Laundry Collective Inc.
FollowActive
- Proceeding
- ProposalBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
Filings held1
Last activity20 Aug 2026
On the record32 days
Secured debt$1M
OverviewSummary updated
Laundry Collective Inc. filed a Division I proposal under Part III of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, commenced on August 20, 2026 in the Ontario Superior Court of Justice. MNP Ltd. is acting as licensed insolvency trustee under the proposal.
Proceedings AIAsk this case — answers cite the filings
Case updates1 dated entry
Parties
Debtor
Laundry Collective Inc.
Proposal trustee
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | PeterT Holdings Inc.General security against the Company's assets (registered in Ontario PPSR); also holds general security against the Hotel Subsidiaries' assets — Amount stated as '$1,000,000 plus ongoing interest and legal costs'; Proposal does not amend or affect existing payment/security arrangements with this Secured Creditor, so this creditor has no claim in the Proposal. Company defaulted on credit facility interest; Secured Creditor issued Notices of Intention to enforce security dated 2026-05-12; forbearance agreement in place requiring court approval of Proposal by 2026-09-30. — debtor: Laundry Collect · as of 19 Aug 2026 | $1M | Creditors Package |
| 7 | Preferred (BIA s. 136) | Preferred Claims (aggregate as reported) · in 12 casesPreferred claims per BIA s.136(1); reported as $nil — debtor: Laundry Collective Inc. · as of 19 Aug 2026 | $0 | Creditors Package |
| 8 | Unsecured | Ordinary Creditors (aggregate as reported)Aggregate figure differs from the itemized List of Creditors total of $6,101,542.28 on Form 92; itemized list is separately extracted — debtor: Laundry Collective Inc. · as of 19 Aug 2026 | $3.82M | Creditors Package |
| 8 | Unsecured | Continuing Shareholders (aggregate as reported)Related-party shareholder loan claims; to be fully compromised and reduced to $0.00 upon completion of the Proposal in exchange for remaining as shareholders — debtor: Laundry Collective Inc. · as of 19 Aug 2026 | $1.28M | Creditors Package |
| 8 | Unsecured | Petert Holdings Incas of NOI filing date — This entity is identified elsewhere in the document as the Secured Creditor holding general security; listed here on the unsecured creditors list matching the same $1,000,000 amount reported as the secured claim — debtor: Laundry Collective Inc. | $1M | Creditors Package |
| 8 | Unsecured | Equal Parts Hospitality Incas of NOI filing date — debtor: Laundry Collective Inc. | $772K | Creditors Package |
| 8 | Unsecured | Matthew Opferkuchas of NOI filing date — Individual is a Director of the Company (related party) — debtor: Laundry Collective Inc. | $504K | Creditors Package |
| 8 | Unsecured | Jason Cassisas of NOI filing date — Individual is a Director of the Company (related party) — debtor: Laundry Collective Inc. | $504K | Creditors Package |
| 8 | Unsecured | Laundry Investco 1 Incas of NOI filing date — debtor: Laundry Collective Inc. | $406K | Creditors Package |
| 8 | Unsecured | Cambridge Aggregate Services Incas of NOI filing date — debtor: Laundry Collective Inc. | $400K | Creditors Package |
| 8 | Unsecured | High Park Investments Incas of NOI filing date — debtor: Laundry Collective Inc. | $300K | Creditors Package |
| 8 | Unsecured | Theodore Rabinovitch Medical Professional Corpas of NOI filing date — debtor: Laundry Collective Inc. | $250K | Creditors Package |
| 8 | Unsecured | 1060400 Ontario Incas of NOI filing date — debtor: Laundry Collective Inc. | $250K | Creditors Package |
| 8 | Unsecured | Urban Reform Realty Incas of NOI filing date — debtor: Laundry Collective Inc. | $201K | Creditors Package |
