Fluid Brands Inc

Proceeding: NOIsubsection 50.4(1) of the Bankruptcy and Insolvency Act
Court: Ontario Superior Court of Justice
File: 31-2436097
Industry: Retail

Filings held18

Last activity11 Mar 2019

On the record2,933 days

OverviewSummary updated 24 August 2026

Fluid Brands Inc. filed a notice of intention under subsection 50.4(1) of the Bankruptcy and Insolvency Act on October 25, 2018, before the Ontario Superior Court of Justice under court files 31-2436097 and 31-2436108. Richter Advisory Group Inc. is named as licensed insolvency trustee. The list of creditors records unsecured claims including $24,000,000.00 owed to the Canadian Imperial Bank of Commerce, $14,700,000.00 to Isaac Bennet Sales Agencies Inc. and $9,600,000.00 to F.B.I. Inc. The matter remains active.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

FormProof of Claim – dated January 16, 2019

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Case updates18 dated entries

11 Mar 2019

#Report

Notice of Wage Earner Protection Program Act – dated March 11, 2019 — Stakeholder communication

Priority class	Creditor	Amount	Source
Unsecured	Canadian Imperial Bank of Commerce · in 72 casesas of NOI filing date — debtor: Fluid Brands Inc.	$24M	Notice to Creditors of Intention to make a Proposal of Fluid Brands Inc., 11041037 Canada Inc., and 11041045 Canada Inc. – dated November 1, 2018
Unsecured
Unsecured

Purchaser	Price	Status	Source
266Purchased FF&E · asset sale	Subscribers	Closed	Second report of Richter Advisory Group Inc. in…
2668602 Ontario Inc.the furniture, fixtures and equipment (‘FF&E’) located at 23 of the Bombay / Bowring retail locations as well as the Fluid Entities’ head office and distribution centre · asset sale	not stated	Closed13 Dec 2018	Supplementary Second Report of Richter…
2668602 Ontario Inc.all indebtedness owing to CIBC by the Fluid Entities together with the Credit Agreement and all security related thereto (the 'CIBC Debt and Security') · asset sale	not stated	Closed	Supplementary Second Report of Richter…

Date	Document	File
11 Mar 2019	Notice of Wage Earner Protection Program Act – dated March 11, 2019	PDF · Subscribers

22 Jan 2019	Amended Certificate of Assignment – dated January 22, 2019	PDF · Subscribers

16 Jan 2019	Notice of Bankruptcy, First Meeting of Creditors – dated January 16, 2019 Financial position Subscribers	PDF · Subscribers

16 Jan 2019	Proof of Claim – dated January 16, 2019	PDF · Subscribers

18 Dec 2018	Order of Master G. Hainey dated December 18, 2018 Counsel Torkin Manes LLP Presiding officer Associate Judge G. Hainey	PDF · Subscribers

17 Dec 2018	Supplementary Second Report of Richter Advisorty Group in its capacity as Trustee under the Notices of Intention to Make a Proposal of Fluid Brands Inc., 11041037 Canada Inc. (Bombay) and 11041045 Canada Inc.(Bowring) – dated December 17, 2018 Closing confirmed Closed · 5 Dec 2018 · 2668602 Ontario Inc.; Closed · 13 Dec 2018 · 2668602 Ontario Inc. Purchaser 2668602 Ontario Inc. · the furniture, fixtures and equipment (‘FF&E’) located at 23 of the Bombay / Bowring retail locations as well as the Fluid Entities’ head office and distribution centre · asset sale · closed; 2668602 Ontario Inc. · all indebtedness owing to CIBC by the Fluid Entities together with the Credit Agreement and all security related thereto (the 'CIBC Debt and Security') · asset sale · closed Sale advisor Merchant Retail Solutions, ULC and Gordon Brothers Canada, ULC (liquidator) Sale outcome Liquidation in progress — The Liquidation Sale of owned inventory and FF&E at the Bombay/Bowring locations, ongoing + 1 more extracted fact	PDF · Subscribers

13 Dec 2018	Second report of Richter Advisory Group Inc. in its capacity as Trustee under the Notices of Intention to Make a Proposal of Fluid Brands Inc., 11041037 Canada Inc. (Bombay) and 11041045 Canada Inc. (Bowring) – dated December 13, 2018 Purchaser 266 · Purchased FF&E · asset sale · closed Sale advisor Merchant Retail Solutions, ULC and Gordon Brothers Canada, ULC (liquidator) Sale outcome Liquidation in progress — The Liquidation Sale commenced on or about November 5, 2018 and, in accordance with the terms of the Consulting Agreement, will conclude no later than December 31, 2018. Fee schedule Subscribers + 1 more extracted fact	PDF · Subscribers

11 Dec 2018	Motion Record – (Motion for Extension of Time Returnable December 18, 2018) – dated December 11, 2018	PDF · Subscribers

2 Nov 2018	Administrative Order – dated November 2, 2018 Counsel Torkin Manes LLP	PDF · Subscribers

2 Nov 2018	Endorsement (Re: Merchandise) – dated November 2, 2018	PDF · Subscribers

2 Nov 2018	Liquidation Process Order – dated November 2, 2018 Counsel Torkin Manes LLP Order date 2 November 2018 Sale advisor Merchant Retail Solutions ULC (liquidator); Gordon Brothers Canada ULC (liquidator) Sale outcome Liquidation in progress — Approval of a liquidation/consulting agreement to sell Merchandise and FF&E through store closing sales + 1 more extracted fact	PDF · Subscribers

1 Nov 2018	Factum of the Debtors (Motion Returnable November 2, 2018) – dated November 1, 2018 Counsel Torkin Manes LLP	PDF · Subscribers

1 Nov 2018	First report of Richter Advisory Group Inc. in its capacity as Trustee under the Notices of Intention to Make a Proposal of Fluid Brands Inc., 11041037 Canada Inc. (Bombay) and 11041045 Canada Inc. (Bowring) – dated November 1, 2018 Sale advisor Merchant Retail Solutions, ULC and Gordon Brothers Canada, ULC (liquidator) Sale outcome Liquidation in progress — liquidation sale of the Fluid Entities' inventory and owned FF&E, with a Sale Process being considered Stalking horse Subscribers	PDF · Subscribers

1 Nov 2018	Motion Record (Volume 1 of 2) returnable on November 2, 2018 – dated November 1, 2018 Court ONTARIO SUPERIOR COURT OF JUSTICE IN BANKRUPTCY AND INSOLVENCY COMMERCIAL LIST Court file no 31-2436097 Proceeding type bia_noi	PDF · Subscribers

1 Nov 2018	Motion Record (Volume 2 of 2) returnable on November 2, 2018 – dated November 1, 2018	PDF · Subscribers

1 Nov 2018	Notice to Creditors of Intention to make a Proposal of Fluid Brands Inc., 11041037 Canada Inc., and 11041045 Canada Inc. – dated November 1, 2018 Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

25 Oct 2018	Certificat of filing of a Notice of Intention to make a Proposal – dated October 25, 2018 Appointee RICHTER ADVISORY GROUP INC / RICHTER GROUPE CONSEIL INC Appointee role Licensed Insolvency Trustee Commencement date 25 October 2018 Court file no 31-2436097 + 1 more extracted fact	PDF · Subscribers

25 Oct 2018	Certificate of filing of a Notice of Intention to Make a Proposal – dated October 25, 2018 Appointee RICHTER ADVISORY GROUP INC / RICHTER GROUPE CONSEIL INC Appointee role Licensed Insolvency Trustee Commencement date 25 October 2018 Court file no 31-2436108 + 1 more extracted fact	PDF · Subscribers