Proceedings.

RCR International Inc and WJ Dennis & Company

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, C-36
File
500-11-053555-179
Filings held48
Last activity7 Feb 2019
On the record3,215 days
Secured debtSubscribers
OverviewSummary updated

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.

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Case updates48 dated entries
#Report

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.

Source: Preliminary Administration Report of the Trustee

#Sale

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

Parties

Debtor

RCR International Inc and WJ Dennis & Company

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice PinsonnaultSuperior Court of Québec5 orders, Nov 2017 – May 201831 cases on record
Justice CollierSuperior Court of Québec2 orders, Feb 201824 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYFishman Flanz Meland Paquin LLP9 May 2018Order · 9 May 2018
ApplicantRCR International Inc and WJ Dennis & CompanyThornton Grout Finnigan LLP21 Nov 2017Order · 21 Nov 2017
Interim lenderMcCarthy Tétrault LLP21 Nov 2017Order · 21 Nov 2017
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredBanque 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$30.8MStatement of affairs and list of creditors
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

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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Sale processAs stated in the filings

4 transactions · 3 closed · 1 approved — All the assets of RCR were sold during the CCAA proceedingsPreliminary Administration Report of the Trustee · 7 Feb 2019

PurchaserPriceStatusSource
purchaser of the Sealing Division assets, unnamedassets of the Sealing Division and certain assets relating to the Flooring and Seasonal Division · asset saleSubscribersApprovedThird Report of the Monitor
Loxcreen Canada Ltd.the assets described in the MD Agreement (the "Purchased Assets") · asset salenot statedClosed7 Mar 2018Preliminary 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 saleSealedClosedFifth Report of the Monitor
Lanart Rug Inc.assets of the flooring and seasonal division · asset saleSubscribersClosed22 Mar 2018Preliminary Administration Report of the Trustee
AdvisorsLincoln Partners Advisors LLC (financial advisor); Lincoln International LLC (financial advisor)Preliminary Administration Report of the Trustee
Closing termsVesting occurs upon issuance of the Monitor's certificate confirming payment and satisfaction of closing conditionsApproval and Vesting Order
Sealed materialsExhibits R-4 and R-5 to the MotionApproval and Vesting Order
RecoveriesAs stated in the filings

Unsecured creditors: no distribution. Bank of Montreal (BMO) short.EstimatedPreliminary Administration Report of the Trustee · 7 Feb 2019

