Comark Holdings Inc., Bootlegger Clothing Inc., cleo fashions Inc., and Ricki’s Fashions Inc.
- Proceeding
- CCAACompanies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- CV-25-00734339-00CL
- Industry
- Retail · Apparel, footwear & jewellery retail
Guide
What happens to gift cards when a company goes out of business in Canada
When a Canadian store chain files for creditor protection, a court order decides how long its gift cards still work — often about two weeks. What happens after that, and to deposits, refunds, points and bookings, drawn from the 20 retail chains that went to court since 2023.
Debtor
Comark Holdings Inc., Bootlegger Clothing Inc., cleo fashions Inc., and Ricki’s Fashions Inc.
Monitor
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 9 orders, Jan 2025 – May 2025 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorAlvarez & Marsal | Goodmans LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| ApplicantComark Holdings Inc., Bootlegger Clothing Inc., cleo fashions Inc., and Ricki’s Fashions Inc. | Osler, Hoskin & Harcourt LLP | 6 Jan 2025 | Order · 6 Jan 2025 |
| CreditorA Touch of Wood Construction Ltd | Gerrard Rath Johnson LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorBelfor (Canada) Inc | Gerrard Rath Johnson LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorCadillac Fairview Corporation | Torys LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorCameron Corporation | Witten LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorCanadian Imperial Bank of Commerce | Blake, Cassels & Graydon LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorCPP Westland Limited Partnership | Dentons Canada LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorCrombie Developments Limited | Gardiner Roberts LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorDoral Holdings Limited | Fogler, Rubinoff LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorGarden City (WPG) Limited Partnership | Fij Law LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorOxford Properties Group | Thornton Grout Finnigan LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorPurolator Inc | Gerrard Rath Johnson LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
| CreditorTiger Asset Solutions Canada, ULC | Stikeman Elliott LLP | 23 Jul 2025 | Service list · 23 Jul 2025 |
Preferred creditors: no recovery. ParentCo paid in full.Fourth Report of the Monitor · 9 May 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | ParentCo | — | paid in full | Under the planper the debtor | Motion Record · 15 May 2025 |
| Preferred | Terminated Employees (unsecured claims for statutory termination and/or severance pay) | — | no recovery | per the monitor | Fourth Report of the Monitor · 9 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.
2 engagements · 2 firms — latest: Alvarez & Marsal Canada Inc., 7 Jan – 26 Apr 2025Fourth Report of the Monitor · 9 May 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Alvarez & Marsal Canada Inc.Monitor | 7 Jan – 26 Apr 2025Sought | — | — | not stated | Fourth Report of the Monitor · 9 May 2025 |
| Goodmans LLPCounsel | 7 Jan – 26 Apr 2025Sought | — | Fourth Report of the Monitor · 9 May 2025 |
2 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 |
|---|---|---|
Service List
| PDF · Subscribers | |
Endorsement of Justice Cavanagh
| PDF · Subscribers | |
| Factum | PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
Expansion of Monitor’s Powers and CCAA Termination Order
| PDF · Subscribers | |
WEPPA Declaration Order
| PDF · Subscribers | |
| Third Report of the Monitor | PDF · Subscribers | |
Approval and Reverse Vesting Order
| PDF · Subscribers | |
| Stalking Horse Purchase Agreement | PDF · Subscribers | |
Approval and Vesting and DIP Assignment Order
| PDF · Subscribers | |
| Second Report of the Monitor | PDF · Subscribers | |
Stalking Horse Sale Process Approval Order
| PDF · Subscribers | |
Supplementary Endorsement of Justice Cavanagh
| PDF · Subscribers | |
| Factum of the Applicants | PDF · Subscribers | |
| First Report of the Monitor | PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
Realization Process Approval Order
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
| Application Record | PDF · Subscribers | |
| List of Creditors | PDF · Subscribers | |
| Monitor’s Certificate | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
| Pre-Filing Report of the Proposed Monitor | 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., “Comark Holdings Inc., Bootlegger Clothing Inc., cleo fashions Inc., and Ricki’s Fashions Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/comark-holdings-inc-bootlegger-clothing-inc-cleo-fashions-inc-and-ricki-s-fashio