Bogdon & Gross Furniture Company Ltd.
Follow- Proceeding
- ProposalBIA Div. I
- File
- 35-1844150
Bogdon & Gross Furniture Company Ltd. filed a Division I proposal under the Bankruptcy and Insolvency Act on March 4, 2014, in the Ontario Superior Court of Justice at Owen Sound under court file 35-1844150. The proceeding remains active. As reported by the Proposal Trustee as at that date, secured and priority claims included approximately $400,695 owing to the Canada Revenue Agency for source deductions and $73,650 for HST, both deemed trust classes; $580,000 to TCE Capital Corporation under a now-terminated accounts receivable factoring facility; $500,000 to 2110785 Ontario Inc.; $312,000 each to Bruce Community Futures Development Corporation and Saugeen Economic Development Corp.; $128,170 in municipal taxes to the Municipality of Brockton; and $46,842 in Employer Health Tax to the Ministry of Finance. Equipment lessors CNH Capital Leasing, CIT Financial Ltd., RCAP Leasing and MCAP were also reported as secured. Unsecured claims, comprising trade payables and related-party amounts, totalled $2,054,005.
The court granted an approval and vesting order for the sale to BG Furniture Ltd. Closing terms, as extracted: Vesting effective upon delivery of Proposal Trustee's Certificate confirming payment of Purchase Price, satisfaction/waiver of Article IV conditions, and completion of the Transaction.
Source: Approval
Certificate Of Filing Of A Notice of Intention To Make A Proposal — NOI certificate of filing
Debtor
Bogdon & Gross Furniture Company Ltd.
Proposal trustee
Zeifmans
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Penny | Ontario Superior Court of Justice | 2 orders, May 2014 | 179 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorBogdon & Gross Furniture Company Ltd. | Pallett Valo LLP | 13 Mar 2014 | Application · 13 Mar 2014 |
| CreditorSpringwater Mills Ltd | McKenzie Lake Lawyers LLP | 28 Mar 2014 | Service list · 28 Mar 2014 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (Source Deductions) · in 926 casesApproximate amount owing as reported; deemed trust class (source deductions) — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $401K | First Report of the Proposal Trustee |
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (HST) · in 926 casesApproximate amount owing as reported; deemed trust class (HST) — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $73.7K | First Report of the Proposal Trustee |
| 4 | Secured | TCE Capital CorporationFactoring facility for accounts receivable (now terminated) — Approximate amount owing as reported — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $580K | First Report of the Proposal Trustee |
| 4 | Secured | 2110785 Ontario Inc.Approximate amount owing as reported — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $500K | First Report of the Proposal Trustee |
| 4 | Secured | Saugeen Economic Development Corp.Approximate amount owing as reported — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $312K | First Report of the Proposal Trustee |
| 4 | Secured | Bruce Community Futures Development Corporation · in 5 casesApproximate amount owing as reported — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $312K | First Report of the Proposal Trustee |
| 4 | Secured | Municipality of BrocktonApproximate amount owing as reported; municipal taxes — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $128K | First Report of the Proposal Trustee |
| 4 | Secured | CNH Capital LeasingApproximate amount owing as reported — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $56.9K | First Report of the Proposal Trustee |
| 4 | Secured | Ministry of Finance (EHT) · in 107 casesApproximate amount owing as reported; provincial regulatory/tax claim (Employer Health Tax) — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $46.8K | First Report of the Proposal Trustee |
| 4 | Secured | CIT Financial Ltd. · in 14 casesApproximate amount owing as reported — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $20.6K | First Report of the Proposal Trustee |
| 4 | Secured | RCAP Leasing · in 17 casesApproximate amount owing as reported — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $14.8K | First Report of the Proposal Trustee |
| 4 | Secured | MCAP · in 3 casesApproximate amount owing as reported — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $821 | First Report of the Proposal Trustee |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesIncludes trade payables and amounts due to related parties; document names no individual creditors — debtor: Bogdon & Gross Furniture Company Limited · as of 4 Mar 2014 | $2.05M | First Report of the Proposal Trustee |
Marketed — SISP process commenced, no offers selected yet as of this reportFirst Report of the Proposal Trustee · 26 Mar 2014
| Purchaser | Price | Status | Source |
|---|---|---|---|
| BG Furniture Ltd.B&G's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 14 Apr 2014 | not stated | Approved13 May 2014 | Approval |
Unsecured creditors: 20 %.Under the plan · vote pendingCreditor Package Proposal · 11 Jul 2014
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the planvote pendingper the debtor | Creditor Package Proposal · 11 Jul 2014 |
| Unsecured | — | $2.86M | 20 % | Under the planvote pendingper the trustee | Creditor Package Proposal · 11 Jul 2014 |
| Equity | Existing Shareholders | — | no distribution | Under the planvote pendingper the debtor | Creditor Package Proposal · 11 Jul 2014 |
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 |
|---|---|---|
Creditor Package Proposal
| ||
| Certificate of Filing of a Proposal | ||
Proposal
| ||
Order and Endorsement
| ||
Approval
| ||
| Endorsement – May 13, 2014 | ||
Order
| ||
| Court Order – April 03, 2014 | ||
| Endorsement – April 03, 2014 | ||
| Service List – April 03, 2014 | ||
Service List – April 02, 2014
| ||
Service List – March 28, 2014
| ||
First Report of the Proposal Trustee
| ||
| Motion Record – March 26, 2014 | ||
| Globe and Mail Advertisement | ||
| Confidentiality Agreement | ||
Teaser
| ||
| Court Order – March 14, 2014 | ||
Expression of Interest and Bid Procedure
| ||
SISP Schedule
| ||
Motion Record – March 13, 2014
| ||
| Creditor Package | ||
| Court Order – March 06, 2014 | ||
| Endorsement – March 06, 2014 | ||
Motion Record Part 1 of 2
| ||
Motion Record Part 2 of 2
| ||
| Certificate Of Filing Of A Notice of Intention To Make A Proposal | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Bogdon & Gross Furniture Company Ltd.” (Proposal), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/bogdon-gross-furniture-company-ltd