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
10 earlier updates, back to 3 October 2013 — subscribers.
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 | 100 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 |
| CreditorOrder | SimpsonWigle LAW LLP | 5 Dec 2013 | Order · 5 Dec 2013 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada (RBC) · in 556 casesGeneral Security Agreement (GSA) dated May 21, 2010 and other security agreements — Additional USD-denominated balance owed to same secured creditor alongside CAD balance; guarantee and postponement of claim from 1311670 Ontario Limited — debtor: Latinamerican Foods Inc. dba TIFCO · as of 18 Jul 2013 | $1.99M USD | 245-latinamerican foods inc.pdf |
Sale 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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Professional fees to date
$84.2K
As at 20 Mar 2014third receivers report.pdf
| 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 20 September 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.