Proceedings.

Brands International Corporation

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Active
Proceeding
NOIsubsection 50.4(9) of the Bankruptcy and Insolvency Act
Court
Ontario Superior Court of Justice
File
BK-24-03169618-0031
Filings held24
Last activity2 May 2025
On the record636 days
Secured debt$6.7M
OverviewSummary updated

Brands International Corporation filed a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act on December 24, 2024, and the proceeding remains active. The company estimates total liabilities of approximately $12.5 million as at the filing date, on an unaudited management basis, with no total assets figure stated. Canadian Western Bank, the senior secured lender under a May 17, 2023 credit agreement comprising a revolving demand operating loan, non-revolving demand draw and term facilities and a corporate credit card, is owed approximately $6.7 million, secured by a general security agreement over substantially all assets and an unlimited personal guarantee from CEO and director Gedaliah David Kahan. The Crown asserts a deemed trust claim of $210,000 for source deductions and payroll remittances; accrued vacation pay of approximately $35,000 is also owing. The company advised that no harmonized sales tax was owing for pre-filing periods. A limited number of equipment lessors and financiers hold PPSA registrations, including CWB National Leasing Inc., Evoqua Water Technologies, Travelers Finance Ltd. and IndCom Leasing Inc., and Loop Fund I LP holds a blanket registration relating to the company's credit card. All received notice of the motion.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

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Case updates22 dated entries · 2 undated
#Sale

The court granted an approval and vesting order for the sale to Rejoice Industries Canada Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Certificate confirming payment of Purchase Price, satisfaction/waiver of Article 7 conditions, and completion of the Transaction.

Source: Rejoice AVO

Undated filings2 — no date appears on the document · show
—
Claims

Proof of Claim Form [ ] — Claims process approved

PDF

—
Claims

Proxy Form [ ] — Meeting of creditors

PDF

Parties

Debtor

Brands International Corporation

Proposal trustee

KPMG

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice ConwayOntario Superior Court of Justice3 orders, Dec 2024285 cases on record
Justice DietrichOntario Superior Court of Justice2 orders, Apr 202589 cases on record
Justice KimmelOntario Superior Court of Justice2 orders, Feb 2025182 cases on record

