The officer filed report no. Preliminary Administration Report of the Trustee. RCR ceased manufacturing operations and sold substantially all of its assets during CCAA proceedings in 2018 (to Loxcreen and Lanart), its U.S. subsidiary Dennis was dissolved, and by the bankruptcy date RCR had no remaining operating assets, only $11,548 in cash held in trust.
RCR International Inc and WJ Dennis & Company
Follow- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, C-36
- File
- 500-11-053555-179
- Industry
- Manufacturing · Building products
RCR International Inc., now 8912416 Canada Inc., commenced insolvency proceedings on January 23, 2019 under court file 505-11-015649-192 in Quebec, on the basis of section 49 of the Bankruptcy and Insolvency Act, with Ernst & Young Inc. as trustee. A Statement of Affairs prepared as at January 22, 2019 records total assets of $11,549.02 against total liabilities of $44,545,127.99, leaving a deficiency of $44,533,578.97. Bank of Montreal holds security over cash held in trust at Royal Bank of Canada and a universality of assets, with a claim registered at $30,784,607.00 and a balance of $30,773,057.98 also carried on the unsecured list. Employee claims of $3,662,472.83 are listed as ordinary unsecured, as is W J Dennis & Company at $385,539.12. The matter is active.
A claims procedure has been established — see the order for deadlines.
Notice of Bankruptcy and First Meeting of Creditors, dated January 28, 2019 — Notice to creditors
Certificate of Appointment was filed. Court file 505-11-015649-192.
Source: Certificate of Appointment
Certificate of No Objection Regarding Final Report and Motion of Foreign Representative for Entry of a Final Decree Order — Application / notice of application
Final Report and Motion of Foreign Representative for Entry of a Final Decree Order — Application / notice of application
Motion to Recognize and Enforce the Canadian Distribution Order, Authorize the Dissolution of DJW Liquidating Inc., and Grant Related Relief — Application / notice of application
The court granted an approval and vesting order for the sale to Loxcreen Canada Ltd. Closing terms, as extracted: Vesting occurs upon issuance of the Monitor's certificate confirming payment and satisfaction of closing conditions. Sealed: Exhibits R-4 and R-5 to the Motion.
Source: Approval and Vesting Order
Motion for an Order Extending the Stay of Proceedings and an Approval and Vesting Order — Approval and vesting order
Motion Specifying Form and Manner of Service Notice & Scheduling Hearing — Application / notice of application
Motion for Joint Administration of Cases Under Chapter 15 Bankruptcy Code — Application / notice of application
Motion for Recognition of Foreign Main Proceeding and Certain Related Relief — Application / notice of application
RCR International - Chapter 15 Petition for Recognition of a Foreign Proceeding — Application / notice of application
W.J. Dennis & Co. - Chapter 15 Petition for Recognition of a Foreign Proceeding — Application / notice of application
The stay of proceedings was extended. Court file 500-11-053555-179.
Source: Amended & Restated Initial Order
Debtor
RCR International Inc and WJ Dennis & Company
Monitor
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Pinsonnault | Superior Court of Québec | 5 orders, Nov 2017 – May 2018 | 31 cases on record |
| Justice Collier | Superior Court of Québec | 2 orders, Feb 2018 | 24 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorEY | Fishman Flanz Meland Paquin LLP | 9 May 2018 | Order · 9 May 2018 |
| ApplicantRCR International Inc and WJ Dennis & Company | Thornton Grout Finnigan LLP | 21 Nov 2017 | Order · 21 Nov 2017 |
| Interim lender | McCarthy Tétrault LLP | 21 Nov 2017 | Order · 21 Nov 2017 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Banque de Montréal (Bank of Montreal) · in 46 casesCash on hand - en fidéicommis - Royal Bank of Canada (value 11,548.02); Other - Universalité des biens (value 1.00); amount of claim registered as $30,784,607.00 — Balance of claim per List B; also listed as unsecured claim on List A with balance of claim 30,773,057.98 — debtor: 8912416 Canada Inc. (formerly RCR International Inc.) · as of 22 Jan 2019 | $30.8M | Statement of affairs and list of creditors |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
295 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans4 transactions · 3 closed · 1 approved — All the assets of RCR were sold during the CCAA proceedingsPreliminary Administration Report of the Trustee · 7 Feb 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser of the Sealing Division assets, unnamedassets of the Sealing Division and certain assets relating to the Flooring and Seasonal Division · asset sale | Subscribers | Approved | Third Report of the Monitor |
| Loxcreen Canada Ltd.the assets described in the MD Agreement (the "Purchased Assets") · asset sale | not stated | Closed7 Mar 2018 | Preliminary Administration Report of the Trustee |
