Clover Inc.
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-2971927
Clover Inc. is bankrupt in Ontario, having made an assignment for the general benefit of creditors on August 2, 2023. The proceeding remains active. The record before the page consists of a court officer report filed on the date of the assignment, which records that the Company itself made the assignment. No further milestones have been entered.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. First Report. Clover's dating app was shut down and removed from app stores immediately upon bankruptcy, all employees were terminated, and the Trustee has only kept the operating bank account open to collect residual receipts, with no ongoing business operations. Court file 31-2971927.
Source: First Report of the Trustee
Court officer report on the record as of commencement, recording that the Company made an assignment for the general benefit of creditors on August 2, 2023.
Source: Trustee’s Preliminary Report
Debtor
Clover Inc.
Trustee in bankruptcy
GlassRatner
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Apr 2025 | 288 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyB. Riley Farber Inc., of the estate of Clover Inc | Miller Thomson LLP | 11 Apr 2025 | Order · 11 Apr 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Jackson Investment Group, LLCas of date of bankruptcy — All of the Company's Property encumbered; sole PPSA (Ontario) registrant against the Company — Secured claim per Statement of Affairs; NIL filed with Trustee to date. Legal opinion on validity/enforceability of security pending (preliminary verbal opinion received that security 'appears reasonable' subject to further review of security documents). Anticipated to suffer a significant shortfall; no surplus expected for preferred or unsecured creditors. — debtor: Clover Inc. | $346K | Trustee’s Preliminary Report |
| 7 | Preferred (BIA s. 136) | Preferred creditors (aggregate as reported) · in 44 casesas of date of bankruptcy — Preferred class (ranks ahead of ordinary unsecured); NIL filed with Trustee to date. Document names no individual creditors. — debtor: Clover Inc. | $1 | Trustee’s Preliminary Report |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of date of bankruptcy — Proofs of claim filed with Trustee to date: $36,962.49 (materially less than the SOA-reported figure). Document names no individual creditors. — debtor: Clover Inc. | $10.2M | Trustee’s Preliminary Report |
Marketed — The Trustee is undertaking this sale process to solicit interest in, and opportunities for a sale or combination of sales of all or substantially all of the Company's intellectual propertyTeaser · 22 Jan 2024
Preferred creditors: no distribution. Jackson Investment Group, LLC short.EstimatedTrustee’s Preliminary Report · 18 Aug 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Jackson Investment Group, LLC | — | shortfallconditional | Estimatedper the trustee | Trustee’s Preliminary Report · 18 Aug 2023 |
| Preferred | preferred or unsecured creditors | — | no distribution | Estimatedper the trustee | Trustee’s Preliminary Report · 18 Aug 2023 |
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.
per Statement of Affairs; assets at estimated realizable value; books and records not audited by the Trustee, who expresses no opinion on validity, exactness or reliability of the information · Entity - Clover Inc. (bankrupt) — Liabilities figure is the Statement-of-Affairs total of provable claims (Secured $345,617.00 + Preferred $1.00 + Unsecured $10,158,440.66 + Contingent $0.00 = $10,504,058.66, as stated in the document's own table); amounts actually filed with the Trustee to date total only $36,962.29.
Cumulative receipts
$324K
As at 7 Apr 2025First Report of the Trustee
Cash on hand
$324K
As at 7 Apr 2025First Report of the Trustee
| Date | Document | File |
|---|---|---|
| Instructions for Proof of Claim Form | ||
| Notice to Potential Beneficiaries | ||
Endorsement of Justice Cavanagh
| ||
Order of Justice Cavanagh (Beneficiaries Identification Procedure Order)
| ||
First Report of the Trustee
| ||
Teaser
| ||
Minutes of the First Meeting of Creditors
| ||
Trustee’s Preliminary Report
| ||
| Certificate of Appointment (Amended) | ||
| Certificate of Appointment | ||
| Creditors Package | ||
| Proof of Claim Form | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Clover Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/clover-inc