Counsel of record

PartyCounselFirst seenSource
Proposal trusteeKPMGBennett Jones LLP19 Feb 2025Service list · 19 Feb 2025
PurchaserMiller Thomson LLP19 Feb 2025Service list · 19 Feb 2025
CreditorCanadian Western BankFasken Martineau DuMoulin LLP19 Feb 2025Service list · 19 Feb 2025
CreditorKraft Chemical CompanyClark, Farb, Fiksel19 Feb 2025Service list · 19 Feb 2025
CreditorLandlordOwen Bird Law Corporation19 Feb 2025Service list · 19 Feb 2025
CreditorStalking Horse BidderBorden Ladner Gervais LLP19 Feb 2025Service list · 19 Feb 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · the 114 smallest grouped as one mark · 2 named without a figure
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Crown (source deductions and payroll remittances) · in 3 casesas of Filing Date — Deemed trust class - amounts owing to Crown in respect of source deductions and payroll remittances — debtor: Brands International Corporation$210KFirst Report of the Proposal Trustee (KPMG Inc.) - Brands International Corporation
4SecuredCanadian Western Bank (CWB) · in 80 casesas of Filing Date — General security agreement over substantially all assets of the Company — Senior secured creditor; agreement dated May 17, 2023 (CWB Credit Agreement) providing operating line of credit, non-revolving facilities and credit card facility; secured also by unlimited personal guarantee of Gedaliah David Kahan (CEO/Director) - personal guarantee, individual named for role only — debtor: Brands International Corporation$6.7MFirst Report of the Proposal Trustee (KPMG Inc.) - Brands International Corporation
4SecuredCWB National Leasing Inc. · in 110 casesPPSA registration relating to leasing/financing of equipment — Affiliate of CWB; one of a limited number of PPSA registrants — debtor: Brands International Corporation—First Report of the Proposal Trustee (KPMG Inc.) - Brands International Corporation
5PMSI / lessorsPPSA equipment financiers (PMSI class) · in 183 casesPPSA registered security interests relating to leasing and/or financing of equipment — Limited number of other creditors with PPSA registrations relating to equipment leasing/financing; all received notice of the motion — debtor: Brands International Corporation—First Report of the Proposal Trustee (KPMG Inc.) - Brands International Corporation
7Preferred (BIA s. 136)Various Employees (unsecured portion) · in 37 casesUnsecured portion of employee claims, separate from the $20,000.00 preferred/priority portion — debtor: Brands International Corporation · as of 15 Apr 2025$185KNotice to Creditors Package [ ]
7Preferred (BIA s. 136)Various Employees (preferred wage claims) · in 37 casesPreferred/priority claim per BIA; ground for priority listed as 'Other' — debtor: Brands International Corporation · as of 15 Apr 2025$20KNotice to Creditors Package [ ]
8UnsecuredCanadian Western Bank · in 80 casesUnsecured shortfall portion of bifurcated bank loan claim; total claim $5,300,000.00 with $230,000.00 secured against Asset No.101 (cash on hand); estimated deficiency from security -$5,070,000.00; loan dated 2024-05-17 — debtor: Brands International Corporation · as of 15 Apr 2025$5.07MNotice to Creditors Package [ ]
8UnsecuredAlpla Inc.Vendor — debtor: Brands International Corporation · as of 15 Apr 2025$496KNotice to Creditors Package [ ]
8UnsecuredEZ Chem IncVendor — debtor: Brands International Corporation · as of 15 Apr 2025$474KNotice to Creditors Package [ ]
8UnsecuredEstate of Mark RubinoffRecorded under 'Contingent, trust claims or other liabilities' column; nature/details listed as 'Other/Other' — debtor: Brands International Corporation · as of 15 Apr 2025$383KNotice to Creditors Package [ ]
8UnsecuredCWB MCBank loan (nature: 'Bank Loans except real property mortgage') classified entirely as unsecured in the Statement of Affairs (Secured column = $0.00) — debtor: Brands International Corporation · as of 15 Apr 2025$234KNotice to Creditors Package [ ]
8UnsecuredCanada Revenue Agency · in 926 casesEmployee source deductions - deemed trust claim in favour of the Crown; recorded under 'Contingent, trust claims or other liabilities' column — debtor: Brands International Corporation · as of 15 Apr 2025$210KNotice to Creditors Package [ ]
8UnsecuredTriton Assets LtdVendor — debtor: Brands International Corporation · as of 15 Apr 2025$203KNotice to Creditors Package [ ]
8UnsecuredContainer CorporationVendor — debtor: Brands International Corporation · as of 15 Apr 2025$185KNotice to Creditors Package [ ]
8Unsecured2788402 Ontario IncVendor — debtor: Brands International Corporation · as of 15 Apr 2025$140KNotice to Creditors Package [ ]
8UnsecuredDaymon Worldwide, IncVendor — debtor: Brands International Corporation · as of 15 Apr 2025$139KNotice to Creditors Package [ ]
8UnsecuredConsolidated-USDVendor — debtor: Brands International Corporation · as of 15 Apr 2025$107KNotice to Creditors Package [ ]
8UnsecuredCenter Point Group IVendor — debtor: Brands International Corporation · as of 15 Apr 2025$104KNotice to Creditors Package [ ]
8UnsecuredCanadian AnalyticalVendor — debtor: Brands International Corporation · as of 15 Apr 2025$67.1KNotice to Creditors Package [ ]
8UnsecuredTaizhou Paragon PackVendor — debtor: Brands International Corporation · as of 15 Apr 2025$67KNotice to Creditors Package [ ]
8Unsecured3G Print Group IncVendor — debtor: Brands International Corporation · as of 15 Apr 2025$53.1KNotice to Creditors Package [ ]
8UnsecuredBeneco Packaging · in 3 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$40.5KNotice to Creditors Package [ ]
8UnsecuredUber FreightVendor — debtor: Brands International Corporation · as of 15 Apr 2025$38.7KNotice to Creditors Package [ ]
8UnsecuredThames River ChemicalVendor — debtor: Brands International Corporation · as of 15 Apr 2025$38.4KNotice to Creditors Package [ ]
8UnsecuredConcord TrailerVendor — debtor: Brands International Corporation · as of 15 Apr 2025$35.5KNotice to Creditors Package [ ]
