Prosperity Foods Ltd.
FollowActive
- Proceeding
- NOIBIA s. 50.4
- File
- 31-2195743
Filings held11
Last activity10 Jan 2017
On the record3,580 days
Secured debt$1M
OverviewSummary updated
Prosperity Foods Ltd. has been under a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act since December 2, 2016, in the Ontario Superior Court of Justice under court file 31-2195743. The proceeding remains active. As of December 8, 2016, TD Bank was owed $1,000,024, before accruing interest and bank costs of enforcement, secured by a security interest over Prosperity's property, assets and undertakings that an independent legal opinion from Dale & Lessmann LLP confirmed valid and enforceable; TD Bank has continued to provide an operating line pending the closing of an asset purchase agreement. Funds from the purchase price are expected to be available to unsecured creditors. The Company and the proposal trustee contacted ten key trade suppliers directly, representing approximately 50% of total unsecured debt.
Proceedings AIAsk this case — answers cite the filings
Case updates10 dated entries · 1 undated
#Filing
Application filed in the Ontario Superior Court of Justice, Commercial List, on the same date as the reporting on TD Bank's secured position and the pending asset purchase agreement.
#Filing
Certificate of Filing of a Notice of Intention to Make a Proposal — NOI certificate of filing
#Report
A court officer's report was filed on the day the notice of intention was given, the first report on the record in the proceeding.
Source: First Report of the Proposal Trustee, dated December 9, 2016
Undated filings1 — no date appears on the document · show
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Parties
Debtor
Prosperity Foods Ltd.
Proposal trustee
GlassRatner
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Mesbur | Ontario Superior Court of Justice | 1 order, Dec 2016 | 31 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorProsperity Foods Ltd. | Torkin Manes LLP | 13 Dec 2016 | Order · 13 Dec 2016 |
| CreditorToronto-Dominion Bank RYDER TRUCK RENTAL CANADA LTD | Harrison Pensa LLP | 7 Dec 2016 | Service list · 7 Dec 2016 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | TD Bank · in 29 casesSecurity interest over the property, assets and undertakings of Prosperity, confirmed valid and enforceable per Independent Legal Opinion from Dale & Lessmann LLP — Amount before accruing interest and bank costs of enforcement; TD Bank continuing to provide operating line pending closing of APA — debtor: Prosperity Foods Ltd. · as of 8 Dec 2016 | $1M | First Report of the Proposal Trustee, dated December 9, 2016 |
| 8 | Unsecured | Great Southern Peanut, LLCdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $153K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Tifton Quality Peanuts, LLCdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $148K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Humphrey Pecan, S.A. DE C.V.Attn: Elizabeth J. Vann, c/o Vann Law Firm, P.C. — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $99.2K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Lampman Pecan Company Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $99K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Totally Nuts & More IncFirst of two separate List A entries for this creditor (same address, 2000 Peel Suite 610, Montreal) — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $92.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | North American Impex Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $92.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Barry Callebaut Canada Inc. · in 2 casesAttn: Elizabeth Martinez; address Chicago IL USA — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $92.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | S & D Best Foods Inc.Attn: Christine Jonathan, c/o Macdonald Sager Manis LLP — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $91.1K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Oguzcan A.S.Address Oren/Kemalpasa (Turkey) — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $63.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Star Snacks LLCdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $58.1K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Mascot Pecandebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $54.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | The Hemisphere Groupdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $52.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Lakeview Commodities Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $45.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Totally Nuts & More IncSecond of two separate List A entries for this creditor (same address, 2000 Peel Suite 610, Montreal) — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $40.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Valley Harvest Nut CompanyForm annotates creditor 'USD'; amount recorded in the form's CAD-summed claim column — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $38.5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 7992009 Canada Inc - Groupe PR Internationaldebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $38.1K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | B&R Staffing Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $34.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | CDQ Co-Opdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $31.8K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Powell May Internationaldebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $31.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Golden Grove Peanut Companydebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $25.7K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Weinstein Raisindebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $23.8K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Moore Packaging Corporation · in 7 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $20.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Receiver General (HST) · in 75 casesHST payable to Receiver General (CRA deemed trust class) — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $20.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Jupiter Tradingdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $20.2K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Nith River Milling Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $19.7K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | TransX Group of Companiesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $19.5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Dynamic Foodsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $17.5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Liftow Limited · in 30 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $15.9K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Poindexter Nut Co - U.S.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $15.7K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Professional Ingredientsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $13.