Proceedings.

Maple Financial Group Inc. and Maple Futures Corp.

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Closed
Proceeding
BankruptcyBIA
File
31-2152397
Filings held18
Last activity22 Oct 2024
On the record3,456 days
OverviewSummary updated

Maple Financial Group Inc. and Maple Futures Corp. entered bankruptcy on April 5, 2017 under the Bankruptcy and Insolvency Act, in proceedings before the Ontario Superior Court of Justice sitting on the Commercial List. The two companies are dealt with together as a single Ontario matter, carried under file number 31-2152397 and Commercial List court file number CV-17-11748-00CL. Those bankruptcy proceedings are now closed.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Claims Process Order .pdf dated 5 April 2017.

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Case updates17 dated entries · 1 undated
Undated filings1 — no date appears on the document · show
Distribution

Receivership Distribution and Discharge.pdf Distribution authorized

PDF

Parties

Debtor

Maple Financial Group Inc. and Maple Futures Corp.

Trustee in bankruptcy

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BlackOntario Superior Court of Justice2 orders, Oct 2024176 cases on record
Justice UtsronjifecaOntario Superior Court of Justice2 orders, Apr 20171 case on record

Counsel of record

PartyCounselFirst seenSource
Trustee in bankruptcyDeloitteCassels Brock & Blackwell LLP12 May 2017Order · 12 May 2017
ApplicantCassels Brock & Blackwell LLP5 Apr 2017Order · 5 Apr 2017
DebtorMaple Financial Group Inc. and Maple Futures Corp.Osler, Hoskin & Harcourt LLP7 Dec 2018Service list · 7 Dec 2018
CreditorAIG Insurance Company of CanadaBlaney McMurtry LLP7 Dec 2018Service list · 7 Dec 2018
CreditorBAE Systems Applied Intelligence US CorpHeifetz Crozier Law7 Dec 2018Service list · 7 Dec 2018
CreditorMichael CStikeman Elliott LLP7 Dec 2018Service list · 7 Dec 2018
RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Fees and ratesAs stated in the filings

5 engagements · 2 firmslatest: Cassels Brock & Blackwell LLP, 21 Nov 2016 – 30 Apr 2017, $53,724.50 in feesMotion Record of the Trustee (Motion Returnable May 23, 2017).pdf · 23 May 2017

FirmPeriodHoursFeesRatesSource
Cassels Brock & Blackwell LLPCounsel to the trusteeperiod 4 of 421 Nov 2016 – 30 Apr 2017105.9$53,724.50ex. tax$507.31stated averageMotion Record of the Trustee (Motion Returnable May 23, 2017).pdf · 23 May 2017
Cassels Brock & Blackwell LLPCounsel to the trusteeperiod 4 of 41 Apr – 30 Apr 2017$4,730.50ex. tax$175 – $7353 peopleMotion Record of the Trustee (Motion Returnable May 23, 2017).pdf · 23 May 2017
3 peopleCassels Brock & Blackwell LLP, 1 Apr – 30 Apr 2017
NameTitleHoursRateFees
Joseph J. Bellissimo4$735$2,940.00
Monique Sassi3.7$465$1,720.50
Amanda Scolieri0.4$175$70.00
Cassels Brock & Blackwell LLPCounsel to the trusteeperiod 2 of 41 Mar – 31 Mar 2017$13,790.50ex. tax$175 – $7353 peopleMotion Record of the Trustee (Motion Returnable May 23, 2017).pdf · 23 May 2017
3 peopleCassels Brock & Blackwell LLP, 1 Mar – 31 Mar 2017
NameTitleHoursRateFees
Joseph J. Bellissimo5$735$3,675.00
Monique Sassi20.7$465$9,625.50
Amanda Scolieri2.8$175$490.00
Cassels Brock & Blackwell LLPCounsel to the trusteeperiod 1 of 4from 25 Jan 2017$14,530.50ex. tax$175 – $7354 peopleMotion Record of the Trustee (Motion Returnable May 23, 2017).pdf · 23 May 2017
4 peopleCassels Brock & Blackwell LLP, from 25 Jan 2017
NameTitleHoursRateFees
Joseph J. Bellissimo7.1$735$5,218.50
Monique Sassi17.7$465$8,230.50
Kellye Walker2.8$255$714.00
Amanda Scalieri2.1$175$367.50
Deloitte Restructuring Inc.Trustee268.3$110,862.50ex. tax$125 – $65017 peopleMotion Record of the Trustee (Motion Returnable May 23, 2017).pdf · 23 May 2017
17 peopleDeloitte Restructuring Inc.,
NameTitleHoursRateFees
Robert DemersPartner0.5$650$325.00
Jean Francois NadonPartner31.5$650$20,475.00
Jasmin DaoustSenior Manager2.7$500$1,350.00
Anna KoroneosSenior Manager1.4$500$700.00
Warren LeungSenior Manager1.5$500$750.00
Kent MarkleSenior Manager11.1$500$5,550.00
Karen WongSenior Manager0.5$500$250.00
Andrew LemosManager0.5$400$200.00
Samson LiuManager1$400$400.00
Graham PageManager181.4$400$72,560.00
Ariane Hunter-MeunierSenior Associate6.7$300$2,010.00
Bosco NgaiSenior Associate6.5$300$1,950.00
Jay TailorSenior Associate4.5$300$1,350.00
Khadija AlmasAnalyst4$225$900.00
Jonathan ChuAnalyst2.8$225$630.00
Rose BrownAdministrator11.4$125$1,425.00
Samantha Lynn TibbelAdministrator0.3$125$37.50
TOTAL268.3$110,862.50

