#Filing
Motion Record of A. Farber & Partners Inc., Receiver returnable August 4, 2017 — Application / notice of application
BG Furniture Ltd.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the “CJA”)
- File
- 35-2199056
Filings held14
Last activity4 Aug 2017
On the record3,539 days
Secured debt$1.29M
OverviewSummary updated
BG Furniture Ltd. has been in court-appointed receivership in Ontario since January 12, 2017, with A. Farber & Partners Inc. appointed receiver on the application of Grenville Strategic Royalty Corp. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act (Ontario Superior Court of Justice in Bankruptcy and Insolvency, file no. 35-2199056). Grenville, holder of a general security agreement over non-real property assets, was owed an aggregate minimum of approximately $1,289,000 as of December 19, 2016. Other secured claims as of that date included approximately $664,000 to Saugeen Economic Development Corporation and Bruce Community Futures Development Corporation, approximately $622,000 to Platinum Investment Group Inc., $836,000 to 2110785 Ontario Inc., Adam Hofmann and Dirk Nielson, and $41,200 to 2544311 Ontario Limited, proposed DIP lender and stalking horse investor. Unsecured trade debt stood at approximately $420,000, unpaid wages at approximately $250,222, and unremitted source deductions owing to the Canada Revenue Agency at approximately $49,983. The receivership remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates13 dated entries · 1 undated
#Report
Certificate of Assignment from the Office of the Superintendent of Bankruptcy — Court officer certificate
#Order
Order made in the Ontario Superior Court of Justice in Bankruptcy and Insolvency, commencing the proceedings against BG Furniture Ltd. under court file number 35-2199056.
#Filing
Motion record of Grenville Strategic Royal Corp. returnable January 12, 2017 — Application / notice of application
#Filing
Motion Record of BG Furniture Ltd. returnable December 22, 2016 (Volume 1) — Application / notice of application
#Filing
Motion Record of BG Furniture Ltd. returnable December 22, 2016 (Volume 2) — Application / notice of application
#Filing
Responding Affidavit of Donnacha Rahill dated December 21, 2016 — Response / objection pleading
#Filing
Responding Affidavit of Stuart des Vignes dated December 21, 2016 — Response / objection pleading
#Filing
Certificate of Filing of a Notice of Intention to Make a Proposal (CBTL) — NOI certificate of filing
Undated filings1 — no date appears on the document · show
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Parties
Debtor
BG Furniture Ltd.
Receiver
GlassRatner
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Newbould | Ontario Superior Court of Justice | 1 order, Jan 2017 | 100 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorGrenville Strategic Royalty Corp | Torkin Manes LLP | 12 Jan 2017 | Order · 12 Jan 2017 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Grenville Strategic Royalty Corp.General security agreement over non-real property assets — Amount is stated as an aggregate minimum (floor); document says 'owed an aggregate minimum amount of approximately $1,289,000' — debtor: BG Furniture Ltd. · as of 19 Dec 2016 | $1.29M | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
| 4 | Secured | 2110785 Ontario Inc./Adam Hofmann/Dirk NielsonGeneral security agreement over non-real property assets — Related party: Adam Hofmann is President of BG Furniture Ltd. — debtor: BG Furniture Ltd. · as of 19 Dec 2016 | $836K | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
| 4 | Secured | Saugeen Economic Development Corporation (SEDC) and Bruce Community Futures Development Corporation (Bruce) · in 3 casesJointly registered charge on land and buildings, registered amount $624,000; also general security agreement over non-real property assets — Outstanding balance approx. $664,000; registered charge amount is $624,000 — debtor: BG Furniture Ltd. · as of 19 Dec 2016 | $664K | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
| 4 | Secured | Platinum Investment Group Inc.Charges on land and buildings; registered principal amount $587,500 — Outstanding balance approx. $622,000; principal amount of charge is $587,500 — debtor: BG Furniture Ltd. · as of 19 Dec 2016 | $622K | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
| 4 | Secured | 2544311 Ontario LimitedGeneral security agreement over non-real property assets — Also the proposed DIP Lender and Stalking Horse Investor in these proceedings — debtor: BG Furniture Ltd. · as of 19 Dec 2016 | $41.2K | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
| 5 | PMSI / lessors | CNH Capital Canada Ltd., Blue Chip Leasing Corporation and Xerox Canada Ltd. (equipment lessors)Leases over non-real property assets (equipment) — PPSA equipment financiers (PMSI class); no amount stated — debtor: BG Furniture Ltd. | — | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
| 7 | Preferred (BIA s. 136) | Employees (unpaid wages) · in 185 casesPreferred claim under BIA (wages) — debtor: BG Furniture Ltd. · as of 19 Dec 2016 | $250K | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDocument names no individual creditors — debtor: BG Furniture Ltd. · as of 19 Dec 2016 | $420K | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesDeemed trust class (unremitted source deductions) — debtor: BG Furniture Ltd. · as of 19 Dec 2016 | $50K | First Report of the Proposal Trustee (CBTL) dated December 20, 2016 |
“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.
Documents
14 filings
| Date | Document | File |
|---|---|---|
| Motion Record of A. Farber & Partners Inc., Receiver returnable August 4, 2017 | ||
| Creditor package and Notice of First Meeting of Creditors | ||
| Certificate of Assignment from the Office of the Superintendent of Bankruptcy | ||
Bankruptcy Order dated January 12, 2017
| ||
| Motion record of Grenville Strategic Royal Corp. returnable January 12, 2017 | ||
Receivership Order dated January 12, 2017
| ||
| Motion Record of BG Furniture Ltd. returnable December 22, 2016 (Volume 1) | ||
Motion Record of BG Furniture Ltd. returnable December 22, 2016 (Volume 2)
| ||
| Responding Affidavit of Donnacha Rahill dated December 21, 2016 | ||
| Responding Affidavit of Stuart des Vignes dated December 21, 2016 | ||
First Report of the Proposal Trustee (CBTL) dated December 20, 2016
| ||
| Certificate of Filing of a Notice of Intention to Make a Proposal (CBTL) | ||
| NOI Creditors Package (CBTL) | ||
| Service List | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “BG Furniture Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/bg-furniture-ltd