#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.
FollowActive
- 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
Filings held9
Last activity1 Sep 2015
On the record4,847 days
Secured debt$4.17M
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 AIAsk this case — answers cite the filings
Case updates10 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
#Order
On June 14, 2013, the Ontario Superior Court of Justice granted the order appointing The Fuller Landau Group Inc. as receiver of Diversity Marketing Services Inc.
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 | 1 order, May 2013 | 130 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | Davis LLP (now Dla Piper 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 556 casesGSA — debtor: Diversity Marketing Services Inc. (Multimedia) · as of 28 May 2013 | $4.17M | receiver notice - diversity.pdf |
| 4 | Secured | BDC Capital Inc. · in 30 casesGSA — debtor: Diversity Marketing Services Inc. (Multimedia) · as of 28 May 2013 | $336K | receiver notice - diversity.pdf |
| 4 | Secured | Blue Chip Leasing Corporation · in 22 casesLeased equipment — Amount owed stated as unknown — debtor: Diversity Marketing Services Inc. (Multimedia) · as of 28 May 2013 | — | receiver notice - diversity.pdf |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesIndividual creditor list attached as Appendix A but not included in these pages; total amount due as reported by the Company — debtor: Diversity Marketing Services Inc. · as of 28 May 2013 | $826K | receiver notice - diversity.pdf |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale 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$1.25M
As at 28 May 2013 · per Approximate net book value · Diversity Marketing Services Inc. (entity level, assets covered by receivership) — Asset table (accounts receivable 664, intercompany receivable 343, income tax receivable 240; total 1,247) is in $000's, giving total $1,247,000. No total liabilities stated.
Cumulative receipts
$200K
As at 28 May 2015Interim Report Under Section 246(2) to May 28, 2015
Cumulative disbursements
$189K
As at 28 May 2015Interim Report Under Section 246(2) to May 28, 2015
Professional fees to date
$22.3K
As at 28 May 2015Interim Report Under Section 246(2) to May 28, 2015
Documents
9 filings
| Date | Document | File |
|---|---|---|
Interim Report Under Section 246(2) to May 28, 2015
| ||
246(2) Diversity to November 28, 2014
| ||
246(2) diversity to may 28-14.pdf
| ||
interim report under section 246(2) - dms.pdf
| ||
service list for website - updated june 18 2013.pdf
| ||
approval and vesting order morawetz j june 14 2013.pdf
| ||
endorsement morawetz j june 14 2013.pdf
| ||
receiver notice - diversity.pdf
| ||
receivership order morawetz j - multicom media may 28 2013 2.pdf
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Diversity Marketing Services Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/diversity-marketing-services-inc