Crown Crest Group of Companies
- Proceeding
- CCAACCAA
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-23-00709183-00CL
- Industry
- Business & consumer services · Rental & leasing
Crown Crest Group of Companies has been under court protection since November 9, 2023, when an initial order was granted in the Ontario Superior Court of Justice under file CV-23-00709183-00CL. The proceeding remains active. Peoples Trust Company is the principal source of secured financing to the Crown Crest Financial, Crown Crest Funding, Crown Crest Capital Management and Simply Green debtors, holding three warehouse loan agreements and secured debenture facilities, general security agreements registered in Ontario, British Columbia and Alberta and through local agents in Saskatchewan, Manitoba, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador, and concurrent lease agreements over specified consumer rental agreement portfolios. Osler and local counsel opinions confirm that security as valid, enforceable and perfected. Combined PTC indebtedness was approximately $261.7 million as at December 6, 2025, aggregating the pre-filing loan agreement balance, the post-filing DIP facility and acknowledged debt under the CLA Release Agreement.
The officer filed report no. Twelfth Report. Following closing of the Transaction and the sale of substantially all business and assets, the Debtors have no ongoing operations and are transitioning toward bankruptcy proceedings for an orderly wind-up.
Source: Twelfth Report of the Monitor
The officer filed report no. Eleventh Report. Following the closing of the Transaction and completion of the Transition Services Agreement period, the Debtors have no ongoing operations, as substantially all of the business and assets were sold; the Monitor is now seeking discharge of the CRO and enhanced powers to wind down remaining matters.
Source: Eleventh Report of the Monitor
The officer filed report no. Supplement to the Tenth Report. The Transaction closed on December 15, 2025, with the Monitor confirming closing via its certificate, and the Monitor intends to proceed with a $175 million distribution to PTC and related payments upon issuance of the Distribution Order.
The court granted an approval and vesting order for the sale to 1001363332 Ontario Inc. Closing terms, as extracted: vesting occurs upon delivery of the Monitor's Certificate. Sealed: unredacted copy of the APA, confidential Appendix 'B' to the Ninth Report.
Source: Approval and Vesting Order
The officer filed report no. Ninth Report. The Debtors, under the CRO's stewardship and Monitor's supervision, continued operating in the ordinary course while the Monitor pursued approval of a sale transaction (the APA) resulting from the SISP, with the Buyer to acquire substantially all assets as a going concern.
Source: Ninth Report of the Monitor
The officer filed report no. Eighth Report. The Debtors have stabilized operations under the CRO's stewardship and continue operating in the ordinary course while the Monitor and Sales Agent conduct a sale and investment solicitation process (SISP), which has resulted in selection of a Successful Bid; the Debtors are seeking a further stay extension to close the transaction.
Source: Eighth Report of the Monitor
Initial order granted, commencing the Crown Crest proceedings in the Ontario Superior Court of Justice under court file CV-23-00709183-00CL; Peoples Trust Company's secured financing predates the filing.
Source: Initial Order Endorsement
Outcome brief
Crown Crest: the class action settled first, then the leases sold
Peoples Trust took the Simply Green home-equipment rental group into the CCAA while a class action sought to rescind its leases. The class claims settled first; the business then sold for $194,317,120.94. Peoples Trust was owed about $87.4 million at March 31, 2026, and the monitor has concluded unsecured creditors will recover nothing.
Debtor
Crown Crest Group of Companies
Monitor
KPMG
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 16 orders, Nov 2023 – Dec 2025 | 310 cases on record |
Counsel of record
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Peoples Trust Company · in 6 casesWarehouse Lines of Credit (#1 and #2) and term loan (originally a $10,000,000 convertible debenture), each secured by select finance receivables; also blanket PPSA/PPR registrations covering all present and after-acquired personal property of the Simply Green/Crown Crest entities (Ontario and BC registrations, incl. BC base reg. 869784P dated Oct 25, 2023) — Loans payable total per Note 8 to Dec 31, 2022 financial statements; facility limits: WLOC#1 authorized to $30,000,000 (max drawn limit $5,500,000 at 12/31/22); WLOC#2 authorized to $25,400,000 (max drawn limit $19,514,800); term loan orig · as of 31 Dec 2022 | $24.4M | Application Record CCAA Application - Part 05 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors |
9 more claims in 2 classes The stack holds Secured and PMSI / lessors claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 1 proposed · 1 approved · 1 closed — the Transaction closed and substantially all of the business and assets of the Debtors were sold pursuant to the TransactionTwelfth Report of the Monitor · 22 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Successful Bidder under the SISP, unnamed pending Approval Order motionthe Transaction · auction | not stated | Proposed | Eighth Report of the Monitor |
| 1001363332 Ontario Inc.substantially all of the assets of the Debtors, including all Customer Contracts · asset sale · agreement 8 Oct 2025 | Sealed | Approved | Ninth Report of the Monitor |
| 1001363332 Ontario Inc.the rights and obligations of the Sellers under the Assigned Contracts · asset sale · agreement 8 Nov 2025 | Subscribers | Closed15 Dec 2025outside 31 Dec 2025 | Twelfth Report of the Monitor |
Unsecured creditors: no recovery.Sixth Report of the Monitor · 25 Mar 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no recoveryconditional | per the monitor | Sixth Report of the Monitor · 25 Mar 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.
