Proceedings.

Best Made Toys International, ULC, Best Made Toys LLC, Best Made Toys Global Enterprises Limited and Best Made Toys Holding LLC

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Closed
Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Ontario Superior Court of Justice
File
CV-19-00618506-00CL
Filings held18
Last activity21 Dec 2022
On the record2,706 days
OverviewSummary updated

Best Made Toys International, ULC, together with Best Made Toys LLC, Best Made Toys Global Enterprises Limited and Best Made Toys Holding LLC, was placed in court-appointed receivership on April 25, 2019 in the Ontario Superior Court of Justice (Commercial List) under file CV-19-00618506-00CL, in proceedings brought by Bank of Montreal under section 243 of the BIA and provincial Judicature Act authority. The receivership is closed. A Form 78 Statement of Affairs for the ULC alone, sworn December 19, 2019 by DRI as Receiver and Manager, reported liabilities of $41,456,447.87 against assets of $3,799,171.56, consisting of $3,552,942.56 in cash and $246,229.00 in good accounts receivable, leaving a deficiency of $37,657,276.31. Bank of Montreal's secured position carried an unsecured shortfall of $17,449,485.44. A bankruptcy assignment for the ULC was filed December 20, 2019, with Deloitte Restructuring Inc. as trustee, Estate No. 31-2599042.

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Case updates18 dated entries
Parties

Debtor

Best Made Toys International, ULC, Best Made Toys LLC, Best Made Toys Global Enterprises Limited and Best Made Toys Holding LLC

Receiver

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice KoehnenOntario Superior Court of Justice3 orders, Jul 202073 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorBest Made Toys International, ULC, Best Made Toys LLC, Best Made Toys Global Enterprises Limited and Best Made Toys Holding LLCGoodmans LLP18 Apr 2019Service list · 18 Apr 2019
RecoveriesAs stated in the filings

Unsecured creditors: no distribution. BMO short.First Report of the Receiver .pdf · 22 Jul 2020

ClassCreditorClaimsRecoveryBasisSource
SecuredBMO—shortfallEstimatedper the receiverFirst Report of the Receiver .pdf · 22 Jul 2020
Unsecured——no distributionper the receiverFirst Report of the Receiver .pdf · 22 Jul 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.

Fees and ratesAs stated in the filings

1 engagement · 1 firm — Dentons Canada LLP, 17 Apr 2019 – 20 Jul 2020, $134,642.50 in feesFirst Report of the Receiver .pdf · 22 Jul 2020

FirmPeriodHoursFeesRatesSource
Dentons Canada LLPCounsel to the receiver17 Apr 2019 – 20 Jul 2020—$134,642.50ex. tax$200 – $9509 peopleFirst Report of the Receiver .pdf · 22 Jul 2020
9 people — Dentons Canada LLP, 17 Apr 2019 – 20 Jul 2020
NameYear of callHoursRateFees
Yves St-Cyr2011—$9502019—
Manon Jubinville1987—$7502019—
Robert Kennedy2002—$7252019—
Kori Williams2008—$6802019—
Kim Lawton2012—$5752019—
Mark Freake2013—$5602019—
Danijel Augustinovic2015—$5052019—
Jonathan MeyerArticling Student—$2702019—
Rennie AliLaw Clerk—$2002019—

Top rate $950 · 69th percentile of counsel rates, 2020 · of 27

Estate financialsReported figures — never derived
Total assets at filing$3.8M
Total liabilities at filing$41.5M

As at 19 Dec 2019 · per Form 78 Statement of Affairs of Best Made Toys International, ULC, sworn December 19, 2019 by DRI as Receiver & Manager (bankruptcy assignment filed December 20, 2019; Deloitte Restructuring Inc. trustee, Estate No. 31-2599042). Contained in the creditor package attached as an exhibit to the Receiver's Report of December 10, 2020. · Best Made Toys International, ULC (entity level). The receivership (CV-19-00618506-00CL, BMO v. Best Made Toys International ULC and affiliates) covers the wider group; this sworn statement is for the ULC alone. — Liabilities $41,456,447.87: unsecured creditors as per List “A” $20,206,276.87; balance of secured claims as per List “B” $17,449,485.44 (total unsecured $37,655,762.31); secured creditors as per List “B” $3,799,171.56; preferred creditors as per List “C” $1,514.00; contingent or other liabilities $0. Assets $3,799,171.56: accounts receivable (good) $246,229.00; cash $3,552,942.56. Deficiency $37,657,276.31; surplus NIL. Bank of Montreal's row on List “A” shows unsecured claim $0.00 with balance of claim $17,449,485.44 — the unsecured shortfall of its secured position. List “A” itemizes roughl