| 8 | Unsecured | TTKB Incas of NOI filing date — debtor: Laundry Collective Inc. | $200K | Creditors Package |
| 8 | Unsecured | Laundry Design Worksas of NOI filing date — Listed as 'Laundry Deisgn Works' in source document — debtor: Laundry Collective Inc. | $175K | Creditors Package |
| 8 | Unsecured | Geoff Isley Investment Corporationas of NOI filing date — Shareholder-related creditor entity (Isley family investment corp) — debtor: Laundry Collective Inc. | $115K | Creditors Package |
| 8 | Unsecured | Chris Isley Investment Corporationas of NOI filing date — Shareholder-related creditor entity (Isley family investment corp) — debtor: Laundry Collective Inc. | $115K | Creditors Package |
| 8 | Unsecured | Mike Isley Investment Corporationas of NOI filing date — Shareholder-related creditor entity (Isley family investment corp) — debtor: Laundry Collective Inc. | $115K | Creditors Package |
| 8 | Unsecured | 100106166 Ontario Inc. (Account 2)as of NOI filing date — Separate account from other 100106166 Ontario Inc. entry — debtor: Laundry Collective Inc. | $107K | Creditors Package |
| 8 | Unsecured | Paul Nealas of NOI filing date — debtor: Laundry Collective Inc. | $100K | Creditors Package |
| 8 | Unsecured | 1388303 Ontario Incas of NOI filing date — debtor: Laundry Collective Inc. | $100K | Creditors Package |
| 8 | Unsecured | Michael Lucasas of NOI filing date — debtor: Laundry Collective Inc. | $100K | Creditors Package |
| 8 | Unsecured | Corner 50 Inc.as of NOI filing date — debtor: Laundry Collective Inc. | $100K | Creditors Package |
| 8 | Unsecured | 100106166 Ontario Inc. (Account 1)as of NOI filing date — debtor: Laundry Collective Inc. | $66.3K | Creditors Package |
| 8 | Unsecured | Ritchie Family Company Incas of NOI filing date — debtor: Laundry Collective Inc. | $59.4K | Creditors Package |
| 8 | Unsecured | Gowling WLG (Canada) LLP. Recovery Services · in 33 casesas of NOI filing date — debtor: Laundry Collective Inc. | $52K | Creditors Package |
| 8 | Unsecured | Roher Holdings Incas of NOI filing date — debtor: Laundry Collective Inc. | $36.7K | Creditors Package |
| 8 | Unsecured | X-Pertax Servicesas of NOI filing date — debtor: Laundry Collective Inc. | $32.5K | Creditors Package |
| 8 | Unsecured | BMO Bank of Montreal (formerly MBanx) · in 40 casesas of NOI filing date — debtor: Laundry Collective Inc. | $23.3K | Creditors Package |
| 8 | Unsecured | Jerrett Youngas of NOI filing date — debtor: Laundry Collective Inc. | $18K | Creditors Package |
| 8 | Unsecured | Crown Claims (aggregate as reported)Reported by Company as $nil; however one Hotel Subsidiary owes CRA approximately $75,000 in unpaid HST (not Laundry Collective Inc. itself) — debtor: Laundry Collective Inc. · as of 19 Aug 2026 | $0 | Creditors Package |
| 8 | Unsecured | Employee Claims (aggregate as reported) · in 8 casesReported as $nil — debtor: Laundry Collective Inc. · as of 19 Aug 2026 | $0 | Creditors Package |
RecoveriesAs stated in the filings
Unsecured creditors: 25 % of proven claims.Under the planCreditors Package · 20 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in fullconditional | Under the planper the trustee | Creditors Package · 20 Aug 2026 |
| Preferred | — | — | paid in fullconditional | Under the planper the trustee | Creditors Package · 20 Aug 2026 |
| Unsecured | — | — | 25 %of proven claimsconditional | Under the planper the trustee | Creditors Package · 20 Aug 2026 |
| Equity | Continuing Shareholders | — | no distribution | Under the planper the trustee | Creditors Package · 20 Aug 2026 |
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.
Documents1 filing
| Date | Document | File |
|---|---|---|
Creditors Package
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Laundry Collective Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/laundry-collective-inc