Top rate $735 · 39th percentile of counsel rates, 2017 · of 19

Documents
18 filings
DateDocumentFile
Endorsement - (Distribution Directions and Fourt Interim Withdrawal of Advance) (October 22, 2024).pdf
  • Presiding officer Justice W.D. Black
PDF
Order - (Distribution Directions and Fourth Interim Withdrawal or Advance) (October 22, 2024).pdf
  • Presiding officer Justice Black
PDF
Distribution and Discharge, Wilton-Siegel J. .pdfPDF
Endorsement - (Approval of Second Interim Withdrawal or Advance, Wilton-Siegel, J.) (December 13, 2018).pdfPDF
Endorsement - Distribution and Discharge, Wilton-Siegel J. .pdfPDF
Order - (Approval of Second Interim Withdrawal or Advance, Wilton-Siegel, J) (December 13, 2018).pdfPDF
Service List .pdf
  • Counsel Osler, Hoskin & Harcourt LLP
PDF
Endorsement, Myers, J. (May 23, 2017).pdfPDF
Factum of the Trustee (Motion Returnable May 23, 2017).pdfPDF
Motion Record of the Trustee (Motion Returnable May 23, 2017).pdf
  • Court file no 31-2152397
  • Fee schedule Engagements: Form: invoice_listing · Rows: Jean Francois Nadon; Robert Demers; Warren Leung; Jasmin Daoust; Anna Koroneos; Karen Wong; Kent Markle; Graham Page; Samson Liu; Andrew Lemos; Jay Tailor; Ariane Hunter-Meunier; Bosco Ngai; Jonathan Chu; Khadija Almas; Samantha Lynn Tibbel; Rose M Brown; Fees: 110862.5 · Hours: 268.3 · Quote: TOTAL | TOTAL | 268.3 | 110,862.50 | · Row kind: subtotal · Rate kind: standard · Name as stated: TOTAL · Money: Tax: $15.9K · Label: Tax · Quote: 15,871.35 · Fees: $111K · Quote: TOTAL | TOTAL | 110,862.50 · Total: $138K · Quote: TOTAL | TOTAL | 110,862.50 | 11,224.79 | 15,871.35 | 137,958.64 · includes tax · includes disbursements · Approximate: false · Disbursements: $11.2K · Quote: TOTAL | TOTAL | 110,862.50 | 11,224.79 · Period: Kind: cumulative · Approval: State: unstated · Averages: — · Currency: · Invoices: Tax: 9174.73 · Date: 2016-12-01 · Fees: 62720 · Quote: 4224740 | 01-Dec-16 | 62,720.00 | 7,854.81 | 9,174.73 | 79,749.54 · Total: 79749.54 · Disbursements: 7854.81; Tax: 6242.81 · Date: 2017-05-02 · Fees: 44880 · Quote: 4354820 | 02-May-17 | 44,880.00 | 3,141.60 | 6,242.81 | 54,264.41 · Total: 54264.41 · Disbursements: 3141.6; Tax: 453.81 · Date: 2017-05-15 · Fees: 3262.5 · Quote: 4372615 | 15-May-17 | 3,262.50 | 228.38 | 453.81 | 3,944.69 · Total: 3944.69 · Disbursements: 228.38 · Firm text: Deloitte Restructuring Inc. · Firm quote: Deloitte Restructuring Inc., in its capacity as trustee in bankruptcy of Maple Financial Group lnc. · Hours total: Quote: TOTAL | TOTAL | 268.3 | 110,862.50 | · Value: 268.3 · Context quote: THIS MOTION made by Deloitte Restructuring Inc., in its capacity as trustee in bankruptcy (in such capacity, the "Trustee") of the bankruptcy estate (the "Bankruptcy Estate") of Maple Financial Group Inc.; Form: invoice_listing · Rows: · Money: Tax: $7.15K · Label: HST · Quote: $53,724.50 | $1,675.91 | $7,146.11 | $62,546.52 · Fees: $53.7K · Quote: Total | $53,724.50 | $1,675.91 | $7,146.11 | $62,546.52 · Total: $62.5K · Quote: Total | $53,724.50 | $1,675.91 | $7,146.11 | $62,546.52 · includes tax · includes disbursements · Approximate: false · Disbursements: $1.68K · Quote: $53,724.50 | $1,675.91 | $7,146.11 | $62,546.52 · Period: End: 2017-04-30 · Kind: cumulative · Quote: for the period November 21, 2016 to April 30, 2017 · Start: 2016-11-21 · Approval: State: unstated · Averages: — · Currency: · Invoices: Tax: 131.95 · Fees: 1015 · Quote: 2003882 (November 21, 2016 - December 8, 2016) | 1,015.00 | 0.00 | 131.95 | 1,146.95 · Total: 1146.95 · Period end: 2016-12-08 · Average rate: 725 · Period start: 2016-11-21 · Disbursements: 0; Tax: 1913.16 · Fees: 13790.5 · Quote: 2011673 (March 1, 2017 - March 31, 2017) | 13,790.50 | 979.08 | 1,913.16 | 16,682.74 · Total: 16682.74 · Period end: 2017-03-31 · Average rate: 