| Lanart Rug Inc.the Carpet Inventory, the in-transit carpet inventory and most of the deposits related to purchase orders placed with foreign suppliers of carpet inventory · asset sale | Sealed | Closed | Fifth Report of the Monitor |
| Lanart Rug Inc.assets of the flooring and seasonal division · asset sale | Subscribers | Closed22 Mar 2018 | Preliminary Administration Report of the Trustee |
Unsecured creditors: no distribution. Bank of Montreal (BMO) short.EstimatedPreliminary Administration Report of the Trustee · 7 Feb 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Bank of Montreal (BMO) | estimated | shortfall | Estimatedper the trustee | Preliminary Administration Report of the Trustee · 7 Feb 2019 |
| Unsecured | — | estimated | no distribution | Estimatedper the trustee | Preliminary Administration Report of the Trustee · 7 Feb 2019 |
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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See all plansAs at ·
Cash on hand
$11.5K
As at 23 Jan 2019Preliminary Administration Report of the Trustee
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Preliminary Administration Report of the Trustee
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors, dated January 28, 2019
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
Proxy
| PDF · Subscribers | |
Statement of affairs and list of creditors
| PDF · Subscribers | |
| Notice Under the Wage Earner Protection Program Act | PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
| Final Decree Order Closing Chapter 15 Cases | PDF · Subscribers | |
| Certificate of No Objection Regarding Final Report and Motion of Foreign Representative for Entry of a Final Decree Order | PDF · Subscribers | |
| Final Report and Motion of Foreign Representative for Entry of a Final Decree Order | PDF · Subscribers | |
Order Recognizing and Enforcing the Canadian Distribution Order, Authorizing the Dissolution of DJW Liquidating and Granting Related Relief
| PDF · Subscribers | |
Distribution Order
| PDF · Subscribers | |
| Motion to Recognize and Enforce the Canadian Distribution Order, Authorize the Dissolution of DJW Liquidating Inc., and Grant Related Relief | PDF · Subscribers | |
Fifth Report of the Monitor
| PDF · Subscribers | |
Motion for the Issuance of a Distribution Order
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
| Motion for the Issuance of an Approval and Vesting Order | PDF · Subscribers | |
Order Recognizing and Enforcing the Canadian Approval and Vesting Order, Approving the Sale of Assets and Granting Related Relief
| PDF · Subscribers | |
Motion to Recognize and Enforce the Canadian Approval and Vesting Order, Approve the Sale of Assets and Grant Related Relief
| PDF · Subscribers | |
| Motion to Shorten Notice for Canadian Approval and Vesting Order, Approval of Sale of Assets and Granting of Related Relief | PDF · Subscribers | |
| Notice of Motion to Recognize and Enforce the Canadian Approval and Vesting Order, Approve the Sale of Assets and Grant Related Relief | PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Order Extending the Stay of Proceedings to June 30, 2018
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Motion for an Order Extending the Stay of Proceedings and an Approval and Vesting Order | PDF · Subscribers | |
| Final Order Recognizing Foreign Main Proceeding and Other Relief | PDF · Subscribers | |
| Order Directing Joint Administration of Chapter 15 Cases | PDF · Subscribers | |
| Order Specifying Form and Manner of Service Notice & Scheduling Hearing | PDF · Subscribers | |
| Provisional Order Granting Recognition of Foreign Main Proceeding and Certain Related Relief | PDF · Subscribers | |
| Declaration of Mario Petraglia | PDF · Subscribers | |
| Motion Specifying Form and Manner of Service Notice & Scheduling Hearing | PDF · Subscribers | |
| Motion for Joint Administration of Cases Under Chapter 15 Bankruptcy Code | PDF · Subscribers | |
| Motion for Recognition of Foreign Main Proceeding and Certain Related Relief | PDF · Subscribers | |
| RCR International - Chapter 15 Petition for Recognition of a Foreign Proceeding | PDF · Subscribers | |
| W.J. Dennis & Co. - Chapter 15 Petition for Recognition of a Foreign Proceeding | PDF · Subscribers | |
Amended & Restated Initial Order
| PDF · Subscribers | |
| Motion to Amend and Restate the Initial Order | PDF · Subscribers | |
| Phase 2 Instruction Letter | PDF · Subscribers | |
Order Extending Stay of Proceedings to March 9, 2018
| PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
Motion for an Order Extending the Stay of Proceedings
| PDF · Subscribers | |
| Sale and Investment Solicitation Process Procedures | PDF · Subscribers | |
Teaser
| PDF · Subscribers | |
| Notice to Creditors (Mail) | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
| List of Creditors | PDF · Subscribers | |
| Application for the Issuance of an Initial Order | PDF · Subscribers | |
| Report of the Proposed Monitor | 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., “RCR International Inc and WJ Dennis & Company” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/rcr-international-inc-and-wj-dennis-company