Bravado Designs Ltd.
- Proceeding
- NOIBIA s. 50.4
- Industry
- Manufacturing · Textiles, apparel & furniture
Bravado Designs Ltd. filed a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act on June 10, 2025 in Ontario, and the proceeding is now recorded as closed. The list of creditors with claims of $250 and more filed with the notice is dominated by a related party: the Swiss parent, Bravado Holding AG of Zug, at $10,299,581.57. The Receiver General for Canada is listed at $56,473.46 as a deemed trust claim for source deductions, and HongKong Bonny Limited at $315,032.50. Several entries carry a nominal $1.00 placeholder rather than a quantified amount, including employees, whose claims are not itemized and whose address is shown as confidential, RBC, Canada Life, Manulife Financial and 610 Applewood Inc.
A claims procedure has been established — see the order for deadlines.
Motion Record (re Approval of Proposal, Additional Powers and Ancillary Relief Order and the Bravado Canada AVO) — Application / notice of application
Motion Record of the Company (re Stay Extension and Sale Process Approval Order) — Application / notice of application
Bravado Designs Ltd. — NOI filed, Ontario.
Source: Certificate of Notice of Intention to Make a Proposal
Guide
What to do when a company that owes you money goes bankrupt in Canada
When a Canadian company that owes you money goes bankrupt or into creditor protection, what you actually get back is usually a fraction of the debt, often nothing, and only if your claim is in on time. How to find the case, file a claim, meet a bar date, vote on a plan, take back goods and get paid, drawn from the court record.
Debtor
Bravado Designs Ltd.
Proposal trustee
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 3 orders, Oct 2025 | 318 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Jul 2025 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantBravado Designs Ltd. | Blake, Cassels & Graydon LLP | 8 Jul 2025 | Order · 8 Jul 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Receiver General for Canada · in 52 casesas of NOI filing date — Deemed trust class (Receiver General/source deductions) — debtor: Bravado Designs Ltd. | $56.5K | List of Creditors |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
49 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution. Sponsor a distribution.Under the plan · sanctionedApproval of Proposal, Additional Powers and Ancillary Relief · 20 Oct 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in full | Under the plansanctionedper the court | Approval of Proposal, Additional Powers and Ancillary Relief · 20 Oct 2025 |
| Preferred | Employee Termination Claims | — | paid in full | Under the plansanctionedper the court | Approval of Proposal, Additional Powers and Ancillary Relief · 20 Oct 2025 |
| Unsecured | — | — | a distribution | Under the plansanctionedper the court | Approval of Proposal, Additional Powers and Ancillary Relief · 20 Oct 2025 |
| UnsecuredSubordinated Intercompany Claim | Sponsor | — | a distribution | Under the plansanctionedper the court | Approval of Proposal, Additional Powers and Ancillary Relief · 20 Oct 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.
| Date | Document | File |
|---|---|---|
| Closing Certificate of the Proposal Trustee | PDF · Subscribers | |
Approval of Proposal, Additional Powers and Ancillary Relief
| PDF · Subscribers | |
Bravado Canada Approval and Vesting Order (AVO)
| PDF · Subscribers | |
Endorsement of J. Cavanagh
| PDF · Subscribers | |
Factum of the Company
| PDF · Subscribers | |
| Second Report of the Proposal Trustee | PDF · Subscribers | |
Motion Record (re Approval of Proposal, Additional Powers and Ancillary Relief Order and the Bravado Canada AVO)
| PDF · Subscribers | |
| Proxy form | PDF · Subscribers | |
| Voting Letter | PDF · Subscribers | |
Endorsement of J Conway (re Stay Extension and Sale Process Approval Order)
| PDF · Subscribers | |
Stay Extension and Sale Process Approval Order
| PDF · Subscribers | |
| First Report of the Proposal Trustee | PDF · Subscribers | |
| Motion Record of the Company (re Stay Extension and Sale Process Approval Order) | PDF · Subscribers | |
| FAQ's - Employees | PDF · Subscribers | |
| FAQ's - Suppliers | PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
| NOI Notice | PDF · Subscribers | |
| Certificate of Notice of Intention to Make a Proposal | PDF · Subscribers | |
Creditor Package
| PDF · Subscribers | |
| Proof of Claim | 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., “Bravado Designs Ltd.” (NOI). Retrieved 5 November 2026, https://proceedings.ca/case/bravado-designs-ltd