CFNDRS Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
CFNDRS Inc., formerly known as Design Cofounders Inc. and before that Tailored UX Inc., was placed into court-appointed receivership in proceedings commenced March 2, 2018 in the Ontario Superior Court of Justice under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The receivership followed a demand by Royal Bank of Canada, which on November 7, 2017 called the full amount outstanding of CAD 458,313.32, together with unpaid accrued interest and legal and other costs that were not quantified. The bank's position rests on a General Security Agreement dated June 25, 2015, a Visa Agreement dated June 24, 2015, a Confirmation of Credit Facilities Letter dated March 3, 2016, and a Master Lease Agreement dated May 19, 2016. The proceeding is closed.
Debtor
CFNDRS Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Myers | Ontario Superior Court of Justice | 3 orders, Dec 2017 – Mar 2018 | 117 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Jul 2018 | 143 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Aird & Berlis LLP | 26 Jul 2018 | Endorsement · 26 Jul 2018 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 584 casesGeneral Security Agreement dated June 25, 2015; Master Lease Agreement dated May 19, 2016; Confirmation of Credit Facilities Letter dated March 3, 2016; Visa Agreement dated June 24, 2015 — Amount stated as full amount outstanding demanded November 7, 2017; also indebted for unpaid accrued interest and legal and other costs (unquantified) — debtor: CFNDRS Inc., formerly known as Design Cofounders Inc., formerly known as Tailored UX Inc. · as of 7 Nov 2017 | $458K | Application Record Returnable December 7, 2017 |
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.
Closed · the record states no distribution outcome.
2 engagements · 2 firms — latest: Aird & Berlis LLPMotion Record · 9 Jul 2018
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Aird & Berlis LLPCounsel to the receiver | — | — | — | Motion Record · 9 Jul 2018 | |
| msi Spergel Inc.Receiver | — | — | Motion Record · 9 Jul 2018 |
3 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Discharge Order of Honourable Justice McEwen
| PDF · Subscribers | |
Endorsement of Honourable Justice McEwen
| PDF · Subscribers | |
Motion Record Returnable July 26, 2018
| PDF · Subscribers | |
Endorsement of Honourable Justice Myers
| PDF · Subscribers | |
Receivership Order of Honourable Justice Myers
| PDF · Subscribers | |
Endorsement of Honourable Justice Myers – December 20 2017
| PDF · Subscribers | |
Application Record Returnable December 7, 2017
| 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., “CFNDRS Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/cfndrs-inc