Healthology International Inc.
FollowActive
- Proceeding
- BankruptcyBANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c B-3, AS AMENDED
- File
- BK-25-03224866-0032
Filings held9
Last activity9 Jul 2025
On the record439 days
Secured debt$1.9M
OverviewSummary updated
Healthology International Inc. is the subject of an active bankruptcy proceeding before the Ontario Superior Court of Justice, Commercial List (in Bankruptcy and Insolvency), under court file number BK-25-03224866-0032. No dated milestones have been recorded on this page.
Proceedings AIAsk this case — answers cite the filings
Case updates10 dated entries
#Sale
The court granted an approval and vesting order. Court file BK-25-03224866-0032.
Source: Approval and Vesting Order
#Order
Approval and Vesting Order was filed. Court file BK-25-03224866-0032.
Source: Approval and Vesting Order
#Filing
Motion Record of the Trustee – Volume 1 of 2 – Returnable 9 July 2025 — Application / notice of application
#Filing
Motion Record of the Trustee – Volume 2 of 2 – Returnable 9 July 2025 — Application / notice of application
Parties
Debtor
Healthology International Inc.
Trustee in bankruptcy
Baigel Corp.
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Jul 2025 | 182 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyBaigel Corp. | Capstone Legal | 3 Jul 2025 | Service list · 3 Jul 2025 |
| Purchaser | Cohen Buchan Edwards LLP | 3 Jul 2025 | Service list · 3 Jul 2025 |
| CreditorHOOPP Realty Inc | Pallett Valo LLP | 3 Jul 2025 | Service list · 3 Jul 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Thomas Austin BedfordGeneral Security Agreement dated February 18, 2025 securing (a) Grid Note dated June 8, 2021, principal $890,000.00, and (b) Note #1 (November 1, 2020), original principal $1,585,430.08, of which $456,804.42 repaid, leaving outstanding principal of $1,128,625.66 as of February 18, 2025; PPSA registration No. 20250218 1018 1590 8374 (10-year period), blanket collateral: Inventory, Equipment, Accounts, Other, Motor Vehicle — Related party: Bedford identifies himself as 'Owner' on Proof of Claim; Note #1 was originally styled an 'Unsecured Note' but was later secured under the GSA. Debt stated du · as of 19 May 2025 | $1.9M | Motion Record of the Trustee – Volume 2 of 2 – Returnable 9 July 2025 |
| 4 | Secured | HOOPP Realty Inc. · in 2 casesLease agreement dated December 6, 2019, as amended by lease amending agreement dated November 17, 2021; PPSA registration No. 20191218 1642 1901 1572 (8-year period), collateral: Inventory, Equipment, Accounts, Other, Motor Vehicle (blanket all-property registrant) — Trustee's counsel opinion (Capstone Legal, June 4, 2025) confirms a valid security interest over all of Healthology's personal property enforceable against the trustee, subject to BIA provisions re rental arrears/accelerated rent, and subject to any disclaimer of the lease affecting future-loss claims; no opinion expressed on the | — | Motion Record of the Trustee – Volume 2 of 2 – Returnable 9 July 2025 |
| 4 | Secured | Royal Bank of Canada · in 556 casesPPSA registration No. 20210504 1438 1530 0413 (5-year period), collateral: Inventory, Equipment, Accounts, Other, Motor Vehicle (blanket all-property registrant) — Blanket all-property registrant; no balance stated in the document — debtor: Healthology International Inc. | — | Motion Record of the Trustee – Volume 2 of 2 – Returnable 9 July 2025 |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesCWB National Leasing Inc., registration No. 20220712 1327 6005 1196 (4-year period), collateral: Equipment - 'All racking system of every nature or kind described in agreement number 3095734'; G.N. Johnston Equipment Co. Ltd., registration No. 20230106 1003 1462 9266 (3-year period), collateral: Equipment, Motor Vehicle - 2022 Raymond Lift Truck, Battery M90004S24MARG S/N FEB0698 REF. 642880 — Serialized-equipment financiers aggregated per PPSA search results (as of June 1, 2025); no balances stated. Two earlier CWB National Leasing Inc. registrations (No. 20200220 1509 6005 7925 and No. 20210 | — | Motion Record of the Trustee – Volume 2 of 2 – Returnable 9 July 2025 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processPer the transactions
Sale approvedAncillary Relief Order · 9 Jul 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Healthology Nutraceutical Inc.the assets described in the Bill of Sale · asset sale · nominee/assignee: Prairie Naturals Health Products Inc. | Sealed | Approved9 Jul 2025 | Approval and Vesting Order |
AdvisorsBaigel Corp. (sale agent)Opportunity Teaser
Closing termsVesting effective upon delivery of Trustee's Certificate confirming payment of purchase price, satisfaction/waiver of conditions, and completion of transaction.Approval and Vesting Order
Sealed materialsConfidential Supplement including unredacted Bill of Sale and summary of offersAncillary Relief Order
Documents
9 filings
| Date | Document | File |
|---|---|---|
Ancillary Relief Order
| ||
Approval and Vesting Order
| ||
Endorsement of Justice Kimmel
| ||
Motion Record of the Trustee – Volume 1 of 2 – Returnable 9 July 2025
| ||
Motion Record of the Trustee – Volume 2 of 2 – Returnable 9 July 2025
| ||
Factum of the Trustee
| ||
Service List
| ||
Opportunity Teaser
| ||
| Certificate of Appointment | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Healthology International Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/healthology-international-inc