Motion Record (returnable December 9, 2019)
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
Creditors Package – Notice of Intention to Make a Proposal
| PDF · Subscribers | |
Teaser
| 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., “Barrymore Furniture Co. Ltd.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/barrymore-furniture-co-ltd