Mindful Collective Co., Ltd. is the subject of an active bankruptcy proceeding under the Bankruptcy and Insolvency Act. The record carries no court, judicial centre, commencement date or dated milestones.
The court granted an approval and vesting order for the sale to b, mat Inc. Closing terms, as extracted: Vesting occurs upon delivery of Trustee's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions.
Source: Approval and Vesting Order
The officer filed report no. First Report of the Trustee. MCC ceased operating around November 1, 2024 after losing its RBC operating line and terminating all employees; the Trustee has since conducted a Sales Process to sell substantially all of MCC's remaining assets rather than continue operations.
Trustee's Preliminary Report to the Creditors, dated February 18, 2025 — Court officer report
Debtor
Mindful Collective Co., Ltd.
Trustee in bankruptcy
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 3 orders, May 2025 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyEY | WeirFoulds LLP | 6 May 2025 | Order · 6 May 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesGeneral Security Agreement dated December 4, 2020 (agreement recorded 06-Apr-2021); asset items 101,1301,1101,1102,501 securing the liability — Bifurcated claim: total claim $1,478,739.62 = secured portion $1,314,035.91 (this entry) + unsecured shortfall $164,703.71 (reported separately in unsecured_creditors); estimated deficit from security -$164,703.71 as reported. — debtor: Mindful Collective Co., Ltd · as of 3 Feb 2025 | $1.31M | Creditors' Package |
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
38 more claims in 2 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans3 transactions · 2 proposed · 1 approved — two separate resulting transactions that, combined, will result in the sale of substantially all of the assets of MCCFirst Report of the Trustee, dated May 1, 2025 · 1 May 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Andrea McKayall of Vendor's and MCC's right, title and interest in and to the Purchased Assets · asset sale · nominee/assignee: a corporation to be formed (the ' Adopting Corporation ') | Subscribers | Proposed | First Report of the Trustee, dated May 1, 2025 |
| Purchaser identified only as party to agreement; Bernard Mariette described as President of the PurchaserBooks and Records, inventory and other assets described in Schedule 'A', and goodwill of the Business in the Territory · asset sale | Subscribers | Proposed | First Report of the Trustee, dated May 1, 2025 |
| b, mat Inc.all of the Trustee's and the Bankrupt's right, title, and interest in and to the Purchased Assets · asset sale · agreement 4 Apr 2025 | not stated | Approved6 May 2025 | Approval and Vesting Order |
Unsecured creditors: not yet estimated.First Report of the Trustee · 1 May 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | First Report of the Trustee · 1 May 2025 |
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 engagement · 1 firm — WeirFoulds LLP, 1 Jan 2025 – 25 Apr 2024, soughtFirst Report of the Trustee · 1 May 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| WeirFoulds LLPCounsel to the trustee | 1 Jan 2025 – 25 Apr 2024Sought | First Report of the Trustee · 1 May 2025 |
3 blurred figures above
What the firm billed — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansAs at ·
Cash on hand
$21.4K
As at 3 Feb 2025First Report of the Trustee, dated May 1, 2025
Professional fees
As at
1 more reported figure, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Ancillary Relief Order
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
First Report of the Trustee, dated May 1, 2025
| PDF · Subscribers | |
Motion Record, returnable May 6, 2025
| PDF · Subscribers | |
Trustee's Preliminary Report to the Creditors, dated February 18, 2025
| PDF · Subscribers | |
Creditors' Package
| PDF · Subscribers | |
| Certificate of Appointment | 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., “Mindful Collective Co., Ltd.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/mindful-collective-co-ltd
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/mindful-collective-co-ltd
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.