Creative Wealth Media Finance Corp.
FollowActive
- Proceeding
- BankruptcyParagraph 50.4(8)(b.1) of the Bankruptcy and Insolvency Act
- File
- BK-24-03003083-0031
Filings held38
Last activity12 Sep 2025
On the record998 days
OverviewSummary updated
Creative Wealth Media Finance Corp. is bankrupt. The bankruptcy commenced on December 28, 2023, with RSM Canada Limited as trustee, in the Ontario Superior Court of Justice (court file 31-3003083). As at October 27, 2023, the debtor reported assets of CAD 67,000,000 against liabilities of CAD 103,740,021, a deficiency of CAD 36,740,021. Its unsecured creditors, largely individual investors, are led by Arvind Rao Palep at CAD 11,070,000 and Bruce Berman at CAD 7,998,750, followed by the P&L Northwest Trust at CAD 4,050,000 and Thomas P. Flanagan at CAD 3,847,500. The bankruptcy is active.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates36 dated entries · 2 undated
33 earlier updates, back to 28 December 2023 — subscribers.
Undated filings2 — no date appears on the document · show
2 filings carry no date on their face — subscribers.
Parties
Debtor
Creative Wealth Media Finance Corp.
Trustee in bankruptcy
TDB Restructuring
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 3 orders, Jul 2025 – Aug 2025 | 109 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Mar 2024 | 285 cases on record |
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Mar 2024 | 179 cases on record |
| Justice Wilton-Siegel | Ontario Superior Court of Justice | 2 orders, Feb 2024 | 104 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyTDB Restructuring | BAKER & McKENZIE LLP | 4 Mar 2024 | Application · 4 Mar 2024 |
| ApplicantCatalyst Wealth Management Media Fund 1, LLC and the Ad-Hoc Group | Tyr Law LLP | 11 Mar 2024 | Order · 11 Mar 2024 |
| DebtorCreative Wealth Media Finance Corp. | Bennett Jones LLP | 29 Feb 2024 | Factum · 5 Mar 2024 |
| CreditorBBPI, L.L.C | Osler, Hoskin & Harcourt LLP | 26 Jul 2025 | Service list · 26 Jul 2025 |
| CreditorCatalyst Wealth Management Media Fund 1, LLC and the Ad-Hoc Group | Tyr Law LLP | 22 Feb 2024 | Application · 22 Feb 2024 |
| CreditorCatalyst Wealth Management Media Fund I and the Ad Hoc Group | Tyr Law LLP | 26 Jul 2025 | Service list · 26 Jul 2025 |
| CreditorHighmore Trade Finance Funds, LP | Rothstein LLP | 26 Jul 2025 | Service list · 26 Jul 2025 |
| CreditorJason Cloth | Blaney McMurtry LLP | 26 Jul 2025 | Service list · 26 Jul 2025 |
| CreditorJason Cloth District of ONTARIO Division No | Blaney McMurtry LLP | — | Service list |
| CreditorNatalia Vandervoort | Borden Ladner Gervais LLP | 4 Jun 2024 | Endorsement · 4 Jun 2024 |
| CreditorRobert Romo, Romo Partners LLC and Robert Romo 2008 Declaration of Trust | Osler, Hoskin & Harcourt LLP | 26 Jul 2025 | Service list · 26 Jul 2025 |
| CreditorRSM Canada Limited also known as TDB Restructuring Limited | BAKER & McKENZIE LLP | 21 Feb 2024 | Factum · 21 Feb 2024 |
| CreditorThree Point Capital Holdings, LLC | Blake, Cassels & Graydon LLP | 26 Jul 2025 | Service list · 26 Jul 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Palep, Arvind Raoindividual — debtor: Creative Wealth Media Finance Corp · as of 30 Nov 2023 | $11.1M | Notice of Bankruptcy and First Meeting of Creditors |
RecoveriesAs stated in the filings
Unsecured creditors: not yet estimated.RGI's Report to the Creditors on Preliminary Administration · 14 Dec 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | RGI's Report to the Creditors on Preliminary Administration · 14 Dec 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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