8Unsecured630 Newpark GP Ltd.Landlord — debtor: Brands International Corporation · as of 15 Apr 2025$34.5KNotice to Creditors Package [ ]
8UnsecuredAlpha LaboratoriesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$33.6KNotice to Creditors Package [ ]
8UnsecuredUniversal ConsumerVendor — debtor: Brands International Corporation · as of 15 Apr 2025$33KNotice to Creditors Package [ ]
8UnsecuredCharles Tenant & CoVendor — debtor: Brands International Corporation · as of 15 Apr 2025$28.4KNotice to Creditors Package [ ]
8UnsecuredBison StaffingVendor — debtor: Brands International Corporation · as of 15 Apr 2025$27KNotice to Creditors Package [ ]
8Unsecured11418793 Canada IncVendor — debtor: Brands International Corporation · as of 15 Apr 2025$27KNotice to Creditors Package [ ]
8UnsecuredTime Cargo · in 2 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$26.4KNotice to Creditors Package [ ]
8UnsecuredEcoideas InnovationVendor — debtor: Brands International Corporation · as of 15 Apr 2025$24.9KNotice to Creditors Package [ ]
8UnsecuredTransport TrailerVendor — debtor: Brands International Corporation · as of 15 Apr 2025$22.7KNotice to Creditors Package [ ]
8UnsecuredFirmenichVendor — debtor: Brands International Corporation · as of 15 Apr 2025$22.1KNotice to Creditors Package [ ]
8UnsecuredC.H. Robinson WorldwideVendor — debtor: Brands International Corporation · as of 15 Apr 2025$20.8KNotice to Creditors Package [ ]
8UnsecuredCompagnie ParentoliVendor — debtor: Brands International Corporation · as of 15 Apr 2025$20.1KNotice to Creditors Package [ ]
8UnsecuredWork Safety & InsuranceVendor — debtor: Brands International Corporation · as of 15 Apr 2025$18.8KNotice to Creditors Package [ ]
8UnsecuredTrue Label, IncVendor — debtor: Brands International Corporation · as of 15 Apr 2025$17.8KNotice to Creditors Package [ ]
8UnsecuredDoc Comp Onsite Computer ServicesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$15.9KNotice to Creditors Package [ ]
8UnsecuredCompaxVendor — debtor: Brands International Corporation · as of 15 Apr 2025$14.8KNotice to Creditors Package [ ]
8UnsecuredDMS PaperVendor — debtor: Brands International Corporation · as of 15 Apr 2025$14.8KNotice to Creditors Package [ ]
8UnsecuredAmeri-Connect USAVendor — debtor: Brands International Corporation · as of 15 Apr 2025$13.8KNotice to Creditors Package [ ]
8UnsecuredXPO Logistics FreightVendor — debtor: Brands International Corporation · as of 15 Apr 2025$13.5KNotice to Creditors Package [ ]
8UnsecuredEnvyrozone Inc.Vendor — debtor: Brands International Corporation · as of 15 Apr 2025$13.4KNotice to Creditors Package [ ]
8UnsecuredAurum AdvantageVendor — debtor: Brands International Corporation · as of 15 Apr 2025$10.7KNotice to Creditors Package [ ]
8UnsecuredContainer Corp-U.SVendor — debtor: Brands International Corporation · as of 15 Apr 2025$10.1KNotice to Creditors Package [ ]
8UnsecuredThompson, Ahern & CoVendor — debtor: Brands International Corporation · as of 15 Apr 2025$10.1KNotice to Creditors Package [ ]
8UnsecuredTorres IndustrialVendor — debtor: Brands International Corporation · as of 15 Apr 2025$10KNotice to Creditors Package [ ]
8UnsecuredUL Verification ServVendor — debtor: Brands International Corporation · as of 15 Apr 2025$9.46KNotice to Creditors Package [ ]
8UnsecuredTranspro FreightVendor — debtor: Brands International Corporation · as of 15 Apr 2025$8.95KNotice to Creditors Package [ ]
8UnsecuredFirst Insurance c/o Ferrari & Associates InsuranceVendor — debtor: Brands International Corporation · as of 15 Apr 2025$8.76KNotice to Creditors Package [ ]
8UnsecuredFast & ZippyVendor — debtor: Brands International Corporation · as of 15 Apr 2025$8.71KNotice to Creditors Package [ ]
8UnsecuredChemsynergyVendor — debtor: Brands International Corporation · as of 15 Apr 2025$6.7KNotice to Creditors Package [ ]
8UnsecuredDamotechVendor — debtor: Brands International Corporation · as of 15 Apr 2025$6.07KNotice to Creditors Package [ ]
8UnsecuredF&W TransportVendor — debtor: Brands International Corporation · as of 15 Apr 2025$5.93KNotice to Creditors Package [ ]
8UnsecuredConsult 2BondVendor — debtor: Brands International Corporation · as of 15 Apr 2025$5.92KNotice to Creditors Package [ ]
8UnsecuredCassels Brock & Blackwell · in 2 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$5.9KNotice to Creditors Package [ ]
8UnsecuredAmeri-Connect FreightVendor — debtor: Brands International Corporation · as of 15 Apr 2025$5.38KNotice to Creditors Package [ ]
8UnsecuredAboutown BrokerageVendor — debtor: Brands International Corporation · as of 15 Apr 2025$4.61KNotice to Creditors Package [ ]
8UnsecuredWeirFoulds LLP · in 9 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$4.37KNotice to Creditors Package [ ]
8UnsecuredSuperpakVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.86KNotice to Creditors Package [ ]
8UnsecuredCoyoteVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.8KNotice to Creditors Package [ ]
8UnsecuredAMB LogisticsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.8KNotice to Creditors Package [ ]
8UnsecuredSteritechVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.75KNotice to Creditors Package [ ]
8UnsecuredTraffix · in 5 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.52KNotice to Creditors Package [ ]
8UnsecuredEDC · in 10 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.45KNotice to Creditors Package [ ]
8UnsecuredThermo Fisher Scientific · in 4 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.39KNotice to Creditors Package [ ]
8UnsecuredCanonVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.38KNotice to Creditors Package [ ]
8UnsecuredBelle Aire FragranceVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.35KNotice to Creditors Package [ ]
8UnsecuredAccutekVendor — debtor: Brands International Corporation · as of 15 Apr 2025$3.04KNotice to Creditors Package [ ]