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Cargill Cocoa & Chocolate NAdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $13.3K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Shashi Quality Foodsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $13K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Caldic Canada Inc. · in 3 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $12.2K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Gerrity Corrugated Paper Products Ltd. · in 7 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $11.7K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Delices De La Foret · in 2 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $11.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Barcode Application Solutionsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $11.5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Ocean Spray International, Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $11.3K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Como Foods Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $11.1K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Copper Run Motor Freight Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $9.82K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Tal Productsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $9.01K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Sunco Foods Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $8.91K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Asaya Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $8.86K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Unique Ingredients & Surfrutdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $8.42K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Torkin Manes Cohen & Arbus LLPdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $8K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Van Amerongendebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $7.55K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Toronto Salt & Chemical Ltd.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $6.78K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Traffic Tech Incdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $6.59K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Ryder Truck Rental Canada Ltd. · in 15 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $6.35K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Safe Food Corporation · in 2 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $6.3K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | NF Sales & Marketing NFLD.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $6.22K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Aoda Foods International Limiteddebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $6.08K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Sunbelt Logistics Group · in 2 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $5.97K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Sacramento Valley Walnut Growersdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $5.59K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Hershey Canada Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $5.12K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Fine Air MechanicalAttn: Somi Feiner — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $5.06K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Leonard FeinsteinShare sale — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Lynx Truck Transportdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $4.88K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Bedemco Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $4.55K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 407 ETR Express Toll Route · in 37 casesAttn: Marion Richardson/Collections — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $4.33K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Tamefield Warehousingdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $4.32K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Toronto Hydro Electric System Ltd.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $4.25K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Golden Peanut & Tree Nutsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $3.62K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Total Quality Logistics · in 14 casesForm annotates creditor 'USD'; amount recorded in the form's CAD-summed claim column — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $3.38K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | GTA Tech Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $3.33K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Excel Plastics Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $3.3K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Perfection Foodsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $3.25K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Total Pac & Design Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $3.24K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Creative Food Ingredientsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $3.02K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | CSA Transportation · in 8 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.9K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Workplace Safety & Insurance Board · in 49 casesWSIB — statutory/regulatory claim; listed in List A unsecured — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.83K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Maritime-Ontario Freight Lines Limiteddebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.58K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Trent Howard Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.39K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | MLG Enterprises Limiteddebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.37K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | G&K Services Canada Inc. · in 8 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.26K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | RJP Packaging Inc. · in 2 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.23K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Golden Boy Foods Ltd.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.15K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Ottawa Valley Grain Productsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2.13K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Enbridge Gas Distribution - Ontario · in 54 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $2K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Nino D'aversa Bakery Ltd.