Latinamerican Foods Inc. and 1311670 Ontario Limited are the subject of insolvency proceedings in the Ontario Superior Court of Justice, Commercial List, commenced on October 3, 2013 on the application of the Royal Bank of Canada, with The Fuller Landau Group Inc. as the appointed officer. On an approximate net book value basis as at July 18, 2013, the business reported accounts receivable of $3,132,022.32, inventory of $3,631,289.03 and other assets of $62,516.77. The Royal Bank of Canada holds secured claims of $3,054,333.41 and $1,993,253.52, and unsecured claims total $631,274.60. The matter, under court file number CV-13-10192-00CL, remains active.
The court granted an approval and vesting order. Closing terms, as extracted: Vesting upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of Closing conditions. Sealed: Confidential Appendices 1, 2, 3 and 4.
Source: Approval and Vesting Order
The officer filed report no. Third Report. The Receiver focused on marketing and selling 131's real property (the Premises), ultimately entering an APS with Carnevale/2344770 Ontario Inc., and decided not to pursue its investigation into asset transfers to TIFCO after RBC declined to fund it and reached its own settlement, concluding further investigation would not benefit creditors.
Source: third receivers report.pdf
order 2013 12 05 newbould - expanded investigative powers.pdf was filed.
Source: order 2013 12 05 newbould - expanded investigative powers.pdf
The officer filed report no. Second Report. The Receiver has taken possession of the Premises, destroyed the expired food inventory, arranged an auction of the equipment and furniture, and listed the Premises for sale with CBRE, with multiple offers received. It has exhausted its $100,000 borrowing limit and seeks an increase to $400,000, to be funded by RBC.
Source: second receivers report.pdf
The officer filed report no. Supplemental Report. The report rebuts TIFCO's Rogers Affidavit. It notes that Latinamerican appears to have ceased operations on March 4, 2013, with TIFCO taking over its business, and that unexplained disparities remain in the inventory (about $4.5M) and accounts receivable (about $3.3M) reported to RBC. The Receiver continues to seek expanded investigative powers.
An order was granted on October 3, 2013, the date the proceeding is recorded as commencing, with The Fuller Landau Group Inc. as the appointed officer.
Source: order 2013 10 03 newbould.pdf
The officer filed report no. First Report. The Companies are no longer operating; Latinamerican ceased operating around February/March 2013 and its business appears to have been continued by TIFCO Foods Inc. at a new location. The Receiver found only nominal assets and grossly deficient records, and seeks expanded investigative powers.
Source: first receivers report.pdf
Debtor
Latinamerican Foods Inc. and 1311670 Ontario Limited
Receiver
Fuller Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Newbould | Ontario Superior Court of Justice | 2 orders, Oct 2013 – Dec 2013 | 111 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | SimpsonWigle LAW LLP | 5 Dec 2013 | Order · 5 Dec 2013 |
| CreditorFuller Landau Group | SimpsonWigle LAW LLP | 5 Dec 2013 | Order · 5 Dec 2013 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 18 Jul 2013 | Endorsement · 18 Jul 2013 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 584 casesGeneral Security Agreement (GSA) dated May 21, 2010 and other security agreements — Also owed 1,993,253.52 USD as at same date (separate currency amount, see additional entry); guarantee and postponement of claim from 1311670 Ontario Limited (related party postponement) — debtor: Latinamerican Foods Inc. dba TIFCO · as of 18 Jul 2013 | $3.05M | 245-latinamerican foods inc.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
30 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 plansSale approved — sale approved and vesting orderedApproval and Vesting Order · 31 Mar 2014
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Carnevale Holdings Inc.the Premises, municipally known as 16 Fima Crescent, Etobicoke, Ontario, and fixtures thereon (collectively, the "Purchased Assets") · real property · nominee/assignee: 2344770 Ontario Inc. · agreement 27 Feb 2014 | Subscribers | Proposed | third receivers report.pdf |
Unsecured creditors: no distribution.Estimatedthird receivers report.pdf · 20 Mar 2014
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | unsecured creditors of 131 subordinate to RBC | — | no distribution | Estimatedper the receiver | third receivers report.pdf · 20 Mar 2014 |
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 ·
Cash on hand
$1.2K
As at 22 Jul 2013first receivers report.pdf
Professional fees
As at
1 more reported figure, and 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 |
|---|---|---|
Approval and Vesting Order
| PDF · Subscribers | |
third receivers report.pdf
| PDF · Subscribers | |
order 2013 12 05 newbould - expanded investigative powers.pdf
| PDF · Subscribers | |
order 2013 12 05 newbould - former customers.pdf
| PDF · Subscribers | |
order 2013 12 05 newbould - increased borrowing powers.pdf
| PDF · Subscribers | |
second receivers report.pdf
| PDF · Subscribers | |
supplementary receivers report oct 28 2013.pdf
| PDF · Subscribers | |
order 2013 10 03 newbould.pdf
| PDF · Subscribers | |
first receivers report.pdf
| PDF · Subscribers | |
| 245-1311670 ontario limited.pdf | PDF · Subscribers | |
245-latinamerican foods inc.pdf
| PDF · Subscribers | |
july 18 2013 endorsement latinamerican foods.pdf
| PDF · Subscribers | |
order - latinamerican foods inc. and 1311670 ontario limited.pdf
| 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., “Latinamerican Foods Inc. and 1311670 Ontario Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/latinamerican-foods-inc-and-1311670-ontario-limited
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/latinamerican-foods-inc-and-1311670-ontario-limited
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.