Hart Stores Inc.
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
- File
- 500-11-041238-110
- Industry
- Retail · Department & general merchandise
Hart Stores Inc. (Magasins Hart Inc.) is the subject of proceedings under the Companies' Creditors Arrangement Act, commenced on 30 August 2011 in the Superior Court of Québec (Commercial Division) on its own application (court file 500-11-041238-110), with RSM Richter Inc. as court-appointed monitor. The creditor list runs to hundreds of names, among them Ameco & Paradisio Apparel Inc. at $2,351,095.93, Karmin Industries at $902,709.39, Macquarie Premium Funding Inc. at $686,445.69, and Hasbro Canada Corporation at $643,426.99, together with $1,230,843.19 in accrued employee vacation pay. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
Per the Instruction letter for the Claims Process of Hart Stores Inc. – dated December 1, 2011 dated 1 December 2011.
Selection of the type of dividend participation – dated June 26, 2012 — Proof of claim (blank form)
Monitor’s Certificate – Plan Implementation – dated March 28, 2012 — Court officer certificate
Order sanction of the Amended Plan of Compromise and Arrangement. – dated February 27, 2012 — Plan sanction / final order
Motion for Sanction of an Amended Plan of Compromise and Arrangement and for Extension of the Stay Period – dated February 23, 2012 — Application / notice of application
The officer filed a report. Hart Stores continues to operate its remaining department stores across several provinces after closing 32 underperforming locations, with about 969 active employees, while pursuing refinancing with a new lender as part of its CCAA restructuring.
Amended Plan of Compromise and Arrangement under the CCAA – dated February 15, 2012 — Plan of arrangement / compromise
Updated Report of the Monitor on the State of the Debtor’s Affairs and the Plan of Arrangement – dated February 15, 2012 — Plan of arrangement / compromise
Monitors Report on the Plan of Arrangement – dated February 3, 2012 — Plan of arrangement / compromise
Important Notice – Amendment to the Claims Bar Date – dated January 23, 2012 — Notice to creditors
Order granting 4th extension of Stay Period and authorizing to file a Plan of Arrangement – dated January 20, 2012 — Plan of arrangement / compromise
Plan of Compromise and Arrangement under the CCAA – dated January 20, 2012 — Plan of arrangement / compromise
The officer filed report no. Fourth Report of the Monitor. The debtor continues to operate its continuing stores while liquidating inventory at 32 closing stores through Tiger. It is implementing cost reductions, has accepted a CIBC refinancing term sheet, and is preparing a plan of arrangement for unsecured creditors.
Source: Fourth Report of the Monitor on the state of the Debtor’s financial affairs – dated January 19, 2012
Motion for Order for a 4th extension of the Stay Period, authorization to file a Plan of Arrangement – dated January 19, 2012 — Application / notice of application
Minutes of court hearing for Motion for Order for a 3rd extension of the Stay Period (French version only) – dated January 18, 2012 — Application / notice of application
Instruction letter for the Claims Process of Hart Stores Inc. – dated December 1, 2011 — Claims procedure order
Notice to Creditors of the Deadline to file Proofs of Claim – dated December 1, 2011 — Notice to creditors
Claims and Meeting Procedure Order dated November 28, 2011 – dated November 28, 2011 — Claims procedure order
Motion for the issuance of a Claims and Meetings Procedure Order – dated November 24, 2011 — Application / notice of application
The officer filed report no. Third Report of the Monitor. The debtor is operating under CCAA protection while closing and liquidating inventory at 32 underperforming stores (via Tiger Capital), running a lease sale process for those locations, liquidating excess inventory in continuing stores, cutting costs, and seeking replacement financing ahead of a plan of arrangement.
Source: Third report of the Monitor on the state of the Debtor’s financial affairs – dated November 3, 2011
Motion for an order for a second extension of the stay period – dated November 3, 2011 — Application / notice of application
The officer filed report no. Second Report. The debtor is restructuring and closing 32 underperforming stores, whose inventory is to be liquidated by Tiger Capital Group under an agency agreement, while keeping about 60 other stores open.
Source: Second Report of the Monitor on the liquidation solicitation process – dated October 18, 2011
Motion for order to approve agency agreement with Tiger Capital – dated October 18, 2011 — Application / notice of application
The officer filed report no. First Report of the Monitor. The Debtor continues to operate its chain of 92 department stores in the normal course while restructuring: it is soliciting liquidator bids for about 23 closing stores, planning an excess inventory liquidation, cutting costs and seeking refinancing, with weekly cash flow monitoring under a Wells Fargo DIP facility.
Amended motion for an Order extending the stay period – dated September 27, 2011 — Application / notice of application
Petition for the Issuance of an Initial Order – dated August 29, 2011 — Application / notice of application
Debtor
Hart Stores Inc.
