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.
9896481 Canada Inc. - Amended Certificate of Appointment was filed. Court file 500-11-059021-200.
Source: 9896481 Canada Inc. - Amended Certificate of Appointment
How Fashions International Inc. - Amended Certificate of Appointment was filed. 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 16 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 | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
44 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 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 | Subscribers | 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 | estimated | shortfall | Estimatedper the trustee | Preliminary Administration Report of the Trustee for How Fashions… · 8 Dec 2020 |
| Unsecured | — | estimated | 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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
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 |
|---|---|---|
Preliminary Administration Report of the Trustee for How Fashions International Inc. and 9896481 Canada Inc
| PDF · Subscribers | |
9896481 Canada Inc. – Notice to Creditors
| PDF · Subscribers | |
How Fashions International Inc. – Notice to Creditors
| PDF · Subscribers | |
9896481 Canada Inc. - Amended Certificate of Appointment
| PDF · Subscribers | |
How Fashions International Inc. - Amended Certificate of Appointment
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Trustee's Report to the Court in support of the Motion for Sale Approval and Vesting Order
| PDF · Subscribers | |
| Motion for Sale Approval and Vesting Order | PDF · Subscribers | |
| Certificate of Filing a Notice of Intention | 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., “How Fashions International Inc. and 9896481 Canada Inc.” (NOI). Retrieved 4 November 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.