8UnsecuredWayfairVendor — debtor: Brands International Corporation · as of 15 Apr 2025$2.92KNotice to Creditors Package [ ]
8UnsecuredAutolinx LogisticsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$2.8KNotice to Creditors Package [ ]
8UnsecuredAir Liquide · in 27 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$2.68KNotice to Creditors Package [ ]
8UnsecuredAstral LogisticsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$2.51KNotice to Creditors Package [ ]
8UnsecuredTransplaceVendor — debtor: Brands International Corporation · as of 15 Apr 2025$2.43KNotice to Creditors Package [ ]
8UnsecuredExpress Mobile StoraVendor — debtor: Brands International Corporation · as of 15 Apr 2025$2.29KNotice to Creditors Package [ ]
8UnsecuredChicago AutomatedVendor — debtor: Brands International Corporation · as of 15 Apr 2025$2.12KNotice to Creditors Package [ ]
8UnsecuredCity PalletsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.95KNotice to Creditors Package [ ]
8UnsecuredTriage LogisticsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.83KNotice to Creditors Package [ ]
8UnsecuredTennant Sales & ServVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.76KNotice to Creditors Package [ ]
8UnsecuredFedEx · in 37 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.7KNotice to Creditors Package [ ]
8UnsecuredCVS HealthVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.5KNotice to Creditors Package [ ]
8UnsecuredUline Canada · in 25 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.23KNotice to Creditors Package [ ]
8UnsecuredATD TransportVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.19KNotice to Creditors Package [ ]
8UnsecuredBell Canada · in 298 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.18KNotice to Creditors Package [ ]
8UnsecuredFedEx - USVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.11KNotice to Creditors Package [ ]
8UnsecuredBrown's FuelsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1.02KNotice to Creditors Package [ ]
8UnsecuredEnbridge · in 71 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$841Notice to Creditors Package [ ]
8UnsecuredAll-Rite Dock and DoVendor — debtor: Brands International Corporation · as of 15 Apr 2025$833Notice to Creditors Package [ ]
8UnsecuredBartech System IncVendor — debtor: Brands International Corporation · as of 15 Apr 2025$816Notice to Creditors Package [ ]
8UnsecuredCBSC CapitalVendor — debtor: Brands International Corporation · as of 15 Apr 2025$700Notice to Creditors Package [ ]
8UnsecuredThe Sherwin WilliamsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$599Notice to Creditors Package [ ]
8UnsecuredCanadian Lab ProductVendor — debtor: Brands International Corporation · as of 15 Apr 2025$597Notice to Creditors Package [ ]
8UnsecuredCanadian Tire · in 15 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$563Notice to Creditors Package [ ]
8UnsecuredCpolyzotisVendor — debtor: Brands International Corporation · as of 15 Apr 2025$529Notice to Creditors Package [ ]
8UnsecuredCommercial AirVendor — debtor: Brands International Corporation · as of 15 Apr 2025$505Notice to Creditors Package [ ]
8UnsecuredD&G Engineering ProdVendor — debtor: Brands International Corporation · as of 15 Apr 2025$459Notice to Creditors Package [ ]
8UnsecuredSynergie CADVendor — debtor: Brands International Corporation · as of 15 Apr 2025$379Notice to Creditors Package [ ]
8UnsecuredAble TranslationsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$358Notice to Creditors Package [ ]
8UnsecuredUSP United States PLVendor — debtor: Brands International Corporation · as of 15 Apr 2025$344Notice to Creditors Package [ ]
8UnsecuredFabcoVendor — debtor: Brands International Corporation · as of 15 Apr 2025$318Notice to Creditors Package [ ]
8UnsecuredCascades Recovery · in 4 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$285Notice to Creditors Package [ ]
8UnsecuredAgilent Technologies · in 2 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$206Notice to Creditors Package [ ]
8UnsecuredTigerpakVendor — debtor: Brands International Corporation · as of 15 Apr 2025$183Notice to Creditors Package [ ]
8UnsecuredTeklynx AmericasVendor — debtor: Brands International Corporation · as of 15 Apr 2025$179Notice to Creditors Package [ ]
8UnsecuredEnvi Networks Ltd.Vendor — debtor: Brands International Corporation · as of 15 Apr 2025$173Notice to Creditors Package [ ]
8UnsecuredBaksh Bros. CartageVendor — debtor: Brands International Corporation · as of 15 Apr 2025$163Notice to Creditors Package [ ]
8UnsecuredAvantorVendor — debtor: Brands International Corporation · as of 15 Apr 2025$157Notice to Creditors Package [ ]
8UnsecuredDC CourierVendor — debtor: Brands International Corporation · as of 15 Apr 2025$111Notice to Creditors Package [ ]
8UnsecuredBrenntag · in 3 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$93Notice to Creditors Package [ ]
8UnsecuredWorksite Safety CompVendor — debtor: Brands International Corporation · as of 15 Apr 2025$85Notice to Creditors Package [ ]
8UnsecuredBinex Line Corp.Vendor — debtor: Brands International Corporation · as of 15 Apr 2025$60Notice to Creditors Package [ ]
8UnsecuredWell.ca · in 2 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$48Notice to Creditors Package [ ]
8UnsecuredTricorbraun · in 2 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$45Notice to Creditors Package [ ]
8UnsecuredUPS Canada · in 92 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$43Notice to Creditors Package [ ]
8UnsecuredBulk SupplementsVendor — debtor: Brands International Corporation · as of 15 Apr 2025$39Notice to Creditors Package [ ]
8UnsecuredTravelers Finance Ltd. · in 3 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1Notice to Creditors Package [ ]
8UnsecuredCWB National Leasing Inc · in 2 casesVendor — debtor: Brands International Corporation · as of 15 Apr 2025$1Notice to Creditors Package [ ]