5 engagements · 2 firms — latest: Osler, Hoskin & Harcourt LLP, 1 Oct 2025 – 31 Mar 2026Eleventh Report of the Monitor · 22 Apr 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| KPMG Inc.Monitorperiod 1 of 2 | 25 Oct 2023 – 31 Jul 2024 | — | — | Fourth Report of the Monitor · 19 Sep 2024 | |
| KPMG Inc.Monitorperiod 1 of 2 | KPMG Fee Period | — | — | Eleventh Report of the Monitor · 22 Apr 2026 | |
| Osler, Hoskin & Harcourt LLPCounsel to the monitorperiod 3 of 3 | 1 Oct 2025 – 31 Mar 2026Sought | — | Eleventh Report of the Monitor · 22 Apr 2026 | ||
| Osler, Hoskin & Harcourt LLPCounsel to the monitorperiod 2 of 3 | 1 May – 30 Sep 2025Sought | — | Ninth Report of the Monitor · 3 Nov 2025 | ||
| Osler, Hoskin & Harcourt LLPCounsel to the monitorperiod 1 of 3 | 25 Oct 2023 – 31 Jul 2024 | — | Fourth Report of the Monitor · 19 Sep 2024 |
8 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$24M
As at 21 Oct 2025Eighth Report of the Monitor
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Stay Extension Order
| PDF · Subscribers | |
Twelfth Report of the Monitor
| PDF · Subscribers | |
Distribution Stay Extension and Other Relief Order
| PDF · Subscribers | |
Eleventh Report of the Monitor
| PDF · Subscribers | |
Distribution Order
| PDF · Subscribers | |
Monitors Certificate
| PDF · Subscribers | |
Supplementary to the Tenth Report of the Monitor
| PDF · Subscribers | |
Tenth Report of the Monitor
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Assignment Order
| PDF · Subscribers | |
| Supplemental Motion Record of the Monitor | PDF · Subscribers | |
Ninth Report of the Monitor
| PDF · Subscribers | |
Eighth Report of the Monitor
| PDF · Subscribers | |
SISP Teaser
| PDF · Subscribers | |
NOI Discharge (HCSI 1)
| PDF · Subscribers | |
NOI Discharge (HCSI 2)
| PDF · Subscribers | |
SISP Approval and Other Relief Order
| PDF · Subscribers | |
SISP Procedure
| PDF · Subscribers | |
Second Amended and Restated Initial Order
| PDF · Subscribers | |
Supplementary Report of the Monitor
| PDF · Subscribers | |
HCSI 1 - Creditor Package
| PDF · Subscribers | |
HCSI 2 - Creditor Package
| PDF · Subscribers | |
| Joint Report of the Monitor and Trustee | PDF · Subscribers | |
| Certificate for the Notice of Intention (HCSI 1) | PDF · Subscribers | |
| Certificate for the Notice of Intention (HCSI 2) | PDF · Subscribers | |
Settlement Approval Order
| PDF · Subscribers | |
| Motion Record of the Monitor Part 1 of 2 | PDF · Subscribers | |
Motion Record of the Monitor Part 2 of 2
| PDF · Subscribers | |
Sixth Report of the Monitor
| PDF · Subscribers | |
| Fifth Report of the Monitor | PDF · Subscribers | |
Aide Memoire of the Monitor
| PDF · Subscribers | |
Factum of the Monitor
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
Order Endorsement
| PDF · Subscribers | |
Stay Extension Dip Amendment and Other Relief Order
| PDF · Subscribers | |
| Motion Record of the Monitor | PDF · Subscribers | |
| Third Report of monitor | PDF · Subscribers | |
Stay Extension and Other Relief Order
| PDF · Subscribers | |
Stay Extension and Other Relief Order Endorsement
| PDF · Subscribers | |
| Motion Record of the Monitor - Part 01 | PDF · Subscribers | |
Motion Record of the Monitor - Part 02
| PDF · Subscribers | |
| Second Report of the Monitor | PDF · Subscribers | |
ARIO Endorsement
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
| Factum of the Class Action Plaintiffs | PDF · Subscribers | |
| First Report of the Monitor | PDF · Subscribers | |
| List of Known Creditors | PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
| Supplementary Factum of the Applicant | PDF · Subscribers | |
Affidavit of Karen Whibley - Sworn 2023-11-15 - Part 01
| PDF · Subscribers | |
Affidavit of Karen Whibley - Sworn 2023-11-15 - Part 02 PDF ]
| PDF · Subscribers | |
| Motion Record Returnable November 17, 2023 - Part 01 | PDF · Subscribers | |
Motion Record Returnable November 17, 2023 - Part 02
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Initial Order Endorsement
| PDF · Subscribers | |
| Application Record CCAA Application - Part 01 | PDF · Subscribers | |
Application Record CCAA Application - Part 02
| PDF · Subscribers | |
Application Record CCAA Application - Part 03
| PDF · Subscribers | |
| Application Record CCAA Application - Part 04 | PDF · Subscribers | |
Application Record CCAA Application - Part 05
| PDF · Subscribers | |
| Factum of the Applicant | 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., “Crown Crest Group of Companies” (CCAA), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/crown-crest-group-of-companies