La Vie Modern Furniture Inc
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 32-2995208
- Industry
- Retail · Home, furniture & electronics retail
La Vie Modern Furniture Inc. has been bankrupt under the Bankruptcy and Insolvency Act since October 6, 2023, when it filed an assignment in Ontario under court file no. 32-2995208. MNP Ltd. is the licensed insolvency trustee. The Statement of Affairs reports secured debt of $231,000 owing to Royal Bank of Canada, the only secured creditor identified on an Ontario PPSA search, under registration #20220105155815325268; preferred claims of $24,000 ranking ahead of ordinary unsecured debt; and unsecured claims of $564,551.88. As at October 26, 2023, no secured or preferred claims had been proven and filed, and unsecured claims proven and filed totalled $6,960.18, including a landlord claim for storage costs incurred to the date of bankruptcy. The proceeding remains active.
Certificate of Appointment dated was filed. Court file 32-2995208.
Source: Certificate of Appointment dated
Debtor
La Vie Modern Furniture Inc
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 584 casesas of Statement of Affairs — Registered PPSA security interest (Ontario), registration #20220105155815325268 — Per Statement of Affairs; RBC listed as the only secured creditor per PPSA search. Proven & filed to October 26, 2023: Nil. — debtor: La Vie Modern Furniture Inc. | $231K | Trustee's Preliminary Report |
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured |
2 more claims in 2 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
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See all plansUnsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 27 Oct 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distributionconditional | Estimatedper the trustee | Trustee's Preliminary Report · 27 Oct 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.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| PDF · Subscribers | |
Creditor's package
| PDF · Subscribers | |
Certificate of Appointment dated
| 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 Vie Modern Furniture Inc” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/la-vie-modern-furniture-inc