Crystal Farms Ltd
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Court
- Ontario Superior Court of Justice · In Bankruptcy and Insolvency
- File
- 35-3274213
Crystal Farms Ltd is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), court file 35-3274213. The proceeding commenced on November 12, 2025, the same day an interim order was granted. The record carries no further steps, and the file is now closed. Nothing in the record identifies the assets, the creditors, or the amounts at issue.
An interim order was granted on Wednesday, November 12, 2025, the day the bankruptcy proceeding commenced under Ontario court file 35-3274213.
Debtor
Crystal Farms Ltd
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Macfarlane | Ontario Superior Court of Justice | 2 orders, May 2023 – Oct 2023 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Scott Petrie LLP | 12 Nov 2025 | Order · 12 Nov 2025 |
| Applicant | Scott Petrie LLP | 29 Nov 2022 | Order · 29 Nov 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Xquisite Capital CorpGeneral security over the Property (real property, standing crop, machinery/equipment, accounts receivable); applicant secured creditor on the receivership order — Page 2 states a rounded estimated amount owing of $4,288,500; Schedule A (p.4) gives the exact figure $4,288,463.00, used here as the amount per the exact-dated-balance rule; prose approximation retained here. — debtor: Crystal Farms Limited · as of 9 Dec 2022 | $4.29M | Receiver's 245 Notice |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
79 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Unsecured creditors: paid in full.Under the plan · sanctionedNotice to Creditors of Proposal · 18 Sep 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | All known secured creditors claims, including Xquisite, BNS and CRA | — | paid in full | Finalper the receiver | Fourth and Final Report to the Court · 23 Oct 2025 |
| Secured | — | — | paid in full | Finalper the trustee | Notice to Creditors of Proposal · 18 Sep 2025 |
| Unsecured | — | — | paid in fullvs. in a bankruptcy | Under the plansanctionedper the trustee | Notice to Creditors of Proposal · 18 Sep 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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Receiver’s Discharge Order dated November 18, 2025
| PDF · Subscribers | |
Order Approving Proposal dated November 12, 2025
| PDF · Subscribers | |
Fourth and Final Report to the Court
| PDF · Subscribers | |
Notice to Creditors of Proposal dated September 18, 2025
| PDF · Subscribers | |
Sale Approval and Distribution Order dated October 19, 2023
| PDF · Subscribers | |
| Third Report to the Court | PDF · Subscribers | |
Sale Approval Order dated May 30, 2023
| PDF · Subscribers | |
| Second Report to the Court | PDF · Subscribers | |
| Sale Approval Order dated March 28, 2023 | PDF · Subscribers | |
First Report to the Court
| PDF · Subscribers | |
Appointment Order dated November 29, 2022
| PDF · Subscribers | |
Receiver's 245 Notice
| 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., “Crystal Farms Ltd” (Receivership (court-appointed)), Ontario Superior Court of Justice · In Bankruptcy and Insolvency. Retrieved 4 November 2026, https://proceedings.ca/case/crystal-farms-ltd