Mad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada remain in active bankruptcy proceedings under the BIA in Ontario. The only asset of Mad Catz Interactive, Inc. as at the date of bankruptcy is an anticipated HST refund of approximately $9,900, and the Trustee is still investigating the company's intellectual property. Its Statement of Affairs reports approximately 13 unsecured creditors owed approximately $17.1 million, including intercompany debts due to certain subsidiaries and potential contingent claims, and no known preferred creditors; no PPSA security interests were registered against the company and it has no secured creditors. The Trustee has since identified four further potential creditors, owed $100,000 in the aggregate, and mailed them a Claims Package. A single trade unsecured proof of claim of $8,476,729.12 has been filed, with its full value proxied in favour of the Trustee.
A claims procedure has been established — see the order for deadlines.
The court granted an approval and vesting order for the sale to Fast Track Global Limited. Closing terms, as extracted: Vesting takes effect upon delivery of the Trustee's Certificate to the Purchaser, confirming payment of the Purchase Price and satisfaction or waiver of the APA closing conditions. Sealed: Confidential Appendix "B" to the First Report, temporarily sealed until the Trustee files its Trustee's Certificate or further order.
Source: Approval and Vesting Order - MCC
The court granted an approval and vesting order for the sale to Fast Track Global Limited. Sealed: Confidential Appendix "B" to the Trustee's First Report, temporarily sealed until the Trustee files its Trustee's Certificate with the Court or further order.
The officer filed report no. First Report. The bankrupt companies have no ongoing operations; the Trustee ran a sales process for the companies' intellectual property assets (their only significant assets) and is seeking court approval to sell them to Fast Track Global Limited. Court file 31-2234914.
Source: Trustee’s First Report
Debtor
Mad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada (collectively the “Companies”)
Trustee in bankruptcy
PwC
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyPwC | McMillan LLP | 14 Sep 2017 | Factum · 14 Sep 2017 |
| DebtorMad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada (collectively the “Companies”) | AGENT Lang Michener LLP | 12 Sep 2017 | Application · 12 Sep 2017 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported in Statement of Affairs) · in 563 casesas of date of bankruptcy — Approximately 13 unsecured creditors totalling approximately $17.1 million, including intercompany debts due to certain Subsidiaries and potential contingent claims; document names no individual creditors here. — debtor: Mad Catz Interactive, Inc. | $17.1M | Trustee’s Report on Preliminary Administration |
| Unsecured | |||
| Unsecured |
2 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — Court approved the Transaction under the APA between the Trustee and Fast Track Global Limited; vesting effective on delivery of the Trustee's CertificateApproval and Vesting Order - MCC · 19 Sep 2017
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Fast Track Global Limitedall of the Estates' right, title and interest in and to the assets described in the APA (the "Acquired Assets") · asset sale · agreement 12 Sep 2017 | Subscribers | Approved19 Sep 2017 | Approval and Vesting Order - MCII |
As at ·
The 2 totals 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 - MCC
| PDF · Subscribers | |
Approval and Vesting Order - MCII
| PDF · Subscribers | |
| Endorsement of J. Myers | PDF · Subscribers | |
| MCII Brief of Authorities | PDF · Subscribers | |
MCII Factum of the Trustee
| PDF · Subscribers | |
Motion Record, returnable September 19, 2017
| PDF · Subscribers | |
Trustee’s First Report
| PDF · Subscribers | |
Notice
| PDF · Subscribers | |
Trustee’s Report on Preliminary Administration
| PDF · Subscribers | |
| Poof of Claim and Proxy Form | PDF · Subscribers | |
| Proof of Claim and Proxy Form | 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., “Mad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada (collectively the “Companies”)” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/mad-catz-interactive-inc-and-1328158-ontario-inc-o-a-mad-catz-canada-collectivel
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/mad-catz-interactive-inc-and-1328158-ontario-inc-o-a-mad-catz-canada-collectivel
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.