38 filings
| Date | Document | File |
|---|---|---|
Endorsement of Justice Cavanaugh dated September 12, 2025
| PDF · Subscribers | |
Endorsement of Justice Dietrich dated August 5, 2025
| PDF · Subscribers | |
Order of Justice Dietrich (appointing Receiver) dated August 5, 2025
| PDF · Subscribers | |
Tyr LLP Letter to Service List dated July 26, 2025
| PDF · Subscribers | |
| Motion Record (to appoint Receiver) dated July 24, 2025 | PDF · Subscribers | |
Order of Justice Dietrich dated July 23, 2025
| PDF · Subscribers | |
Reasons for Decision dated July 23, 2025
| PDF · Subscribers | |
Factum of the Trustee dated July 14, 2025
| PDF · Subscribers | |
| Motion Record of the Trustee dated June 19, 2025 | PDF · Subscribers | |
| Trustee’s First Report to the Court dated June 18, 2025 | PDF · Subscribers | |
Endorsement of Justice Cavanagh dated June 4, 2024
| PDF · Subscribers | |
Motion Record of Borden Ladner Gervais (Production of Books and Records) dated May 16, 2024
| PDF · Subscribers | |
Supplemental Motion Record of Catalyst Wealth Management Media Fund 1, LLC and the Ad-Hoc Group dated March 12, 2024
| PDF · Subscribers | |
Endorsement of Justice Conway dated March 11, 2024
| PDF · Subscribers | |
Order of Justice Conway (Examination of A. Davids) dated March 11, 2024
| PDF · Subscribers | |
Addendum to the Endorsement of Justice Penny dated March 6, 2024
| PDF · Subscribers | |
Endorsement of Justice Penny dated March 6, 2024
| PDF · Subscribers | |
| Book of Authorities of Creative Wealth Media Lending Inc. dated March 5, 2024 | PDF · Subscribers | |
Factum of Creative Wealth Media Lending Inc. dated March 5, 2024
| PDF · Subscribers | |
| Trustee’s Amended Motion Record (Production of Books and Records) dated March 4, 2024 | PDF · Subscribers | |
Trustee’s Amended Notice of Motion (Production of Books & Records) dated March 4, 2024
| PDF · Subscribers | |
| Affidavit No. 1 of Richard McConnell (Document Production) dated February 29, 2024 | PDF · Subscribers | |
Affidavit of A. Markaroff (Production of Books and Records) sworn February 29, 2024
| PDF · Subscribers | |
| Aide Memoire Brief of Jason Cloth dated February 29, 2024 | PDF · Subscribers | |
Aide Memoire of Creative Wealth Media Lending Inc. dated February 29, 2024
| PDF · Subscribers | |
Endorsement of Justice Wilton-Siegel dated February 23, 2024
| PDF · Subscribers | |
Order of Justice Wilton-Siegel (Document Preservation) dated February 23, 2024
| PDF · Subscribers | |
Abbreviated Book of Authorities of Catalyst Wealth Management Media Fund 1, LLC and the Ad-Hoc Group dated February 22, 2024
| PDF · Subscribers | |
| DRAFT Order of Catalyst Wealth Management Media Fund 1, LLC and the Ad-Hoc Group | PDF · Subscribers | |
Factum of Catalyst Wealth Management Media Fund 1, LLC and the Ad-Hoc Group dated February 22, 2024
| PDF · Subscribers | |
Motion Record of Catalyst Wealth Management Media Fund 1, LLC and the Ad-Hoc Group dated February 22, 2024
| PDF · Subscribers | |
Factum of the Trustee dated February 21, 2024
| PDF · Subscribers | |
| Minutes of the First Meeting of Creditors | PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
RGI's Report to the Creditors on Preliminary Administration
| PDF · Subscribers | |
| Proof of Claim form | PDF · Subscribers | |
Service List
| 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., “Creative Wealth Media Finance Corp.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 21 September 2026, https://proceedings.ca/case/creative-wealth-media-finance-corp