La Bicicletta Bicycles, Inc./0371598 B.C. LTD.
- Proceeding
- NOIPart III of Division I of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- File
- No. B-230306
- Industry
- Retail · Specialty retail
La Bicicletta Bicycles Inc. filed a notice of intention to make a proposal on June 27, 2023 under Part III of Division I of the Bankruptcy and Insolvency Act, in the Supreme Court of British Columbia at Vancouver, court file No. B-230306. The proceeding remains active. The list of creditors with claims of $250 or more attached to the Form 33 notice records Business Development Bank of Canada at $1,820,760.00 and Royal Bank of Canada at $1,791,933.99 as the largest claims, followed by Allianz Trade Canada at $413,601.99, Starting Points at $282,027.35 and Cycling Sports Group at $222,721.14. Gift cards account for $62,474.00, and the Canada Revenue Agency, the B.C. Minister of Finance and WorkSafeBC also appear on the list.
The court granted an approval and vesting order for the sale to CSL Sports Ltd. Closing terms, as extracted: Possession delivered on Closing Date; Debtor may extend Closing Date with Purchaser's consent without further Order.
Source: Approval and Vesting Order
Certificate of Filing of a Notice of Intention to Make a Proposal — NOI certificate of filing
Debtor
La Bicicletta Bicycles, Inc./0371598 B.C. LTD.
Proposal trustee
FTI
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantLa Bicicletta Bicycles, Inc./0371598 B.C. LTD. | McCarthy Tétrault LLP | 29 Aug 2023 | Application · 29 Aug 2023 |
| ApplicantMcCarthy TétraultLLP | McCarthy Tétrault LLP | 20 Jul 2023 | Application · 20 Jul 2023 |
| ApplicantMcCarthy TétraultLLP (H. Lance Williams and Ashley Bowron) | McCarthy Tétrault LLP | 31 Aug 2023 | Order · 31 Aug 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Business Development Bank of Canada · in 251 casesas of NOI filing date — Document does not state whether claim is secured; listed as reported. — debtor: La Bicicletta Bicycles Inc. | $1.82M | Notice to Creditors |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
86 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansApproval pending — the Debtor identified the LOI from CSL as superior and entered into the Sale Agreement, subject to Court approvalSecond Report of the Proposal Trustee · 29 Aug 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| CSL Sports Ltd.the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · agreement 29 Aug 2023 | Subscribers | Closeddate not stated | Trustee's Certificate |
WEPPA claims: paid in full.EstimatedSecond Report of the Proposal Trustee · 29 Aug 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| WEPPA | — | — | paid in full | Estimatedper the proposal trustee | Second Report of the Proposal Trustee · 29 Aug 2023 |
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 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Notice to Creditors re. Bankruptcy
| PDF · Subscribers | |
| Affidavit #3 of G. Fox | PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Trustee's Certificate
| PDF · Subscribers | |
| Affidavit #2 of Graham Fox | PDF · Subscribers | |
Notice of Application of La Bicicletta Bicycles Inc.
| PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
Stay Extension Order
| PDF · Subscribers | |
| Affidavit #1 of Graham Fox | PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
| First Report of the Proposal Trustee | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Certificate of Filing of a Notice of Intention to Make a Proposal | 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., “La Bicicletta Bicycles, Inc./0371598 B.C. LTD.” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/la-bicicletta-bicycles-inc-0371598-b-c-ltd