483.88 · Period start: 2017-03-01 · Disbursements: 979.08; Tax: 641.99 · Fees: 4730.5 · Quote: 2013219 (April 1, 2017 -April 30, 2017) | 4,730.50 | 427.83 | 641.99 | 5,800.32 · Total: 5800.32 · Period end: 2017-04-30 · Average rate: 584.01 · Period start: 2017-04-01 · Disbursements: 427.83; Tax: 2569.81 · Fees: 19658 · Quote: 2014413 (April 26, 2017 -May 12, 2017) | 19,658.00 | 267.25 | 2,569.81 | 22,495.06 · Total: 22495.06 · Period end: 2017-05-12 · Average rate: 514.61 · Period start: 2017-04-26 · Disbursements: 267.25 · Firm text: Cassels Brock & Blackwell LLP · Firm quote: Cassels Brock &Blackwell LLP · Hours total: Quote: Total | $53,724.50 | $1,675.91 | $7,146.11 | $62,546.52 | 105.90 · Value: 105.9 · Context quote: Lawyers for Deloitte Restructuring Inc., in its capacity as trustee in bankruptcy of Maple Financial Group lnc.; Form: time_summary · Rows: Amanda Scalieri; Joseph J. Bellissimo; Kellye Walker; Monique Sassi · Money: Tax: $1.89K · Label: HST on Fees · Quote: HST on Fees | | | | 1,888.97 · Fees: $14.5K · Quote: Our Fee | | | | 14,530.50 · Total: $16.4K · Quote: Tota I Fees and Tax | | | | 16,419.47 · includes tax · Approximate: false · Disbursements: $2 · Quote: Total Taxable Disbursements | | | | 1,75 · Period: Kind: invoice · Quote: 2008940 (January 25, 2017 - February 28, 2017) · Start: 2017-01-25 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Cassels Brock & Blackwell LLP · Firm quote: Cassels Brock &Blackwell LLP · Context quote: This is our account herein Cassels Brock &Blackwell LLP; Form: time_summary · Rows: Amanda Scolieri; Joseph J. Bellissimo; Monique Sassi · Money: Tax: $1.79K · Label: HST on Fees · Quote: HST on Fees | | | | 1,792.77 · Fees: $13.8K · Quote: Our Fee | | | | 13,790.50 · Total: $16.7K · Quote: Total Fees, Disbursements &Tax | | | | $ 16682.74 · includes tax · includes disbursements · Approximate: false · Period: End: 2017-03-31 · Kind: invoice · Quote: TO PROFESSIONAL SERVICES RENDERED up to and including 03131117 · Start: 2017-03-01 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Cassels Brock & Blackwell LLP · Firm quote: Cassels Brock &Blackwell LLP · Context quote: This is our account herein Cassels Brock &Blackwell LLP; Form: time_summary · Rows: Amanda Scolieri; Joseph J. Bellissimo; Monique Sassi · Money: Tax: $615 · Label: HST on Fees · Quote: HST on Fees | | | | 614.97 · Fees: $4.73K · Quote: Our Fee | | | | 4,730.50 · Approximate: false · Period: End: 2017-04-30 · Kind: invoice · Quote: TO PROFESSIONAL SERVICES RENDERED up to and including 04/30117 · Start: 2017-04-01 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Cassels Brock & Blackwell LLP · Firm quote: Cassels Brock &Blackwell LLP · Context quote: This is our account herein Cassels Brock &Blackwell LLP
  • Proceeding type bia_bankruptcy
  • Province ONTARIO
PDF
Order (Approval of Interim Withdrawal or Advance, Myers, J.) (May 23,2017).pdf
  • Counsel Cassels Brock & Blackwell LLP
PDF
Claim Package.pdfPDF
Claims Process Order .pdf
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Pattillo Utsronjifeca
PDF
Endorsement, Pattillo, J. .pdfPDF
Order (Appointing Receiver) .pdf
  • Commencement date 5 April 2017
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-17-11748-00CL
  • Presiding officer Justice Pattillo Utsronjifeca
PDF
Certificate of Appointment dated August 4, 2016.pdfPDF
Notice to Creditors dated August 4, 2016.pdfPDF
Receivership Distribution and Discharge.pdfPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Maple Financial Group Inc. and Maple Futures Corp.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/maple-financial-group-inc-and-maple-futures-corp

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/maple-financial-group-inc-and-maple-futures-corp

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.