S. Cohen Inc. remains in proceedings under a notice of intention to make a proposal filed pursuant to section 50.4 of the Bankruptcy and Insolvency Act, in Quebec. Tafford Inc. holds a hypothec securing a credit facility, with indebtedness stated at $1,398K; the trustee obtained an independent opinion confirming the validity and enforceability of that security. The Toronto-Dominion Bank held security interests charging all of the debtor's present and future inventory and claims, but that indebtedness has been repaid in full as a result of the debtor's restructuring measures and the TD security has been discharged.
The officer filed a report. S. Cohen Inc. ceased operating following its deemed bankruptcy on January 8, 2021; the Trustee closed the Company's bank accounts, took possession of its books and records, and is winding down affairs including employee severance matters through the WEPP program.
Tafford Inc.Hypothec securing credit facility — Amount stated as $1,398K in report; Trustee obtained independent opinion confirming validity and enforceability of security — debtor: S. Cohen Inc.
$1.4M
Report of the Trustee for the Approval of the Sale of Assets Outside the Ordinary Course of Business
Secured
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1 more claim in 1 class The stack holds Secured claims.
Closing termsVesting occurs upon issuance of the Trustee's Certificate confirming satisfaction of the Closing Condition and payment of the Purchase PriceApproval and Vesting Order
Estate financialsReported figures — never derived
Total assets at filing
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
Trustee's Report to the Creditors on its Preliminary Administration
Operational summaryS. Cohen Inc. ceased operating following its deemed bankruptcy on January 8, 2021; the Trustee closed the Company's bank accounts, took possession of its books and records, and is winding down affairs including employee severance matters through the WEPP program.
Cash on hand · Disbursements · Financial positionSubscribers
Closing termsVesting occurs upon issuance of the Trustee's Certificate confirming satisfaction of the Closing Condition and payment of the Purchase Price
Presiding officerRegistrar Vicnent-Michel Aubé
PurchaserContinental Capital Investments Inc. · Purchased Property · asset sale · approved
Sale outcomeSale approved — The Transaction with Continental Capital Investments Inc. is approved by the Court
Report of the Trustee for the Approval of the Sale of Assets Outside the Ordinary Course of Business
Process results41 solicited · 10 NDAs · 2 bids
PurchaserContinental Capital Investments Inc. · All inventory, goods, wares and merchandise wherever situated in Canada and owned by the Debtor as at the closing of the proposed transaction (the ' Inventory '); and ... all furniture, racking, fixtures, equipment and all other corporeal/tangible property owned by and located at the Debtor 's place of business (the ' Equipment ') · asset sale · proposed
Sale outcomeApproval pending — The Trustee recommends the Court approve the offer from Continental Capital Investments Inc. for the Purchased Property; approval is pending.
Fourth Report to the Court Submitted by PricewaterhouseCoopers Inc. in its Capacity as Trustee Under the Notice of Intention to Make a Proposal of S. Cohen Inc.
Second Report to the Court Submitted by PricewaterhouseCoopers Inc. in its Capacity as Trustee Under the Notice of Intention to Make a Proposal of S. Cohen Inc.
First Report to the Court Submitted by PricewaterhouseCoopers Inc. in its Capacity as Trustee Under the Notice of Intention to Make a Proposal of S. Cohen Inc.
Sources last checked · summary updated 4 September 2026 · Report a correction · Printed from proceedings.ca/case/s-cohen-inc
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