Galty B.V. made an assignment in bankruptcy on March 11, 2019, accepted by the Office of the Superintendent of Bankruptcy the same day, with MNP Ltd. acting as Licensed Insolvency Trustee under court file 31-2484304 in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency). The Statement of Affairs sworn as at March 11, 2019 estimates assets of $7,353,142.03 against liabilities of $21,400,489.41, a stated deficiency of $14,047,347.38, with secured and preferred creditors both listed as nil. Unsecured claims are dominated by related party Galty Investments N.V. at $20,169,268.00; other listed creditors include Bennett Jones LLP at $557,934.22, Anne Marie Heinrichs at $256,755.00 and AMI Business Solutions at $204,095.00. The estate remains active.
The officer filed report no. Third Report. Galty B.V. is a bankrupt estate no longer operating; the report focuses on administration of the estate, a settlement with Galty N.V. over a preferential payment, and the pending appeal of ART's disallowed claim. Court file 31-2484304.
The officer filed report no. Second Report. Galty B.V. is a bankrupt estate with no ongoing business operations; the Trustee is focused on administering the bankruptcy, resolving creditor claims, and negotiating a proposed settlement with Galty Investments N.V. regarding a potential preferential payment. Court file 31-2484304.
The officer filed report no. First Report. Galty B.V. is a bankrupt former property investment and holding company with no ongoing business operations; the Trustee is administering the estate, pursuing recovery of sale proceeds held in trust, reviewing claims, and addressing related litigation. Court file 31-2484304.
Debtor
Galty B.V.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Galty Investments N.V.Related party (same corporate group name); no security stated — debtor: Galty B.V. · as of 11 Mar 2019 | $20.2M | Notice of Bankruptcy, dated March 12, 2019 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
8 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansAs at ·
Cumulative receipts
$553K
As at 12 May 2023The Third Report to the Court dated
Cumulative disbursements
As at
Professional fees
As at
2 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 |
|---|---|---|
The Third Report to the Court dated
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The Second Report to the Court dated
| PDF · Subscribers | |
The First Report to the Court dated
| PDF · Subscribers | |
Notice of Bankruptcy, dated March 12, 2019
| 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., “Galty B.V.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/galty-b-v
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/galty-b-v
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.