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.
1 earlier update, back to 11 March 2019 — subscribers.
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 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cumulative receipts
$553K
As at 12 May 2023The Third Report to the Court dated
| Date | Document | File |
|---|---|---|
The Third Report to the Court dated
| PDF · Subscribers | |
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 20 September 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.