Mad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada (collectively the “Companies”)
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended
- File
- 31-2234914; 31-2234900
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 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
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported in Statement of Affairs) · in 532 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 | Trade unsecured claimant (Proof of Claim filed)as of date of this report — Single trade unsecured proof of claim filed for $8,476,729.12, with full value proxied in favour of the Trustee; this is a filed proof of claim figure, distinct from and smaller than the $17.1 million aggregate reported in the Statement of Affairs. — debtor: Mad Catz Interactive, Inc. | $8.48M | Trustee’s Report on Preliminary Administration |
| Unsecured | Additional potential creditors identified post-filing (aggregate)as of date of this report — 4 other potential creditors identified after the Statement of Affairs was filed; mailed a Claims Package; document names no individual creditors. — debtor: Mad Catz Interactive, Inc. | $100K | Trustee’s Report on Preliminary Administration |
Approval pending — Trustee entered into APA with Fast Track and seeks approval and vesting order to implement the transactionTrustee’s First Report · 12 Sep 2017
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Fast Track Global Limitedthe acquired assets described in the APA · asset sale · agreement 12 Sep 2017 | Sealedthe sale of the IP Assets of the Companies for a cash purchase price | Approved | Trustee’s First Report |
per Statement of Affairs · entity (MCII only) — as at date of bankruptcy — Only asset of MCII as at date of bankruptcy is the anticipated HST refund of approximately $9,900; Trustee still investigating intellectual property. Statement of Affairs indicates no known preferred creditors. No PPSA security interests were registered against MCII (secured creditors: none).
| Date | Document | File |
|---|---|---|
| Approval and Vesting Order - MCC | ||
| Approval and Vesting Order - MCII | ||
| Endorsement of J. Myers | ||
Motion Record, returnable September 19, 2017
| ||
| MCII Brief of Authorities | ||
| MCII Factum of the Trustee | ||
Trustee’s First Report
| ||
| Notice | ||
Trustee’s Report on Preliminary Administration
| ||
| Poof of Claim and Proxy Form | ||
| Proof of Claim and Proxy Form | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Mad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada (collectively the “Companies”)” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/mad-catz-interactive-inc-and-1328158-ontario-inc-o-a-mad-catz-canada-collectivel