How Fashions International Inc. and 9896481 Canada Inc. filed notices of intention to make a proposal under the Bankruptcy and Insolvency Act, commenced on November 24, 2020 in Quebec. Ernst & Young Inc. is the licensed insolvency trustee. The proceeding, under court file numbers 500-11-059020-202 and 500-11-059021-200, remains active.
The officer filed report no. Preliminary Administration Report of the Trustee. The Companies ceased operations in September 2020 after severe COVID-19 impacts and financial distress; following a sale of IP assets to Captive Brands Corporation, the Trustee is now liquidating remaining Canadian inventory, collecting receivables, and monitoring liquidation of US inventory, with no distribution expected for unsecured creditors.
The officer filed a report. Court file 500-11-059021-200.
Source: 9896481 Canada Inc. - Amended Certificate of Appointment
The officer filed a report. Court file 500-11-059020-202.
Source: How Fashions International Inc. - Amended Certificate of Appointment
The court granted an approval and vesting order for the sale to Captive Brands Corp. Closing terms, as extracted: Vesting occurs upon issuance of the Trustee's Certificate confirming satisfaction of closing conditions and payment of Purchase Price.
Source: Approval and Vesting Order
Trustee's Report to the Court in support of the Motion for Sale Approval and Vesting Order — Court officer report
Debtor
How Fashions International Inc. and 9896481 Canada Inc.
Proposal trustee
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | HSBC · in 15 casesBusiness Assets - Stock In Trade - Inventory (estimated value $250,000.00); Debts Due - Business - Accounts Receivable (estimated value $22,221.72). Security given 2020-10-02. Estimated value of security $272,221.72 total. — List B secured creditor. Amount of claim $6,316,176.00; secured to $272,221.72; unsecured shortfall (balance of claim) $6,043,954.28 carried into List A (see matching unsecured entry) - do not double-count. 2001 McGill College #160, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $6.32M | How Fashions International Inc. – Notice to Creditors |
| 4 | Secured | IQ (Investissement Quebec) · in 4 casesBusiness Assets - Stock In Trade - Inventory; Debts Due - Business - Accounts Receivable. Security given 2020-10-04. Estimated value of security $0.00. — List B secured creditor. Amount of claim $2,150,000.00; estimated realizable value of security $0.00, so the entire $2,150,000.00 unsecured shortfall (balance of claim) is also carried into List A (see matching unsecured entry) - do not double-count. 413 rue St-Jacques, bureau 500, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $2.15M | How Fashions International Inc. – Notice to Creditors |
| 4 | Secured | BDC (Business Development Bank of Canada) · in 44 casesBusiness Assets - Stock In Trade - Inventory; Debts Due - Business - Accounts Receivable. Security given 2020-10-03. Estimated value of security $0.00. — List B secured creditor. Amount of claim $485,360.00; estimated realizable value of security $0.00, so the entire $485,360.00 unsecured shortfall (balance of claim) is also carried into List A (see matching unsecured entry) - do not double-count. 5 Place Ville Marie, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $485K | How Fashions International Inc. – Notice to Creditors |
| 4 | Secured | Employees · in 185 casesDebts Due - Business - Accounts Receivable. Security given 2020-10-01. Estimated value of security $24,404.63 (claim fully covered; balance of claim nil). — List B secured creditor (employee claim charged against A/R). A separate unsecured employee claim of $130,824.65 appears in List A (see matching unsecured entry). Address 6595 St. Urbain Street (debtor premises). — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $24.4K | How Fashions International Inc. – Notice to Creditors |
| 7 | Preferred (BIA s. 136) | Employees · in 185 casesUnsecured portion of employee claims (List A). A separate secured employee claim of $24,404.63 appears in List B (see secured_creditors). List C preferred creditors is nil in this SOA. 6595 St. Urbain Street, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $131K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | HSBC · in 15 casesThis is the unsecured shortfall of HSBC's secured claim; the full $6,316,176.00 claim (secured to $272,221.72) is recorded in secured_creditors. Do not double-count. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $6.04M | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | IQ (Investissement Quebec) · in 4 casesThis is the unsecured shortfall of IQ's secured claim; the full $2,150,000.00 claim (security value $0.00) is recorded in secured_creditors. Do not double-count. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $2.15M | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | One Teaspoon8 Powells Road, Brookvale NSW Australia. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $716K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | BDC (Business Development Bank of Canada) · in 44 casesThis is the unsecured shortfall of BDC's secured claim; the full $485,360.00 claim (security value $0.00) is recorded in secured_creditors. Do not double-count. