#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.
ActiveFollow
- 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
- Industry
- Manufacturing · Textiles, apparel & furniture
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 AIOpen Proceedings AI
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 584 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 | |||
| Secured | |||
| Secured | |||
| Secured |
4 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount.
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See all plansThis 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.the assets described in the Purchase Agreement and in Schedule 'A' hereto (the "Purchased Assets") · asset sale | Subscribers | 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-7; Schedules A & B to Exhibit R-4 (Receiver's Report)Approval and Vesting Order
Documents
9 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order
| PDF · Subscribers | |
Certificat du Séquestre
| PDF · Subscribers | |
Ordonnance de Radiation
| PDF · Subscribers | |
Second report
| PDF · Subscribers | |
Confidential Information Memorandum
| PDF · Subscribers | |
Mémoire d'information confidentielle
| PDF · Subscribers | |
| Amended and restated order appointing a Receiver | PDF · Subscribers | |
| Order Appointing a Receiver | PDF · Subscribers | |
Application to Appoint a Receiver
| 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., “Jeaniologie Inc.” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/jeaniologie-inc