Proceedings.

Mastermind

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Closed
Proceeding
CCAACompanies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
File
CV-23-00710259-00CL
Filings held37
Last activity1 Apr 2025
On the record1,078 days
Claims processIf you are owed money

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

Per the Claims Procedure Order dated 28 February 2024.

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Case updates35 dated entries · 2 undated
Undated filings2 — no date appears on the document · show
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Claims

Notice of Dispute of Revision or Disallowance — Claims process approved

PDF · Subscribers

Guide

What happens to gift cards when a company goes out of business in Canada

When a Canadian store chain files for creditor protection, a court order decides how long its gift cards still work — often about two weeks. What happens after that, and to deposits, refunds, points and bookings, drawn from the 20 retail chains that went to court since 2023.

Guide

What to do when a company that owes you money goes bankrupt in Canada

When a Canadian company that owes you money goes bankrupt or into creditor protection, what you actually get back is usually a fraction of the debt, often nothing, and only if your claim is in on time. How to find the case, file a claim, meet a bar date, vote on a plan, take back goods and get paid, drawn from the court record.

Parties

Debtor

Mastermind

Monitor

Alvarez & Marsal

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice SteeleOntario Superior Court of Justice10 orders, Nov 2023 – Aug 2024245 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorAlvarez & MarsalBennett Jones LLP—Service list
ApplicantMastermind GP IncDavies Ward Phillips & Vineberg LLP22 Nov 2023Order · 22 Nov 2023
ApplicantOld MMGPIncDavies Ward Phillips & Vineberg LLP—Service list
DebtorMastermindDavies Ward Phillips & Vineberg LLP30 Nov 2023Order · 30 Nov 2023
CreditorbcMIC Realty Corporation and BK Prime Alberta I LPBlaney McMurtry LLP—Service list
CreditorCanadian Imperial Bank of CommerceNorton Rose Fulbright Canada LLP—Service list
CreditorGordon Brothers Canada ULCOsler, Hoskin & Harcourt LLP—Service list
CreditorKanata Entertainment Holdings IncStikeman Elliott LLP—Service list
CreditorLEGO Canada IncBlake, Cassels & Graydon LLP—Service list
CreditorSalthill CapitalMinden Gross LLP—Service list
CreditorTeresa MorrowRoss & McBride LLP—Service list
CreditorUnity Acquisitions IncFasken Martineau DuMoulin LLP—Service list
RecoveriesAs declared or paid

Unsecured creditors: a distribution.FinalSixth Report of the Monitor · 24 Oct 2024

ClassCreditorClaimsRecoveryBasisSource
UnsecuredClaimants (unsecured, non-priority Proven Claims)provenFinalper the monitorSixth Report of the Monitor · 24 Oct 2024

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.

2 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Documents
37 filings
DateDocumentFile
Monitor’s CertificatePDF · Subscribers
Factum of the Court-Appointed MonitorPDF · Subscribers
Motion Record of the Court-Appointed MonitorPDF · Subscribers
Sixth Report of the Monitor
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2024-10-24 · Table missing:
PDF · Subscribers
CCAA Termination and Distribution Order
  • Presiding officer Justice Steele
PDF · Subscribers
Fifth Report of the MonitorPDF · Subscribers
Motion RecordPDF · Subscribers
Notice to ClaimantsPDF · Subscribers
Claims Procedure Order
  • Presiding officer Justice Steele
PDF · Subscribers
Fourth Report of the MonitorPDF · Subscribers
Ancillary Order
  • Counsel Davies Ward Phillips & Vineberg LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Assignment Order
  • Presiding officer Justice Steele
PDF · Subscribers
Motion Record - ApplicantPDF · Subscribers
Factum - Applicant
  • Counsel Davies Ward Phillips & Vineberg LLP
PDF · Subscribers
Third Report of the MonitorPDF · Subscribers
Endorsement of Justice Steele
  • Presiding officer Justice Steele
PDF · Subscribers
Supplemental Motion RecordPDF · Subscribers
Factum of the Applicant (Motion Returnable December 13, 2023)PDF · Subscribers
Second Report of the MonitorPDF · Subscribers
Motion Record (Returnable December 13, 2023)PDF · Subscribers
Approval and Vesting Order
  • Counsel Davies Ward Phillips & Vineberg LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Amended and Restated Initial Order
  • Applicant MASTERMIND GP INC.
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role Monitor
  • Commencement date 23 November 2023
  • + 5 more extracted facts
PDF · Subscribers
Factum of the Applicant (Comeback Hearing Returnable November 30, 2023)PDF · Subscribers
Liquidation and Sale Approval Order
  • Counsel Davies Ward Phillips & Vineberg LLP
  • Presiding officer Justice Steele
PDF · Subscribers
First Report of the MonitorPDF · Subscribers
Motion Record (Returnable November 30, 2023)PDF · Subscribers
Notice to CreditorsPDF · Subscribers
Claims Procedure Instruction LetterPDF · Subscribers
FactumPDF · Subscribers
List of CreditorsPDF · Subscribers
Proof of Claim FormPDF · Subscribers
Stay Extension Order
  • Presiding officer Justice Steele
PDF · Subscribers
Application RecordPDF · Subscribers
Initial Order
  • Counsel Davies Ward Phillips & Vineberg LLP
  • Presiding officer Justice Steele
  • Proceeding type ccaa
  • Statutory basis Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
PDF · Subscribers
Pre-Filing Report of the MonitorPDF · Subscribers
Notice of Dispute of Revision or DisallowancePDF · Subscribers
Service List
  • Counsel Minden Gross LLP
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., “Mastermind” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/mastermind

Sources last checked · record updated 31 August 2026 · Report a correction · Printed from proceedings.ca/case/mastermind

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.