Monitor
Richter
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Ameco & Paradisio Apparel Inc.debtor: Hart Stores Inc. | $2.35M | Creditor List – dated September 7, 2011 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
466 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.Under the plan · implementedOrder sanction of the Amended Plan of Compromise and Arrangement. · 27 Feb 2012
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in full | Under the planimplementedper the court | Order sanction of the Amended Plan of Compromise and Arrangement. · 27 Feb 2012 |
| Unsecured | Electing Creditor | — | conditional | Under the planimplementedper the court | Order sanction of the Amended Plan of Compromise and Arrangement. · 27 Feb 2012 |
| Equity | — | — | no distribution | Under the planimplementedper the court | Order sanction of the Amended Plan of Compromise and Arrangement. · 27 Feb 2012 |
| class not placed | Administration Claims and D&O Claims | — | paid in full | Under the planper the court | Order sanction of the Amended Plan of Compromise and Arrangement. · 27 Feb 2012 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansCash on hand
$4.4M
As at 1 Jan 2012Fourth Report of the Monitor on the state of the Debtor’s financial affairs – dated January 19, 2012
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Certificate of Performance – dated February 5, 2015 | PDF · Subscribers | |
| Service List – dated November 15, 2012 | PDF · Subscribers | |
| Selection of the type of dividend participation – dated June 26, 2012 | PDF · Subscribers | |
| Monitor’s Certificate – Plan Implementation – dated March 28, 2012 | PDF · Subscribers | |
Order sanction of the Amended Plan of Compromise and Arrangement. – dated February 27, 2012
| PDF · Subscribers | |
| Motion for Sanction of an Amended Plan of Compromise and Arrangement and for Extension of the Stay Period – dated February 23, 2012 | PDF · Subscribers | |
Report of the Monitor for the purpose of the sanction of the Amended Plan of Compromise and Arrangement – dated February 21, 2012
| PDF · Subscribers | |
Amended Plan of Compromise and Arrangement under the CCAA – dated February 15, 2012
| PDF · Subscribers | |
Updated Report of the Monitor on the State of the Debtor’s Affairs and the Plan of Arrangement – dated February 15, 2012
| PDF · Subscribers | |
Monitors Report on the Plan of Arrangement – dated February 3, 2012
| PDF · Subscribers | |
Important Notice – Amendment to the Claims Bar Date – dated January 23, 2012
| PDF · Subscribers | |
Notice to the Creditors of the Meeting of Creditors and the Sanction Hearing – dated January 23, 2012
| PDF · Subscribers | |
Proxy and Voting Form – dated January 23, 2012
| PDF · Subscribers | |
| Service list – dated January 23, 2012 | PDF · Subscribers | |
| Order granting 4th extension of Stay Period and authorizing to file a Plan of Arrangement – dated January 20, 2012 | PDF · Subscribers | |
Plan of Compromise and Arrangement under the CCAA – dated January 20, 2012
| PDF · Subscribers | |
Fourth Report of the Monitor on the state of the Debtor’s financial affairs – dated January 19, 2012
| PDF · Subscribers | |
Motion for Order for a 4th extension of the Stay Period, authorization to file a Plan of Arrangement – dated January 19, 2012
| PDF · Subscribers | |
| Minutes of court hearing for Motion for Order for a 3rd extension of the Stay Period (French version only) – dated January 18, 2012 | PDF · Subscribers | |
| Instruction letter for the Claims Process of Hart Stores Inc. – dated December 1, 2011 | PDF · Subscribers | |
Notice to Creditors of the Deadline to file Proofs of Claim – dated December 1, 2011
| PDF · Subscribers | |
| Proof of Claim – dated December 1, 2011 | PDF · Subscribers | |
List of creditors of Hart Stores Inc. – dated November 30, 2011
| PDF · Subscribers | |
Claims and Meeting Procedure Order dated November 28, 2011 – dated November 28, 2011
| PDF · Subscribers | |
| Motion for the issuance of a Claims and Meetings Procedure Order – dated November 24, 2011 | PDF · Subscribers | |
Order extending the stay period to January 18, 2012 – dated November 4, 2011
| PDF · Subscribers | |
| Motion for an order for a second extension of the stay period – dated November 3, 2011 | PDF · Subscribers | |
Third report of the Monitor on the state of the Debtor’s financial affairs – dated November 3, 2011
| PDF · Subscribers | |
Order approving Agency Agreement with Tiger Capital for Closing Stores – dated October 19, 2011
| PDF · Subscribers | |
| Exhibits to Motion dated October 18, 2011 – dated October 18, 2011 | PDF · Subscribers | |
| Motion for order to approve agency agreement with Tiger Capital – dated October 18, 2011 | PDF · Subscribers | |
Second Report of the Monitor on the liquidation solicitation process – dated October 18, 2011
| PDF · Subscribers | |
| Order extending the stay period to November 4, 2011 – dated September 28, 2011 | PDF · Subscribers | |
| Amended motion for an Order extending the stay period – dated September 27, 2011 | PDF · Subscribers | |
First report of the Monitor on the state of the Debtor’s financial affairs – dated September 27, 2011
| PDF · Subscribers | |
Creditor List – dated September 7, 2011
| PDF · Subscribers | |
Notice to Creditors of the Initial Order – dated September 7, 2011
| PDF · Subscribers | |
Initial order – dated August 30, 2011
| PDF · Subscribers | |
Petition for the Issuance of an Initial Order – dated August 29, 2011
| 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., “Hart Stores Inc.” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/magasins-hart-inc