L'Image Enterprises Inc.
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-14-10538-00CL
L'Image Enterprises Inc. is in court-appointed receivership before the Ontario Superior Court of Justice, court file CV-14-10538-00CL, with Justice Morawetz presiding. Royal Bank of Canada applied on May 2, 2014, under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, for the appointment of Grant Thornton Limited as receiver and manager. RBC reported total outstanding liabilities of $909,158.83 as at May 1, 2014, secured by a general security agreement dated September 3, 2009 over all of the company's assets, with PPSA registration first in time; personal guarantees from Rick DiPaolo and Wilma DiPaolo, each limited to $1,200,000.00 plus interest at 5% per annum from demand, are also on file.
Receiver Supplemental Motion Record dated August 15, 2017 — Application / notice of application
The officer filed report no. Supplemental Report to the First and Final Report of Receiver. The report addresses the Receiver's settlement of the insurance and litigation claims (Fire Claim, GE Logistics, Aspire, Can Pak, Cucina Moda) and responds to objections raised by the debtor's principal, in support of the Receiver's request for approval of its conduct and discharge.
Source: Supplemental Report of the Receiver dated August 14, 2017
Defendant Responding Motion Record dated August 11, 2017 — Application / notice of application
Royal Bank of Canada applied on May 2, 2014, for the appointment of Grant Thornton Limited as receiver and manager under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act.
Debtor
L'Image Enterprises Inc.
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 2 orders, Aug 2017 | 141 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDoane Grant Thornton | Devry Smith Frank LLP | 15 Aug 2017 | Application · 15 Aug 2017 |
| Applicant | Aird & Berlis LLP | 13 May 2014 | Endorsement · 13 May 2014 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada (RBC) · in 584 casesGeneral Security Agreement dated September 3, 2009 over all assets, undertakings and properties of the Debtor; PPSA registration first in time over all assets — Total outstanding liabilities as at May 1, 2014, comprising Facility #1 Revolving Demand Facility ($685,299.17), Facility #2 Revolving Demand Facility ($181,450.35), VISA Business Credit Cards ($10,691.24), and Recovery Fees ($31,718.07). Personal guarantees exist from Rick DiPaolo and Wilma DiPaolo (directors/related parties), each limited to $1,200,000.00 plus interest at 5% per annum from demand, per Guarantee and Postponement of Cl · as of 1 May 2014 | $909K | First and Final Report of the Receiver dated July 31, 2017 |
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.
Service Canada: paid in full.FinalFirst and Final Report of the Receiver · 31 Jul 2017
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| WEPPA | Service Canada | — | paid in full | Finalper the receiver | First and Final Report of the Receiver · 31 Jul 2017 |
| Deemed trustSecured Source Deduction Claim | CRA | — | per the receiver | First and Final Report of the Receiver · 31 Jul 2017 | |
| UnsecuredHST Secured Claim | CRA | — | per the receiver | First and Final Report of the Receiver · 31 Jul 2017 |
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.
3 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 plans| Date | Document | File |
|---|---|---|
Endorsement of Justice Morawetz dated August 17, 2017
| PDF · Subscribers | |
| Motion Record returnable August 17, 2017 | PDF · Subscribers | |
Order of Justice Morawetz dated August 17, 2017
| PDF · Subscribers | |
RBC Responding Motion Record dated August 15, 2017
| PDF · Subscribers | |
| Receiver Supplemental Motion Record dated August 15, 2017 | PDF · Subscribers | |
Supplemental Report of the Receiver dated August 14, 2017
| PDF · Subscribers | |
Defendant Responding Motion Record dated August 11, 2017
| PDF · Subscribers | |
First and Final Report of the Receiver dated July 31, 2017
| PDF · Subscribers | |
Endorsement dated May 13, 2014
| PDF · Subscribers | |
Receivership Order dated May 13, 2014
| PDF · Subscribers | |
Application Record Returnable May 13, 2014
| 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., “L'Image Enterprises Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/l-image-enterprises-inc