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

Sale processAs stated in the filings

4 transactions · 2 closed · 1 approved · 1 not completed — the sale transactions that resulted from the Sale ProcessTrustee's Preliminary Report dated May 2, 2025 [ ] · 2 May 2025

Bid deadline (round closed)

31 January 2025

Sale Process Order - Brands International Corporation

Break fee

$225K

Sale Process Order - Brands International Corporation

Stalking horse

AMG Global Holdings ULC

Trustee's Preliminary Report dated May 2, 2025 [ ]

PurchaserPriceStatusSource
1001125540 1001 Inc.the Debtor's right, title and interest in and to the Purchased Assets (as defined in the Rejoice Sale Agreement and the Litigation Claims Sale Agreement, as applicable) · asset sale · agreement 31 Jan 2025not statedApproved20 Feb 2025outside 28 Feb 2025Ancillary Order
1001125540 Ontario Inc.the Debtor's right, title and interest in and to the Purchased Assets · asset sale · agreement 31 Jan 2025not statedClosed25 Feb 2025Trustee's Preliminary Report dated May 2, 2025…
Rejoice Industries Canada Inc.the Debtor's right, title and interest in and to the Purchased Assets · asset sale · nominee/assignee: Rejoice Industries Canada Inc., as assignee · agreement 30 Jan 2025$3gross proceeds of $2.7 million; figure as printed is 'in millions'Closed24 Feb 2025Trustee's Preliminary Report dated May 2, 2025…
AMG Global Holdings ULCStalking horsethe sale of all or part of Brands' property and/or business · asset sale · agreement 18 Dec 2024not statedAPA approved only as the Stalking Horse Bid; transaction subject to further Court approvalNot completedTrustee's Preliminary Report dated May 2, 2025…
Closing termsvesting effective upon delivery of Proposal Trustee's Certificate confirming purchase price, satisfaction/waiver of Article 7 conditions, and completion of the TransactionLitigation Claims AVO
RecoveriesAs stated in the filings

Unsecured creditors: no distribution. CWB $1.2M.EstimatedTrustee's Preliminary Report dated May 2, 2025 [ ] · 2 May 2025

ClassCreditorClaimsRecoveryBasisSource
SecuredCWB—$1.2Mper the proposal trusteeMotion Record of the Proposal Trustee - KPMG Inc. · 8 Apr 2025
Unsecured——no distributionEstimatedper the trusteeTrustee's Preliminary Report dated May 2, 2025 [ ] · 2 May 2025

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

4 engagements · 2 firms — latest: Bennett Jones LLP, 3 Apr – 30 Apr 2025Motion Record of the Proposal Trustee - KPMG Inc. · 8 Apr 2025

FirmPeriodHoursFeesRatesSource
Bennett Jones LLPCounsel to the trusteeperiod 2 of 23 Apr – 30 Apr 2025——not statedMotion Record of the Proposal Trustee - KPMG Inc. · 8 Apr 2025
Bennett Jones LLPCounsel to the trusteeperiod 1 of 219 Dec 2024 – 2 Apr 202587.6$76,629.00ex. tax$495 – $1,15010 peopleBrands - Third Report of the Proposal Trustee · 8 Apr 2025
10 people — Bennett Jones LLP, 19 Dec 2024 – 2 Apr 2025
NameYear of callHoursRateFees
Mike Shakra2013—$1,150post-January 01, 2025—
Mike Shakra201343.7$960pre-January 01, 2025$47,519.00
Dom Sorbara2014—$950post-January 01, 2025—
Dom Sorbara20144.7$915pre-January 01, 2025$4,465.00
Fatima Kawar2020—$770post-January 01, 2025—
Fatima Kawar202014.3$725pre-January 01, 2025$11,011.00
Linda Fraser-Richardson2024—$550post-January 01, 2025—
Jane SergievskayaLaw Clerk3.2$540post-January 01, 2025$1,728.00
Olivia D'InnocenzoLaw Clerk0.7$540post-January 01, 2025$378.00
Linda Fraser-Richardson202421$495pre-January 01, 2025$11,528.00
KPMG Inc.Proposal trusteeperiod 2 of 214 Dec 2024 – 2 Apr 2025366.9$221,547.50ex. tax$300 – $8005 peopleBrands - Third Report of the Proposal Trustee · 8 Apr 2025
5 people — KPMG Inc., 14 Dec 2024 – 2 Apr 2025
NameTitleHoursRateFees
Pritesh PatelSenior Vice President148.75$800$119,000.00
Broderick LomaxManager157.4$525$82,635.00
Mackenzie WongManager7.5$525$3,937.50
Angelina HungStaff Technician48.25$300$14,475.00
Annette ChopowickStaff Technician5$300$1,500.00
Total—366.9—$221,547.50
KPMG Inc.Proposal trusteeperiod 1 of 2the Period——$603.84stated averageMotion Record of the Proposal Trustee - KPMG Inc. · 8 Apr 2025