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $485K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Receiver General · in 75 casesReceiver General / CBSA accounts receivable (customs duties); quasi-governmental. 333 North River Road, Place Vanier, Ottawa ON. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $388K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Steve SheinIndividual / related party: address 6595 Saint Urbain (debtor premises); Steven Shein is the officer who swore the Statement of Affairs. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $220K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | The right move1651 Compton Ave, Los Angeles CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $190K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | FOR LOVE AND LEMONS · in 2 cases2140 E 7th Place A1N, Los Angeles CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $118K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | American express USAPhoenix AZ USA. Amount stated in the $ CA column of the form. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $109K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Jaya Apparel Group LLCDBA Cinq a sept, 5175 South Soto Street, Vernon CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $75.6K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Koral, LLCDBA Koral Los Angeles, 5124 Pacific Blvd, Vernon CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $60.5K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Eleven Eleven Fashion Group LLCDBA One Grey Day, 719 S. Los Angeles Street Suite 1218, Los Angeles CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $54.8K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Federal Express Canada Corporation · in 18 casesPO Box 4626 Toronto STN A, Toronto ON. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $50.1K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | UPS Supply Chain Solutions Inc · in 2 cases28013 Network Place, Chicago IL USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $43.9K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Centric BrandsGreensboro NC USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $43.7K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Momentis5500 ave Royalmount suite 250, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $40.1K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Suiteshop265 Canal Street, New York NY USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $33.2K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Shop PRWest Hollywood CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $32.5K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | AC collective843 S Los Angeles Street, Los Angeles CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $32K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | EDC (Export Development Canada) · in 10 cases150 Slater, Ottawa ON. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $24.6K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Jocelyn52-16 Barnett Avenue, Long Island City NY USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $22.2K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Popping Canada Ltd.60-66 Hanover Street, Fitzroy VIC Australia. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $20.7K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | LNA ClothingCulver City CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $20.2K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Traffic tech · in 5 cases16711 route Transcanadienne, Kirkland QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $15.5K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Manulife · in 8 casesPO Box 187 stn Waterloo, Waterloo ON. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $15.1K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Designs by NikkiCosta Mesa CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $13K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | YRC freight · in 7 cases10990 ROE Ave, Overland Park KS USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $6.48K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Rebox packaging7500 ch de la Cote de Liesse, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $4.45K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Westin Hotels and Resorts10135-100 street, Edmonton AB. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $4.38K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Christina Louiso Style Inc.Westmount QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $2.67K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | UPS Canada · in 92 casesPO Box 4900 Station A, Toronto ON. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $2.1K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Open text corp275 Frank Tompa Drive, Waterloo ON. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $1.38K | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Arrival air and sea5375 rue Pare suite 140, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $754 | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Courriercom3333 boul Cavendish suite 160, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $539 | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Remco5101 Orbitor Drive, Mississauga ON. