JC Canada
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 11-2940524
JC Weight Loss Centers Canada Ltd. has been bankrupt since 07:51 on May 4, 2023, when it made an assignment under the Bankruptcy and Insolvency Act in British Columbia, with B. Riley Farber Inc. as licensed insolvency trustee under court file 11-2940524. The Statement of Affairs reflects no recoverable assets for unsecured creditors: the book values disclosed for inventory, trade fixtures and leaseholds, machinery and equipment, goodwill and right-of-use assets are all pledged to Brightwood Loan Services, LLC as collateral agent, which holds all present and after-acquired assets as collateral and, as at May 23, 2023, had neither filed a proof of claim for the secured debt nor enforced its security. Twelve unsecured creditors have filed claims totalling $2,823,231.53, and two preferred claims total $109,126.27. Over $22 million owed by two Jenny Craig affiliates in Chapter 7 is carried at a nominal $1.00 each.
Certificate of Appointment was filed. Court file 11-2940524.
Source: Certificate of Appointment
Debtor
JC Canada
Trustee in bankruptcy
B. Riley Farber
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Brightwood Loan Services, LLC, as Collateral Agentas of date of this report (May 23, 2023) — All present and after-acquired assets pledged as collateral; guarantor under JC US senior credit facility — Statement of Affairs listed secured claims at $4.00 (nominal); amount used is the figure filed with the Trustee (in thousands per table header, but see note on scale ambiguity). Unsecured portion of this secured loan estimated at approximately $320 million (see unsecured entry). Agent has not filed a proof of claim to date for the secured debt. No enforcement of security taken as of report date. — debtor: JC Weight Loss Centers Canada Ltd. | $31.5K | Trustee’s Preliminary Report |
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured |
3 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 plans| Date | Document | File |
|---|---|---|
| Ashby & Geddes Letter to Landlords | PDF · Subscribers | |
Trustee’s Preliminary Report
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Letter to Landlords
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
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CiteProceedings., “JC Canada” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/jc-canada