Top rate $1,150 · 65th percentile of counsel rates, 2025 · of 80

Estate financialsReported figures — never derived
Total assets at filing$230K
Total liabilities at filing$12.1M

As at 15 Apr 2025 · per Totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor (Form 78 Statement of Affairs) · Brands International Corporation (single legal entity, non-consolidated) — Liabilities comprised of: secured creditors $230,000.00; preferred creditors/priorities $20,000.00; unsecured creditors $10,847,018.09; contingent/trust/other liabilities $978,940.42. Stated deficiency of $11,845,958.51 (surplus line shows -$11,845,958.51).

Documents
24 filings
DateDocumentFile
Trustee's Preliminary Report dated May 2, 2025 [ ]
  • Closing confirmed Closed · 24 Feb 2025 · Rejoice Industries Canada Inc.; Closed · 25 Feb 2025 · 1001125540 Ontario Inc.
  • Financial position Assets $230K · as at 15 Apr 2025 · per Statement of Affairs (SOA) · entity - Brands International Corporation — Total liabilities not stated as a single figure. Components disclosed: secured creditor CWB claim filed $6,864,523.00; unsecured creditors estimated at approximately $10.8 million (213 creditors, excluding potential severance/termination claims) per SOA; no known preferred creditors as at Date of Bankruptcy; potential Crown deemed trust claim (unremitted source deductions/payroll taxes) of approximately $210,000, quantum unconfirmed pending CRA audit; potential section 81.3 vacation pay claims reserved at $20,000.
  • Purchaser Rejoice Industries Canada Inc. · nominee/assignee Rejoice Industries Canada Inc., as assignee · the purchased assets under that agreement · asset sale · $3 · closed; 1001125540 Ontario Inc. · the Litigation Claims (as defined in the Litigation Claims APA) · asset sale · closed; AMG Global Holdings ULC (stalking horse) · assets under the Asset Purchase Agreement dated December 18, 2024 · asset sale · not completed
  • Recovery outcome Entries: per unstated · Table missing:
  • + 2 more extracted facts
PDF
Notice to Creditors Package [ ]
  • Financial position Assets $230K · Liabilities $12.1M · as at 15 Apr 2025 · per Totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor (Form 78 Statement of Affairs) · Brands International Corporation (single legal entity, non-consolidated) — Liabilities comprised of: secured creditors $230,000.00; preferred creditors/priorities $20,000.00; unsecured creditors $10,847,018.09; contingent/trust/other liabilities $978,940.42. Stated deficiency of $11,845,958.51 (surplus line shows -$11,845,958.51).
  • Secured creditors $230K · Note: Bifurcated claim per Statement of Affairs: total claim $5,300,000.00, of which $230,000.00 is secured and $5,070,000.00 is unsecured (deficiency from security shown as -$5,070,000.00). The $5,070,000.00 unsecured portion is also listed under unsecured_creditors. · Page: 8 · As of: 2025-04-15 · Debtor: Brands International Corporation · Creditor: Canadian Western Bank · Security: Bank loan (except real property mortgage); secured against Asset No. 101 (Cash on Hand); loan dated 2024-05-17 per 'Date given/incurred'
  • Unsecured creditors $14.8K · Note: Vendor · Page: 11 · As of: 2025-04-15 · Basis: Statement of Affairs (List of Liabilities) as stated and estimated by bankrupt/debtor · Debtor: Brands International Corporation · Creditor: DMS Paper
PDF
Certificate - Form 35 - 31-3169618 [ ]PDF
Distribution and Fee Approval Order [ ]
  • Presiding officer Justice J. Dietrich
PDF
Endorsement [ ]
  • Presiding officer Justice J. Dietrich
PDF
Brands - Third Report of the Proposal Trustee
  • Closing confirmed Closed · date not stated · Rejoice Industries Canada Inc.; Closed · date not stated · 1001125540 Ontario Inc.
  • Fee schedule Engagements: Form: invoice_listing · Rows: Pritesh Patel; Broderick Lomax; Mackenzie Wong; Angelina Hung; Annette Chopowick; Fees: 221547.5 · Hours: 366.9 · Quote: Total | 366.90 | | 221,547.50 $ · Row kind: subtotal · Rate kind: standard · Name as stated: Total · Money: Tax: $31.2K · Label: HST · Quote: $ 31,187.90 · Fees: $222K · Quote: Total $ 221,547.50 · Total: $271K · Quote: $ 271,094.80 · includes tax · includes disbursements · Approximate: false · Disbursements: $18.4K · Quote: $ 18,359.40 · Period: End: 2025-04-02 · Kind: cumulative · Label: the 'Period' · Quote: the Proposal Trustee has provided services and incurred disbursements, in the amount of $239,906.90 (excluding HST) in the period from December 14, 2024 to April 2, 2025 (the ' Period '). · Start: 2024-12-14 · Approval: State: unstated · Averages: Blended average hourly rate · Currency: Code: CAD · Quote: CAD · Invoices: Tax: 6263.85 · Date: 2025-01-10 · Fees: 45031.25 · Quote: Professional services rendered from December 14 to December 31. · Total: 54447.28 · Period end: 2024-12-31 · Period start: 2024-12-14; Tax: 6375.48 · Fees: 45318.75 · Quote: Professional services rendered from January 1 to January 24, 2025. · Total: 55417.61 · Period end: 2025-01-24 · Period start: 2025-01-01 · Disbursements: 551.07; Tax: 4506.43 · Date: 2025-03-05 · Fees: 30247.5 · Quote: