Gross Capital Inc.
- Proceeding
- BankruptcyBIA
- File
- CV-23-00701647-0000
- Industry
- Real estate · Rental & income property
Gross Capital Inc. has been in bankruptcy proceedings under the Bankruptcy and Insolvency Act since October 31, 2022 in the Ontario Superior Court of Justice, carried under estate file 31-2747949 and court file CV-23-00701647-0000. The proceeding remains active. A preliminary list of creditors drawn from the company's own records as at June 25, 2021 shows unsecured claims ranging from $10,000 to $2,550,000, owed largely to individuals, family trusts and numbered Ontario and Canada companies; among the largest are Jules Gross Limited at $2,550,000, 9556290 Canada Inc at $2,500,000, Jerry and Louise Diiorio at $2,100,000 and the Wallace K. Tsuha Trust at $2,000,000. Secured creditors listed include Canadian Imperial Bank of Commerce, Business Development Bank of Canada, Computershare Trust Company of Canada and Meridian One Cap Credit Corp., each with the amount due shown as undetermined.
Statement of Defence of Irina Gross et al. dated May 24, 2024 — Response / objection pleading
Statement of Defence of 2771837 Ontario Inc. et al. dated May 3, 2024 — Response / objection pleading
Statement of Defence of Mark Gross et al. dated March 8, 2024 — Response / objection pleading
Statement of Defence and Crossclaim of Fausto Carnicelli et al. dated February 16, 2024 — Response / objection pleading
Amended Statement of Defence and Crossclaim of Mauro Carnicelli and Dominic Carnicelli dated February 13, 2024 — Response / objection pleading
Statement of Defence and Crossclaim of Werner Dingfeld et al. dated January 17, 2024 — Response / objection pleading
Statement of Defence of Marcia Villafranca dated January 11, 2024 — Response / objection pleading
Responding Motion Record and Cross-Motion of Mark Gross dated January 10, 2023 — Response / objection pleading
The officer filed report no. First Report. The Bankrupt, a former real estate investment firm, ceased operations upon bankruptcy; the Trustee vacated its head office and is focused on investigating pre-bankruptcy conduct and pursuing recovery of amounts owed by a related trust fund rather than any ongoing business operations.
Motion Record of the Bankruptcy Trustee dated October 31, 2022 - Volume 3 of 3 was filed. Court file 31-2747949.
Source: Motion Record of the Bankruptcy Trustee dated October 31, 2022 - Volume 3 of 3
Motion Record of the Bankruptcy Trustee dated October 31, 2022 - Volume 1 of 3 — Application / notice of application
Motion Record of the Bankruptcy Trustee dated October 31, 2022 - Volume 2 of 3 — Application / notice of application
The officer filed report no. Trustee's Report to Creditors on Preliminary Administration. The Company, a real estate investment firm, ceased operating upon its June 25, 2021 bankruptcy and all three employees were terminated. The Trustee is securing books and records and investigating the sources and uses of investor funds.
Source: Gross Capital - Trustee's Report to Creditors on Preliminary Administration - final
Notice of Bankruptcy and First Meeting of Creditors dated June 28, 2021 — Notice to creditors
Debtor
Gross Capital Inc.
Trustee in bankruptcy
AlixPartners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Dec 2022 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyAlixPartners | Aird & Berlis LLP | 31 Oct 2022 | Application · 31 Oct 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada · in 251 casesAmount shown as $1.00, indicating amount due is undetermined or unknown per document footnote — debtor: Gross Capital Inc. · as of 25 Jun 2021 | — | Notice of Bankruptcy and First Meeting of Creditors dated June 28, 2021 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
139 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 plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: not yet estimated.Gross Capital - Trustee's Report to Creditors on Preliminary… · 25 Jun 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | Gross Capital - Trustee's Report to Creditors on Preliminary… · 25 Jun 2021 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
Cash on hand
$2.6M
As at 31 Oct 2022First Report of the Trustee dated October 31, 2022
The total 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 |
|---|---|---|
Update to Creditors dated February 20, 2025
| PDF · Subscribers | |
| Statement of Defence of Irina Gross et al. dated May 24, 2024 | PDF · Subscribers | |
| Statement of Defence of 2771837 Ontario Inc. et al. dated May 3, 2024 | PDF · Subscribers | |
| Statement of Defence of Mark Gross et al. dated March 8, 2024 | PDF · Subscribers | |
Statement of Defence and Crossclaim of Fausto Carnicelli et al. dated February 16, 2024
| PDF · Subscribers | |
| Amended Statement of Defence and Crossclaim of Mauro Carnicelli and Dominic Carnicelli dated February 13, 2024 | PDF · Subscribers | |
| Statement of Defence and Crossclaim of Werner Dingfeld et al. dated January 17, 2024 | PDF · Subscribers | |
| Statement of Defence of Marcia Villafranca dated January 11, 2024 | PDF · Subscribers | |
| Update to Creditors dated October 18, 2023 | PDF · Subscribers | |
| Statement of Claim dated July 21, 2023 | PDF · Subscribers | |
| Notice of Action issued June 23, 2023 | PDF · Subscribers | |
Endorsement of Justice Wilton-Siegel dated March 2, 2023
| PDF · Subscribers | |
| Factum of Mark Gross re Motion returnable March 2, 2023 | PDF · Subscribers | |
| Factum of the Trustee dated February 21, 2023 | PDF · Subscribers | |
| Responding Motion Record and Cross-Motion of Mark Gross dated January 10, 2023 | PDF · Subscribers | |
Endorsement of Justice Kimmel dated December 22, 2022
| PDF · Subscribers | |
Endorsement of Justice Kimmel dated December 6, 2022
| PDF · Subscribers | |
First Report of the Trustee dated October 31, 2022
| PDF · Subscribers | |
Motion Record of the Bankruptcy Trustee dated October 31, 2022 - Volume 1 of 3
| PDF · Subscribers | |
| Motion Record of the Bankruptcy Trustee dated October 31, 2022 - Volume 2 of 3 | PDF · Subscribers | |
Motion Record of the Bankruptcy Trustee dated October 31, 2022 - Volume 3 of 3
| PDF · Subscribers | |
| Update to Creditors dated December 8, 2021 | PDF · Subscribers | |
Endorsement of Justice Patillo dated July 8, 2021
| PDF · Subscribers | |
| Court Order dated July 5, 2021 | PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors dated June 28, 2021
| PDF · Subscribers | |
Certificate of Appointment dated June 25, 2021
| PDF · Subscribers | |
Gross Capital - Trustee's Report to Creditors on Preliminary Administration - final
| 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., “Gross Capital Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/gross-capital-inc