Documents
18 filings
DateDocumentFile
Discharge Certificate .PDFPDF
Distribution and Discharge Order - Koehnen, J. .pdf
  • Presiding officer Justice Koehnen
PDF
Distribution and Discharge Order - entered version - Koehnen, J. .pdf
  • Presiding officer Justice Koehnen
PDF
Endorsement - Koehnen, J. .pdf
  • Presiding officer Justice Markus
PDF
Motion Record of the Receiver - returnable July 28, 2020.pdfPDF
First Report of the Receiver .pdf
  • Fee schedule Engagements: Form: invoice_listing · Rows: Manon Jubinville; Robert Kennedy; Kori Williams; Yves St-Cyr; Kim Lawton; Mark Freake; Danijel Augustinovic; Jonathan Meyer; Rennie Ali · Money: Tax: $22.1K · Label: HST · Quote: HST in the amount of CAD22,125.83 · Fees: $135K · Quote: The total fees of Dentons, in its capacity as counsel to the Receiver, during the period from April 17, 2019 to July 20, 2020 total CAD134,642.50 · Total: $192K · Quote: totalling CAD192,324.48 · includes tax · includes disbursements · Approximate: false · Disbursements: $35.6K · Quote: expenses and disbursements in the sum of CAD35,556.15 · Period: End: 2020-07-20 · Kind: invoice · Label: Fee Period · Quote: The Dentons fees and disbursements for the period of April 17, 2019 to July 20, 2020 Fee Period · Start: 2019-04-17 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: total CAD134,642.50, together with expenses and disbursements in the sum of CAD35,556.15 and HST in the amount of CAD22,125.83 · Invoices: · Firm text: Dentons Canada LLP · Firm quote: The total fees of Dentons, in its capacity as counsel to the Receiver · Context quote: The total fees of Dentons, in its capacity as counsel to the Receiver, during the period from April 17, 2019 to July 20, 2020 total CAD134,642.50, together with expenses and disbursements in the sum of CAD35,556.15 and HST in the amount of CAD22,125.83, totalling CAD192,324.48
  • Recovery outcome Entries: per estimated; per unstated · Stated on: 2020-07-22 · Table missing:
PDF
S.246 Report for the period April 27, 2020 to October 27, 2020.pdfPDF
Creditor Package .pdf
  • Recovery outcome Entries: per estimated; per unstated · Stated on: 2019-12-20 · Table missing:
PDF
S.246 Report for the period October 26, 2019 to April 26, 2020.pdf
  • Financial position Assets $3.8M · Liabilities $41.5M · as at 19 Dec 2019 · per Form 78 Statement of Affairs of Best Made Toys International, ULC, sworn December 19, 2019 by DRI as Receiver & Manager (bankruptcy assignment filed December 20, 2019; Deloitte Restructuring Inc. trustee, Estate No. 31-2599042). Contained in the creditor package attached as an exhibit to the Receiver's Report of December 10, 2020. · Best Made Toys International, ULC (entity level). The receivership (CV-19-00618506-00CL, BMO v. Best Made Toys International ULC and affiliates) covers the wider group; this sworn statement is for the ULC alone. — Liabilities $41,456,447.87: unsecured creditors as per List “A” $20,206,276.87; balance of secured claims as per List “B” $17,449,485.44 (total unsecured $37,655,762.31); secured creditors as per List “B” $3,799,171.56; preferred creditors as per List “C” $1,514.00; contingent or other liabilities $0. Assets $3,799,171.56: accounts receivable (good) $246,229.00; cash $3,552,942.56. Deficiency $37,657,276.31; surplus NIL. Bank of Montreal's row on List “A” shows unsecured claim $0.00 with balance of claim $17,449,485.44 — the unsecured shortfall of its secured position. List “A” itemizes roughly 250 unsecured creditors over Form 78 pages 2-12, but the pages are served as a low-resolution fax-quality scan whose amount digits cannot be read reliably enough to transcribe row-by-row, and Lists “B” (secured) and “C” (preferred) fall on Form 78 pages absent from the served capture — so no per-creditor rows are recorded from this document.
PDF
Best Made Toys - Customer Notice .pdfPDF
Best Made Toys - Factory Notice .pdfPDF
Notice and Statement of Receiver April 30 2019.pdfPDF
Application Record - Returnable .pdfPDF
Endorsement - Hainey, J. .pdfPDF
Order Appointing Receiver - Hainey, J. .pdf
  • Commencement date 25 April 2019
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-19-00618506-00CL
  • Province ONTARIO
PDF
S.246 report for the period April 25, 2019 to October 29, 2019.pdfPDF
Report of Proposed Receiver .pdfPDF
Service List.pdf
  • Counsel Goodmans LLP
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Best Made Toys International, ULC, Best Made Toys LLC, Best Made Toys Global Enterprises Limited and Best Made Toys Holding LLC” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/best-made-toys-international-ulc

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/best-made-toys-international-ulc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.