Professional services rendered from January 25 to February 7, 2025. · Total: 39171.26 · Period end: 2025-02-07 · Period start: 2025-01-25 · Disbursements: 2300; Tax: 8638.98 · Fees: 62106.25 · Quote: Professional services rendered from February 8 to February 28, 2025. · Total: 75092.67 · Period end: 2025-02-28 · Period start: 2025-02-08; Tax: 5403.17 · Date: 2025-04-04 · Fees: 38843.75 · Quote: Professional services rendered from March 3 to April 2, 2025. · Total: 46965.98 · Period end: 2025-04-02 · Period start: 2025-03-03 · Firm text: KPMG Inc. · Firm quote: THIRD REPORT OF KPMG INC., IN ITS CAPACITY AS PROPOSAL TRUSTEE · Hours total: Quote: 366.90 · Value: 366.9 · Context quote: I am a Senior Vice President of KPMG Inc. (' KPMG '); Form: rate_chart · Rows: Mike Shakra; Mike Shakra; Dom Sorbara; Dom Sorbara; Fatima Kawar; Fatima Kawar; Linda Fraser-Richardson; Linda Fraser-Richardson; Olivia D'Innocenzo; Jane Sergievskaya · Money: Tax: $9.96K · Label: HST · Quote: Plus 13% HST | $9,961.77 · Fees: $76.6K · Quote: TOTAL | $76,629.00 · Total: $86.6K · Quote: Grand Total: | $86,590.77 · includes tax · Approximate: false · Period: End: 2025-04-02 · Kind: invoice · Quote: have prepared an affidavit with respect to the services rendered for the period from December 19, 2024 to April 2, 2025. · Start: 2024-12-19 · Approval: State: unstated · Averages: — · Currency: Code: CAD · Quote: Total Compensation (CAD) (before HST) · Invoices: · Firm text: Bennett Jones LLP · Firm quote: APPENDIX 'B' - AFFIDAVIT OF MIKE SHAKRA, SWORN APRIL 7, 2025 RE: FEES OF BENNETT JONES LLP · Hours total: Quote: Total Hours | 87.60 · Value: 87.6 · Context quote: these proceedings in a manner consistent with the instructions of the Proposal Trustee and have prepared an affidavit with respect to the services rendered for the period from December 19, 2024 to April 2, 2025.
  • Purchaser AMG Global Holdings ULC (stalking horse) · Asset Purchase Agreement dated December 18, 2024 · asset sale · approved; Rejoice Industries Canada Inc. · nominee/assignee Rejoice Industries Canada Inc., as assignee · the asset purchase agreement between the Company, as vendor, and the successful bidder under the Sale Process, Rejoice Industries Canada Inc. · asset sale · closed; 1001125540 Ontario Inc. · the Litigation Claims (as defined in the Litigation Claims APA) · asset sale · closed
  • Recovery outcome Entries: per estimated · Stated on: 2025-04-08 · Table missing:
  • + 2 more extracted facts
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Motion Record of the Proposal Trustee - KPMG Inc.
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Label: the Period · Quote: The average hourly rate billed by the Proposal Trustee during the Period is $603.84. · Approval: State: unstated · Averages: Proposal Trustee · Currency: · Invoices: Date: 2025-03-10 · Quote: an account dated March 10, 2025, in the amount of $1,904.05 in respect of the period from February 24, 2025 to February 25, 2025 · Total: 1904.05 · Period end: 2025-02-25 · Period start: 2025-02-24; Date: 2025-04-07 · Quote: an account dated April 07, 2025, in the amount of $14,288.85 in respect of the period from March 18, 2025 to April 2, 2025 · Total: 14288.85 · Period end: 2025-04-02 · Period start: 2025-03-18 · Firm text: KPMG Inc. · Firm quote: Lawyers for KPMG Inc., solely in its capacity as Proposal Trustee and not in its personal or corporate capacity · Context quote: Lawyers for KPMG Inc., solely in its capacity as Proposal Trustee and not in its personal or corporate capacity; Form: prose · Rows: · Money: Approximate: false · Period: End: 2025-04-30 · Kind: unstated · Label: Termination Date · Quote: Bennett Jones LLP's fees and disbursements, and those of the Proposal Trustee, for the period from April 3, 2025, to the earlier of (the ' Termination Date '): April 30, 2025, and the date upon which the Proposal Trustee files a certificate with this Court certifying that all remai · Start: 2025-04-03 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Bennett Jones LLP · Firm quote: BENNETT JONES LLP · Context quote: Bennett Jones LLP's fees and disbursements, and those of the Proposal Trustee, for the period from April 3, 2025, to the earlier of (the ' Termination Date '): April 30, 2025, and the date upon which the Proposal Trustee files a certificate with this Court certifying that all remai
  • Recovery outcome Entries: per estimated; per unstated · Stated on: 2025-04-08 · Table missing:
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Ancillary Order
  • Presiding officer Justice Kimmel
  • Purchaser Rejoice Industries Canada Inc. · the Debtor's right, title and interest in and to the Purchased Assets (as defined in the Rejoice Sale Agreement and the Litigation Claims Sale Agreement, as applicable) · asset sale · approved; 1001125540 1001 Inc. · the Debtor's right, title and interest in and to the Purchased Assets (as defined in the Rejoice Sale Agreement and the Litigation Claims Sale Agreement, as applicable) · asset sale · approved