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1.99K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Zinda Products Canada Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1.93K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Scala Wissel International Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1.9K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Chep Canada · in 13 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1.85K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Grain Process Enterprises Limiteddebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1.67K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Profex Logistics Servicesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1.13K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Imperial Oil (Esso) · in 29 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1.12K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Telus Mobility · in 67 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1.03K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 4Refuel Canada LP · in 9 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $948 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Minimax Transportation Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $926 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | EFS Networkdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $899 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Butler Operation Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $767 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Bell Canada · in 298 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $662 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Loma Systems Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $661 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Gertex Distributing Inc. · in 3 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $620 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Erb Group Of Companies · in 3 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $552 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Graphic Transportation Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $542 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | CBSA Commercial Operationsdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $481 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Sabre Health Direct Inc.debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $463 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Terago Networks Inc. · in 9 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $424 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | BCB International Inc. · in 6 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $390 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | The Treat Shoppedebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $373 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | City Of Toronto - Finance: Revenue Serv.Municipal — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $322 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Acklands Grainger Ciscodebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $313 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | HD Supply Canada Inc. · in 3 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $309 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Gelda Scientific & Industrial Development Corporationdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $170 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Torbram Electric Supply · in 8 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $130 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | BDI Canada Inc. · in 17 casesdebtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $75 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | National Leasing Group Inc. · in 52 casesStated as $1.00 (nominal placeholder). Attn: Bankruptcy Designate — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Nissan Canada Finance Inc. c/o BankruptcyHighway · in 3 casesStated as $1.00 (nominal placeholder). Attn: Mike Timko — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Roynat Lease Finance Inc. · in 4 casesStated as $1.00 (nominal placeholder). Attn: Alex Jung — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Employees - Various · in 10 casesStated as $1.00 (nominal placeholder); listed in List A unsecured (not List C preferred) — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Business Development Bank of Canada - Toronto · in 24 casesBank listed as unsecured; stated as $1.00 (nominal placeholder). Attn: Special Accounts — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | LiftCapital Corporation · in 9 casesStated as $1.00 (nominal placeholder) — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | The Toronto-Dominion Bank · in 111 casesBank listed as unsecured; stated as $1.00 (nominal placeholder) — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Dare Foods LimitedStated as $1.00 (nominal placeholder). Attn: Donna Miller — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | CRA - Canada Revenue Agency - Tax - Ontario · in 15 casesCRA tax (deemed trust class); stated as $1.00 (nominal placeholder). BN 883447229RP0001 — debtor: Prosperity Foods Ltd. · as of 4 Jan 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
Sale processAs stated in the filings
Approval pending — Proposal Trustee recommends the Court approve the APA selling the Purchased Assets to the PurchaserFirst Report of the Proposal Trustee, dated December 9, 2016 · 9 Dec 2016
| Purchaser | Price | Status | Source |
|---|---|---|---|
| unnamed third-party company in the same industry, referred to as 'the Purchaser'the Purchased Assets including all of the Company's rights in Intellectual Property Licenses and Registrations, equipment, inventory and accounts receivable · asset sale · agreement 1 Dec 2016 | SealedPurchase price and comparison analysis are contained in sealed Confidential Exhibits | Proposed | First Report of the Proposal Trustee, dated… |
Sealed materialsConfidential Exhibits 1, 2, 3 and 4Approval & Vesting Order, dated December 13, 2016
RecoveriesAs stated in the filings
Unsecured creditors: a distribution.EstimatedFirst Report of the Proposal Trustee · 9 Dec 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | a distributionconditional | Estimatedper the proposal trustee | First Report of the Proposal Trustee · 9 Dec 2016 |
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.
Estate financialsReported figures — never derived
Total assets at filing$260K
Total liabilities at filing$1.88M
As at 4 Jan 2017 · per Form 78 Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer (Ira Day); sworn 5 January 2017 · Entity: Prosperity Foods Ltd. (Toronto, Ontario) — Summary liabilities: unsecured creditors per List A 1,882,589.86; balance of secured claims per List B 0.00; total unsecured creditors 1,882,589.86; secured creditors per List B 0.00 (List B is a stated NONE, empty); preferred creditors per List C 0.00 (stated NONE, empty); contingent/trust claims per List D 0.00; total liabilities 1,882,589.86. Assets: total assets 259,891.00 (incl. accounts receivable estimated to produce 129,890.00, deposits in financial institutions 100,000.00, cash 30,000.00, other property 1.00). Deficiency stated 1,622,698.86. Form header states affairs as at date of ba
Documents
11 filings
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors
| ||
| Certificate of Appointment | ||
Approval & Vesting Order, dated December 13, 2016
| ||
| Endorsement, dated December 13, 2016 | ||
Motion Record, returnable December 13, 2016
| ||
Order (Admin Charge), dated December 13, 2016
| ||
First Report of the Proposal Trustee, dated December 9, 2016
| ||
E-Service List
| ||
| NOI Creditors Package | ||
| Certificate of Filing of a Notice of Intention to Make a Proposal | ||
| E-Service List (Word) | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Prosperity Foods Ltd.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/prosperity-foods-ltd