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $437 | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Little Moon SocietyStudio City CA USA. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $250 | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | EDI gateway · in 6 cases8355 Bougainville, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $150 | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Ministere du Revenu du Quebec · in 23 casesRevenu Quebec; deemed trust class. Stated as nominal $1.00 placeholder in List A (actual amount not quantified by officer). 1600 boul. Rene-Levesque Ouest, Montreal QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $1 | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Coface North America, Inc.Stated as nominal $1.00 placeholder in List A. Canada Branch, Princeton NJ USA. (Trade-credit insurer.) — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $1 | How Fashions International Inc. – Notice to Creditors |
| 8 | Unsecured | Agence du Revenu du Canada · in 719 casesCanada Revenue Agency; deemed trust class. Stated as nominal $1.00 placeholder in List A (actual amount not quantified by officer). 4695 boul. de Shawinigan-Sud, Shawinigan QC. — debtor: How Fashions International Inc. · as of 24 Nov 2020 | $1 | How Fashions International Inc. – Notice to Creditors |
2 transactions · 2 closed — sale of the intellectual property and other intangible assets related to the Ronny Kobo brand and other associated brands closedPreliminary Administration Report of the Trustee for How Fashions… · 8 Dec 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Captive Brands Corp.the property set forth in Schedule "A" hereto (the "Purchased Property") · asset sale · nominee/assignee: a subsidiary or affiliate of Captive Brands Corp. · agreement 23 Sep 2020 | not stated | Closed10 Nov 2020 | Preliminary Administration Report of the… |
| Captive Brands Corporationthe intellectual property and other intangible assets related to the Ronny Kobo brand and other associated brands (the ' Target Assets ') · asset sale · agreement 19 Oct 2020 | $264K USDtotal purchase price of US$264,000, of which US$250,800 was allocated to the Companies and US$14,200 to HOW USA | Closed | Preliminary Administration Report of the… |
Unsecured creditors: no distribution. HSBC Bank Canada short.EstimatedPreliminary Administration Report of the Trustee for How Fashions… · 8 Dec 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredHSBC, the first ranking secured creditor | HSBC Bank Canada | $6Mestimated | shortfall | Estimatedper the trustee | Preliminary Administration Report of the Trustee for How Fashions… · 8 Dec 2020 |
| Unsecured | — | $2.5Mestimated | no distribution | Estimatedper the trustee | Preliminary Administration Report of the Trustee for How Fashions… · 8 Dec 2020 |
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 24 Nov 2020 · per Statement of Affairs (Form 78, Business Bankruptcy under BIA s.49(2)/s.158(d)), as stated and estimated by the officer; sworn 2020-11-24 by Steven Shein · How Fashions International Inc. (Les Modes How International Inc.), single entity — Assignment in bankruptcy deemed made 2020-11-22; SOA sworn 2020-11-24; trustee Ernst & Young Inc. Deficiency (surplus NIL) $11,174,064.61. Liabilities breakdown: unsecured creditors per List A $2,494,750.33 + balance of secured claims per List B $8,679,314.28 = total unsecured $11,174,064.61; secured creditors per List B (estimated value of security) $296,626.35; preferred creditors (List C) $0.00; contingent/other (List D) $0.00. Assets breakdown: inventory estimated to produce $250,000.00 (original cost $653,271.56 per List H) + accounts receivable estimated to produce $46,626.35 (good $46,6
| Date | Document | File |
|---|---|---|
Preliminary Administration Report of the Trustee for How Fashions International Inc. and 9896481 Canada Inc
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9896481 Canada Inc. – Notice to Creditors
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How Fashions International Inc. – Notice to Creditors
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9896481 Canada Inc. - Amended Certificate of Appointment
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How Fashions International Inc. - Amended Certificate of Appointment
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Approval and Vesting Order
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Notice to Creditors
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Trustee's Report to the Court in support of the Motion for Sale Approval and Vesting Order
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| Motion for Sale Approval and Vesting Order | ||
| Certificate of Filing a Notice of Intention | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “How Fashions International Inc. and 9896481 Canada Inc.” (NOI). Retrieved 20 September 2026, https://proceedings.ca/case/how-fashions-international-inc-and-9896481-canada-inc
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/how-fashions-international-inc-and-9896481-canada-inc
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.