  • Stalking horse Stalking horse AMG Global Holdings ULC (the secured lender)
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Endorsement (Rejoice & Litigation Claims AVOs, Ancil Order)
  • Presiding officer Justice Kimmel
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Litigation Claims AVO
  • Closing terms vesting effective upon delivery of Proposal Trustee's Certificate confirming purchase price, satisfaction/waiver of Article 7 conditions, and completion of the Transaction
  • Purchaser 1001125540 Ontario Inc. · the Debtor's right, title and interest in and to the Purchased Assets · asset sale · approved
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Rejoice AVO
  • Closing terms Vesting occurs upon delivery of the Proposal Trustee's Certificate confirming payment of Purchase Price, satisfaction/waiver of Article 7 conditions, and completion of the Transaction.
  • Order date 20 February 2025
  • Purchaser Rejoice Industries Canada Inc. · the Debtor's right, title and interest in and to the Purchased Assets · asset sale · approved
  • Sale outcome Sale approved — Transaction approved and vesting order granted
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Service List
  • Counsel Owen Bird Law Corporation
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Brands - Second Report of the Proposal Trustee
  • Purchaser Rejoice Industries Canada Inc. · substantially all of the Company's right, title and interest in and to the Purchased Assets · asset sale · proposed; 1001125540 Ontario Inc. · substantially all of the Company's right, title and interest in and to the Litigation Claims · asset sale · proposed; AMG Global Holdings ULC (stalking horse) · Purchased Assets · asset sale · not completed
  • Recovery outcome Entries: per estimated · Stated on: 2025-02-13 · Table missing:
  • Sale outcome Approval pending — the two (2) transactions that resulted therefrom
  • Stalking horse Stalking horse AMG Global Holdings ULC (the secured lender)
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Moving Party - Brands International Corporation - Motion Record (Part 1)
  • Applicant Brands International Corporation
  • Commencement date 11 February 2025
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no BK-24-03169618-0031
  • + 1 more extracted fact
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Moving Party - Brands International Corporation - Motion Record (Part 2)PDF
Ancillary Order - Brands International Corporation
  • Presiding officer Justice Conway
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Endorsement
  • Presiding officer Justice Conway
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Sale Process Order - Brands International Corporation
  • Bid deadline 31 January 2025
  • Break fee $225K
  • Outside date 28 February 2025
  • Presiding officer Justice Conway
  • + 3 more extracted facts
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Responding Record of Dorota RubinoffPDF
First Report of the Proposal Trustee (KPMG Inc.) - Brands International Corporation
  • Financial position Liabilities $12.5M · as at — · per Company estimate; unaudited · Entity - Brands International Corporation — Company estimates total liabilities of approximately $12.5 million, including approximately $6.7 million owing to CWB, as at the Filing Date (December 24, 2024). Also includes accrued vacation pay owing to current and former employees of approximately $35,000 in aggregate as at the Filing Date. Company advised no amounts owing on account of harmonized sales tax for periods prior to the Filing Date.
  • Purchaser AMG Global Holdings ULC (stalking horse) · the Purchased Assets (as defined in the Stalking Horse APA) · asset sale · proposed
  • Sale outcome Sale process approved — approval of a formal sale solicitation process
  • Secured creditors Note: Affiliate of CWB; one of a limited number of PPSA registrants · Page: 9 · Debtor: Brands International Corporation · Creditor: CWB National Leasing Inc. · Currency: CAD · Security: PPSA registration relating to leasing/financing of equipment
  • + 1 more extracted fact
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Motion Record - Moving Party - Brands International Corporation
  • Applicant Brands International Corporation
  • Appointee KPMG Inc.
  • Appointee role proposal trustee
  • Commencement date 27 December 2024
  • + 6 more extracted facts
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Certificate for the Notice of Intention - 31-3169618
Brands International Corporation — NOI filed, Ontario.
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Proof of Claim Form [ ]PDF
Proxy Form [ ]PDF

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

CiteProceedings., “Brands International Corporation” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/brands-international-corporation

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Sources last checked · summary updated 7 August 2026 · Report a correction · Printed from proceedings.ca/case/brands-international-corporation

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.