#Sale
The court granted an approval and vesting order. Sealed: Exhibit R-1 (Purchase Agreement), Exhibit R-1, Schedules A & B to Exhibit R-4, Exhibit R-6 and Exhibit R-7.
Source: Approval and Vesting Order
Jeaniologie Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)Section 243 or, alternatively, 47 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- File
- 500-11-067058-269
Filings held9
Last activity25 Jun 2026
On the record165 days
Secured debt$6.6M
OverviewSummary updated
Jeaniologie Inc. has been in court-appointed receivership in Quebec since April 9, 2026, on an application under s. 243 of the BIA. Royal Bank of Canada, as successor to HSBC Bank Canada, holds first-ranking conventional hypothecs over the universality of Jeaniologie's present and future movable property and over its accounts at the Bank, and reports $6,598,471.19 in principal and interest outstanding as of April 6, 2026; Franco Di Zazzo, president and shareholder, guaranteed those obligations to CA$1,500,000. Enforcement preceded the appointment: Business Development Bank of Canada published a prior notice of exercise of a hypothecary right against the collateral on February 25, 2026. RBC also alleges that a $3,000,000 hypothec published by Flexport Capital LLC on February 2, 2026 was granted contrary to the loan agreement and without the Bank's knowledge or consent.
Proceedings AIAsk this case — answers cite the filings
Case updates10 dated entries
Parties
Debtor
Jeaniologie Inc.
Applicant
Royal Bank of Canada
Receiver
FTI
Bench and counselPer the orders and service lists on the record
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Davies Ward Phillips & Vineberg LLP | 7 Apr 2026 | Application · 7 Apr 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada (as successor to HSBC Bank Canada) · in 556 casesFirst-ranking conventional hypothec without delivery over the universality of Jeaniologie's movable property, present and future (Collateral) (Exhibit R-6); first-ranking conventional hypothec without delivery over accounts, term deposits and credit balances at the Bank (Exhibit R-6) (together, the 'RBC Security') — Total amount outstanding under the Loan Agreement in principal and interest as of April 6, 2026, per statement of account (Exhibit R-5); also described elsewhere as 'at least $6,598,471.19, excluding fees and interest' (para 12), the exact dated figure being the balance quoted here · as of 6 Apr 2026 | $6.6M | Application to Appoint a Receiver |
| Secured | Fédération des Caisses Desjardins du Québec · in 42 casesMovable hypothec without delivery, principal amount $10,000,000, published RDPRM June 10, 2025 (no. 25-0737464-0001), benefiting from assignments of rank by IQ (25-0806526-0001), BDC (25-0806526-0002) and RBC (25-0850397-0001); also holds a granted priority rank over specified accounts receivable (notably from Wal-Mart Canada Corp.) purchased under the May 12, 2025 Factoring Agreement, with RBC having assigned its prior ranking security over such receivables to Desjardins pursuant to an Intercreditor Agreement dated July 3, 2025 — $10,000,000 is a registered/principal amount, not a stated outs | — | Application to Appoint a Receiver |
| Secured | Investissement Québec · in 99 casesThree movable hypothecs without delivery, ranking after the RBC Security: (i) principal $300,000, RDPRM Dec 6, 2018 (no. 18-1348103-0001), subject to cession of rank in favour of RBC (2020) and Desjardins (2025); (ii) principal $600,000, RDPRM Mar 11, 2020 (no. 20-0255200-0001), assigned rank to Desjardins (2025); (iii) principal $750,000, RDPRM Aug 24, 2022 (no. 22-0931097-0001), assigned rank to Desjardins (2025) — Amounts are registered principal ceilings, not stated balances; components not summed. IQ also provided separate guarantee agreements in respect of the Facility Letter (para 46(d) | — | Application to Appoint a Receiver |
| Secured | Business Development Bank of Canada · in 241 casesMovable hypothec without delivery, principal amount $960,000, published RDPRM March 16, 2022 (no. 22-0266490-0001), ranking after the RBC Security, subject to assignment of rank in favour of Desjardins (2025) — Principal/registration amount, not a stated balance. A prior notice of exercise of a hypothecary right (enforcement step) was published against the Collateral by BDC on February 25, 2026 (RPMRR no. 26-0227649-0001) — active enforcement, not discharged security. — debtor: Jeaniologie Inc. | — | Application to Appoint a Receiver |
| Secured | Flexport Capital LLCConventional movable hypothec without delivery, principal amount $3,000,000, published RDPRM February 2, 2026 (no. 26-0119445-0001), over the Collateral — Principal/registration amount, not a stated balance; granted in connection with a USD 2,200,000 unsecured loan added to the Loan Agreement on October 9, 2025 (Exhibit R-29). Grant of this hypothec was contrary to the Loan Agreement/October 9 Amendment Letter and made without the Bank's knowledge or consent — disputed/unauthorized security. — debtor: Jeaniologie Inc. | — | Application to Appoint a Receiver |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
Approval pending — The Receiver conducted a call for tender and selected Le Jean Bleu Inc.'s offer as the best offer, pending Court approval via the AVO Application.Second report · 23 Jun 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Le Jean Bleu Inc.Actifs Achetés (Purchased Assets) · asset sale | SealedBid summary and offer details are filed under seal; described as 'All-cash consideration'. | Closed25 Jun 2026 | Certificat du Séquestre |
AdvisorsServices FL Inc. (sale agent)Second report
Sealed materialsExhibit R-1 (Purchase Agreement); Exhibit R-1, Schedules A & B to Exhibit R-4, Exhibit R-6 and Exhibit R-7Approval and Vesting Order
Documents
9 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order
| ||
Certificat du Séquestre
| ||
Ordonnance de Radiation
| ||
Second report
| ||
Confidential Information Memorandum
| ||
| Mémoire d'information confidentielle | ||
| Amended and restated order appointing a Receiver | ||
| Order Appointing a Receiver | ||
Application to Appoint a Receiver
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Jeaniologie Inc.” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/jeaniologie-inc