John G. Hofland Ltd.
- Proceeding
- BankruptcySection 49 of the Act; Rule 85
- File
- 32-3391406
John G. Hofland Ltd. became bankrupt on June 26, 2026 at 13:08, by an assignment under section 49 of the Bankruptcy and Insolvency Act, with GlassRatner Restructuring Inc. as licensed insolvency trustee (estate 32-3391406, Mississauga). G&J 1989 Investments Inc., which holds a general security agreement dated July 22, 2024 and claims $1,400,000, appointed a receiver under that security, and the receiver has taken possession of the company's assets, carried at a net book value of $4,004,000 as at June 29, 2026. The Royal Bank of Canada loan that ranked ahead of G&J 1989 was fully paid by the date of bankruptcy. The statement of affairs lists secured claims of $975,010.00 and unsecured claims of $4,139,443.00; Koen Pack Canada, at $367,638.58, is the largest trade creditor on the receiver's list.
Certificate of Appointment was filed. Court file 32-3391406.
Source: Certificate of Appointment
Filing brief
John G. Hofland: $4,004,000 on the books, $975,010 estimated to realize
The Mississauga floral and giftware wholesaler, dating with its predecessors to 1956, assigned into bankruptcy on June 26, 2026; three days later its second-ranking secured lender, owed $1.4 million, appointed the trustee, GlassRatner, private receiver. The statement of affairs sets assets at an estimated realizable $975,010 against $5,114,452.78 of liabilities.
Debtor
John G. Hofland Ltd.
Trustee in bankruptcy · Receiver
GlassRatner
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | G&J 1989 Investments Inc.General Security Agreement dated July 22, 2024 — Appointing/enforcing secured creditor under the GSA; consistent figure on Notice (page 2) and List of Creditors (page 3). — debtor: John G. Hofland Ltd. · as of 30 Jun 2026 | $1.4M | Notice and Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
252 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansPreferred creditors: not yet estimated. G & J 1989 Investments Inc. not yet estimated.Trustee Preliminary Report · 15 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | G & J 1989 Investments Inc. | — | not yet estimated | per the trustee | Trustee Preliminary Report · 15 Jul 2026 |
| Preferred | preferred or unsecured creditors | — | not yet estimated | per the trustee | Trustee Preliminary Report · 15 Jul 2026 |
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 ·
The total 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 |
|---|---|---|
Trustee Preliminary Report
| PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Certificate of Appointment
| 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., “John G. Hofland Ltd.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/john-g-hofland-ltd