Sheldon Gross Limited is in bankruptcy in Ontario under the BIA, having been deemed to have filed an assignment in bankruptcy on March 7, 2022, under estate file no. 31-2810419. KSV Restructuring Inc. is the licensed insolvency trustee. A preliminary list of creditors submitted by the company as of that date, given without admission as to liability, is composed almost entirely of unsecured claims, the largest being 497227 Ont at $750,000, Michele Atlin at $550,000, Jerry Di Iorio at $450,000 and Maria Miao at $410,000. Several entries, including 1391739 Ontario Ltd., Cannect Mortgage Investment and the Zanini Loan c/o Dunpar, are carried at $1 to signify that the amount due is undetermined or unknown. Claims recorded for Allan Gross, Bianca Gross, Jules Gross Ltd. and Gross Produce are flagged as possible related-party debts. The proceeding remains active.
The officer filed report no. Trustee's Report to Creditors on Preliminary Administration. The Company, a real estate holding company with no ongoing business operations, has ceased activity following its bankruptcy filing; the Trustee is realizing its interests in several co-tenancy real estate holdings and investigating pre-bankruptcy dealings alongside the related GCI bankruptcy.
Source: Trustee's Report to Creditors on Preliminary Administration dated March 28, 2022
Sheldon Gross Limited was deemed to have filed an assignment in bankruptcy, placing the estate with KSV Restructuring Inc. as licensed insolvency trustee and opening the claims process.
Source: Notice of Bankruptcy and First Meeting of Creditors dated March 9, 2022
Recorded the time of bankruptcy as 15:37 on March 7, 2022, fixing the moment from which the estate runs.
Debtor
Sheldon Gross Limited
Trustee in bankruptcy
AlixPartners
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | 497227 Ontdebtor: Sheldon Gross Limited · as of 7 Mar 2022 | $750K | Notice of Bankruptcy and First Meeting of Creditors dated March 9, 2022 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$372K
As at 28 Mar 2022Trustee's Report to Creditors on Preliminary Administration dated March 28, 2022
| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors on Preliminary Administration dated March 28, 2022
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors dated March 9, 2022
| PDF · Subscribers | |
Certificate of Appointment dated March 7, 2022
| 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., “Sheldon Gross Limited” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/sheldon-gross-limited
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/sheldon-gross-limited
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.