ClassCreditorClaimsRecoveryBasisSource
SecuredBank of Montreal (BMO)estimatedshortfallEstimatedper the trusteePreliminary Administration Report of the Trustee · 7 Feb 2019
Unsecured—estimatedno distributionEstimatedper the trusteePreliminary 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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Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As 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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Documents
48 filings
DateDocumentFile
Preliminary Administration Report of the Trustee
  • Closing confirmed Closed · 7 Mar 2018 · Loxcreen Canada Ltd; Closed · 22 Mar 2018 · Lanart Rug Inc.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Notice of Bankruptcy and First Meeting of Creditors, dated January 28, 2019
PDF · Subscribers
Proof of ClaimPDF · Subscribers
Proxy
PDF · Subscribers
Statement of affairs and list of creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice Under the Wage Earner Protection Program ActPDF · Subscribers
Certificate of Appointment
  • Appointee ERNST & YOUNG INC.
  • Appointee role trustee
  • Commencement date 23 January 2019
  • Court file no 505-11-015649-192
  • + 1 more extracted fact
PDF · Subscribers
Final Decree Order Closing Chapter 15 CasesPDF · Subscribers
Certificate of No Objection Regarding Final Report and Motion of Foreign Representative for Entry of a Final Decree OrderPDF · Subscribers
Final Report and Motion of Foreign Representative for Entry of a Final Decree OrderPDF · Subscribers
Order Recognizing and Enforcing the Canadian Distribution Order, Authorizing the Dissolution of DJW Liquidating and Granting Related Relief
PDF · Subscribers
Distribution Order
  • Counsel Fishman Flanz Meland Paquin LLP
  • Presiding officer Justice Michel A. Pinsonnault
PDF · Subscribers
Motion to Recognize and Enforce the Canadian Distribution Order, Authorize the Dissolution of DJW Liquidating Inc., and Grant Related ReliefPDF · Subscribers
Fifth Report of the Monitor
  • Closing confirmed Closed · 7 Mar 2018 · Loxcreen Canada Ltd. d/b/a MD Canada; Closed · 22 Mar 2018 · Lanart Rug Inc.
  • Purchaser Loxcreen Canada Ltd. d/b/a MD Canada · substantially all of the assets of the Applicants, save and except for the carpet inventory · asset sale · closed; Lanart Rug Inc. · the Carpet Inventory · asset sale · closed
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2018-05-01 · Table missing:
  • Sale advisor Lincoln International LLC (financial advisor)
  • + 2 more extracted facts
PDF · Subscribers
Motion for the Issuance of a Distribution Order
  • Recovery outcome Entries: per unstated; per unstated · Table missing:
PDF · Subscribers
Fourth Report of the Monitor
  • Closing confirmed Closed · 7 Mar 2018 · Loxcreen Canada Ltd.
  • Process results 6 solicited · 3 qualified bids · 3 bids · as of 2 Mar 2018
  • Purchaser Loxcreen Canada Ltd. · substantially all of the assets of the Applicants, save and except for the Carpet Inventory · asset sale · closed; 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 · proposed
  • Recovery outcome Entries: per unstated · Table missing:
  • + 3 more extracted facts
PDF · Subscribers
Motion for the Issuance of an Approval and Vesting OrderPDF · 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 ReliefPDF · Subscribers
Notice of Motion to Recognize and Enforce the Canadian Approval and Vesting Order, Approve the Sale of Assets and Grant Related ReliefPDF · Subscribers
Approval and Vesting Order
  • Closing terms Vesting occurs upon issuance of the Monitor's certificate confirming payment and satisfaction of closing conditions
  • Order date 27 February 2018
  • Presiding officer Justice David Collier
  • Purchaser Loxcreen Canada Ltd. · the assets described in the MD Agreement (the "Purchased Assets") · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
Order Extending the Stay of Proceedings to June 30, 2018
  • Presiding officer Justice David Collier
PDF · Subscribers
Third Report of the Monitor
  • Process results 185 solicited · 79 NDAs · 12 qualified bids · 7 bids · as of 26 Jan 2018
  • Purchaser purchaser of the Sealing Division assets, unnamed · assets of the Sealing Division and certain assets relating to the Flooring and Seasonal Division · asset sale · approved; potential purchaser of the Flooring and Seasonal Division assets, unnamed · assets of the flooring and seasonal division · asset sale · not completed
  • Recovery outcome Entries: per estimated · Stated on: 2018-02-26 · Table missing:
  • Sale advisor Lincoln International LLC (financial advisor)
  • + 2 more extracted facts
PDF · Subscribers
Motion for an Order Extending the Stay of Proceedings and an Approval and Vesting OrderPDF · Subscribers
Final Order Recognizing Foreign Main Proceeding and Other ReliefPDF · Subscribers
Order Directing Joint Administration of Chapter 15 CasesPDF · Subscribers
Order Specifying Form and Manner of Service Notice & Scheduling HearingPDF · Subscribers
Provisional Order Granting Recognition of Foreign Main Proceeding and Certain Related ReliefPDF · Subscribers
Declaration of Mario PetragliaPDF · Subscribers
Motion Specifying Form and Manner of Service Notice & Scheduling HearingPDF · Subscribers
Motion for Joint Administration of Cases Under Chapter 15 Bankruptcy CodePDF · Subscribers
Motion for Recognition of Foreign Main Proceeding and Certain Related ReliefPDF · Subscribers
RCR International - Chapter 15 Petition for Recognition of a Foreign ProceedingPDF · Subscribers
W.J. Dennis & Co. - Chapter 15 Petition for Recognition of a Foreign ProceedingPDF · Subscribers
Amended & Restated Initial Order
  • Applicant RCR International Inc. and WJ Dennis & Company
  • Appointee Ernst & Young Inc.
  • Appointee role Monitor
  • Commencement date 16 January 2018
  • + 5 more extracted facts
PDF · Subscribers
Motion to Amend and Restate the Initial OrderPDF · Subscribers
Phase 2 Instruction LetterPDF · Subscribers
Order Extending Stay of Proceedings to March 9, 2018
  • Presiding officer Justice Michel A. Pinsonnault
PDF · Subscribers
Second Report of the Monitor
  • Process results 185 solicited · as of 19 Dec 2017
  • Sale outcome Liquidation in progress — The SISP is proceeding positively and as planned; the Companies are pursuing phase 1 bids
  • Stalking horse Subscribers
PDF · Subscribers
Motion for an Order Extending the Stay of Proceedings
  • Presiding officer Justice Michel A. Pinsonnault
PDF · Subscribers
Sale and Investment Solicitation Process ProceduresPDF · Subscribers
Teaser
  • Sale advisor Lincoln Partners Advisors LLC (financial advisor)
  • Sale outcome Marketed — RCR International is being marketed for sale through an acquisition-opportunity teaser; interested parties are asked to sign and return a Confidentiality Agreement.
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
Notice to Creditors (Mail)PDF · Subscribers
Initial Order
  • Applicant RCR INTERNATIONAL INC. and WJ DENNIS & COMPANY
  • Appointee ERNST & YOUNG INC.
  • Appointee role Monitor
  • Commencement date 21 November 2017
  • + 6 more extracted facts
PDF · Subscribers
List of CreditorsPDF · Subscribers
Application for the Issuance of an Initial OrderPDF · Subscribers
Report of the Proposed MonitorPDF · 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

Sources last checked · summary updated 28 August 2026 · Report a correction · Printed from proceedings.ca/case/rcr-international-inc-and-wj-dennis-company

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.