#Report
The officer filed report no. Interim Report Under Section 246(2). The receiver continues collecting accounts receivable and warns there may be insufficient funds to fully repay secured creditors, leaving nothing for other creditors.
Diversity Marketing Services Inc.
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- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- File
- CV-13-10131-00CL
OverviewSummary updated
Diversity Marketing Services Inc. is in court-appointed receivership. On June 14, 2013, the Ontario Superior Court of Justice appointed The Fuller Landau Group Inc. as receiver under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of the Royal Bank of Canada (court file CV-13-10131-00CL). RBC holds a secured claim of CAD 4,167,689.14 and BDC Capital Inc. CAD 335,689.14, both under general security agreements. As at May 28, 2013, assets were reported at CAD 1,247,000 and unsecured creditors at a total of CAD 826,311.84. The receivership is active.
Proceedings AIOpen Proceedings AI
Case updates9 dated entries
#Report
The officer filed report no. Interim Report under Section 246(2). The Receiver continues to pursue collection of accounts receivable and notes that secured creditor indebtedness would leave no funds for other creditors.
#Report
The officer filed report no. Interim Report under Section 246(2). The Receiver continues to collect accounts receivable, and there may not be sufficient funds to repay secured creditors, leaving nothing for other creditors.
#Report
The officer filed report no. Interim Report under Section 246(2). The Receiver continued accounts receivable collection activities and completed a Court-approved sale of assets; insufficient funds are expected to repay secured creditors, leaving nothing for other creditors.
#Sale
The court granted an approval and vesting order. Court file CV-13-10131-00CL.
Source: approval and vesting order morawetz j june 14 2013.pdf
Parties
Debtor
Diversity Marketing Services Inc.
Receiver
Fuller Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 2 orders, May 2013 – Jun 2013 | 141 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | Davis LLP (now DLA Piper (Canada) LLP) | 18 Jun 2013 | Service list · 18 Jun 2013 |
| ApplicantRoyal Bank of Canada | Aird & Berlis LLP | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorBDC Capital Inc | Borden Ladner Gervais LLP | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorMerit Paper & Bag Company Limited | Clark, Farb, Fiksel | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 28 May 2013 | Order · 28 May 2013 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesGSA — debtor: Diversity Marketing Services Inc. (Multimedia) · as of 28 May 2013 | $4.17M | receiver notice - diversity.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
3 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 plansSale processAs stated in the filings
Sale approved — Sale Process, Auction Agreement, and Transaction approved by the Courtapproval and vesting order morawetz j june 14 2013.pdf · 14 Jun 2013
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser(s) at Maynards auction, unnamedsome or all of the Fixed Assets as described in the Auction Agreement · auction | Sealed | Approved14 Jun 2013 | approval and vesting order morawetz j june 14… |
AdvisorsMaynards Canada (auctioneer)approval and vesting order morawetz j june 14 2013.pdf
Closing termsvesting effective upon delivery of the Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditionsapproval and vesting order morawetz j june 14 2013.pdf
Sealed materialsappendices re: three auction proposals attached to the Receiver's First Reportapproval and vesting order morawetz j june 14 2013.pdf
Estate financialsReported figures — never derived
Total assets at filing
As at ·
Cumulative receipts
$200K
As at 1 Sep 2015Interim Report Under Section 246(2) to May 28, 2015
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
9 filings
| Date | Document | File |
|---|---|---|
Interim Report Under Section 246(2) to May 28, 2015
| PDF · Subscribers | |
246(2) Diversity to November 28, 2014
| PDF · Subscribers | |
246(2) diversity to may 28-14.pdf
| PDF · Subscribers | |
interim report under section 246(2) - dms.pdf
| PDF · Subscribers | |
service list for website - updated june 18 2013.pdf
| PDF · Subscribers | |
approval and vesting order morawetz j june 14 2013.pdf
| PDF · Subscribers | |
endorsement morawetz j june 14 2013.pdf
| PDF · Subscribers | |
receiver notice - diversity.pdf
| PDF · Subscribers | |
receivership order morawetz j - multicom media may 28 2013 2.pdf
| 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., “Diversity Marketing Services Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/diversity-marketing-services-inc