Stokes Inc.
- Proceeding
- CCAASections 9, 10, 11, 11.02, 11.03, 11.2, 11.51, 11.52 and 23 of the Companies’ Creditors Arrangement Act, RSC 1985, c C-36
- File
- 500-11-064901-248
- Industry
- Retail · Home, furniture & electronics retail
Stokes Inc. is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act, commenced on November 15, 2024 in the Superior Court of Québec (Commercial Division) under court file number 500-11-064901-248. The proceeding remains active. Beyond the initial filing that opened the file, the record before us contains no further dated milestones — no orders, no reports, and no further steps in the case have been captured — so the case stands where it began, in Quebec, on the November 2024 filing.
The claims bar date has passed — claims were due by
Per the Ad Published in La Presse+ on March 28, 2025 for Claims Process dated 28 March 2025.
Third Amended and Restated Plan of Compromise and Arrangement — Plan of arrangement / compromise
Late Claims and Extension Order, extending the stary of proceedings to January 31st, 2026 was filed.
Source: Late Claims and Extension Order, extending the stary of proceedings to January 31st, 2026
The officer filed report no. Eighth Report. Post-Transaction retail operations are fully funded and conducted by the Purchaser (Hart Stores), while the Applicant continues limited wind-down activities including claims processing, cut-off reconciliations, and preparation for plan implementation and distributions.
Source: Eighth Report of the Monitor
Application for the Issuance of (i) a Sanction Order and (ii) a Late Claims and Extension Order & Exhibits — Application / notice of application
Second Amended and Restated Plan of Compromise and Arrangement — Plan of arrangement / compromise
The officer filed report no. Seventh Report. Stokes has largely wound down its own operations following the sale to Hart Stores, with the Monitor overseeing the claims process, distributions, and preparation of the Plan while the Applicant works through cut-off calculations and tax loss assessments.
Source: Seventh Report of the Monitor is intended to provide the Court with information relevant to the Plan
Notice to Creditors of the Meeting of Creditors and the Sanction Hearing — Notice to creditors
Order Extending the Stay Period to November 28, 2025 was filed.
Source: Order Extending the Stay Period to November 28, 2025
The officer filed report no. Sixth Report. Stokes has completed the sale of its inventory, IP and store leases to Hart Stores; the Monitor is now overseeing claims reconciliation and finalizing a Plan of Compromise or Arrangement for creditor distribution, with some residual pre-closing operations still winding down.
Source: Sixth Report of the Monitor
Application for Issuance of a Plan Filing and Meeting Order and Other relief — Application / notice of application
The officer filed report no. Fifth Report. Following the sale of substantially all assets to Hart Stores, Stokes' remaining activities involve winding down pre-transaction obligations, completing the CCAA claims process, and working toward a plan of compromise or arrangement; Hart Stores now operates the acquired assets.
Source: Fifth Report of the Monitor
A claims procedure was approved, setting a claims bar date of 2025-04-30.
Source: Ad Published in La Presse+ on March 28, 2025 for Claims Process
A claims procedure was approved, setting a claims bar date of 2025-04-30.
Source: Claims Process Order and Order Extending the Stay period to May 30, 2025
The officer filed report no. Fourth Report. Following the sale of substantially all assets to Hart Stores, Stokes' operations, employees, and leases have largely been maintained by the Purchaser, while Stokes continues to wind down pre-closing obligations, assess creditor claims, and prepare a plan of compromise or arrangement.
Source: Fourth Report of the Monitor
The officer filed report no. Third Report. Following the sale of Stokes' inventory, IP and most store leases to Hart Stores, the Applicant continues to operate the remaining non-assumed stores in the normal course for the benefit of Hart Stores until lease disclaimers take effect, while winding down excluded operations and preparing for a possible claims process and plan of arrangement.
Source: Third Report of the Monitor
Application for the Issuance of an Order Extending the Stay Period — Application / notice of application
The court granted an approval and vesting order for the sale to Hart Stores Inc. Closing terms, as extracted: vesting of Purchased Assets occurs upon issuance of the Monitor's Certificate confirming Closing.
Application For An Approval, Vesting, Assignment and Distribution Order — Application / notice of application
Order Approving Consulting Agreement and Sale Guidelines was filed.
Source: Order Approving Consulting Agreement and Sale Guidelines
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What to do when a company that owes you money goes bankrupt in Canada
When a Canadian company that owes you money goes bankrupt or into creditor protection, what you actually get back is usually a fraction of the debt, often nothing, and only if your claim is in on time. How to find the case, file a claim, meet a bar date, vote on a plan, take back goods and get paid, drawn from the court record.
Debtor
Stokes Inc.
Monitor
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Legendre | Superior Court of Québec | 13 orders, Nov 2024 – Jan 2026 | 8 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorEY | McCarthy Tétrault LLP | 12 Nov 2024 | Service list · 12 Nov 2024 |
| DebtorStokes Inc. | Osler, Hoskin & Harcourt LLP | 12 Nov 2024 | Service list · 12 Nov 2024 |
| CreditorBank of Nova Scotia | Kugler Kandestin LLP | 12 Nov 2024 | Service list · 12 Nov 2024 |
| CreditorJoint venture comprised of Tiger Asset Solutions Canada, ULC and B. Riley Retail Canada ULC | Stikeman Elliott LLP | 12 Nov 2024 | Service list · 12 Nov 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Scotiabank Asset Finance (a division of the Bank of Nova Scotia) ("Scotia")as of date hereof (November 14, 2024) — First ranking hypothecs and liens on substantially all the Company's assets and inventory ("Scotia Security"); also guaranteed by other affiliates including owner of IP rights used by Stokes — Operating line of credit balance; Scotia Loan Agreement matured July 14, 2024; treated as unaffected creditor under Second Forbearance Agreement; loan agreement and forbearance agreements filed under seal — debtor: Stokes Inc. | $14.4M | Application For A First Day Initial Order, Approval Of A Consulting Agreement And Sale Guidelines, An Amended And Restated Initial Order And Certain Ancillary Relief |
| Secured | |||
| Secured | |||
| Secured |
3 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale closed — The Transaction between Hart Stores and Stokes has closed with an effective closing date of December 23, 2024.Eighth Report of the Monitor · 14 Oct 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Hart Stores Inc.the 'Purchased Property' as defined and described in the Purchase Agreement and in Schedule 'A' to this Order (the 'Purchased Assets') · asset sale · agreement 19 Dec 2024 | Subscribers | Closed23 Dec 2024outside 31 Jan 2025 | Eighth Report of the Monitor |
Unsecured creditors: a distribution.Under the plan · implementedThird Amended and Restated Plan of Compromise and Arrangement · 21 Nov 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in full | Under the planimplementedper the debtor | Third Amended and Restated Plan of Compromise and Arrangement · 21 Nov 2025 |
| Preferred | — | — | paid in full | Under the planimplementedper the debtor | Third Amended and Restated Plan of Compromise and Arrangement · 21 Nov 2025 |
| Unsecured | Convenience Creditor | — | a distributionconditional | Under the planimplementedper the debtor | Third Amended and Restated Plan of Compromise and Arrangement · 21 Nov 2025 |
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.
Cumulative receipts
$0
As at 13 Aug 2025Sixth Report of the Monitor
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Notice of Initial Distribution
| PDF · Subscribers | |
Amended and Restated Sanction Order
| PDF · Subscribers | |
Application to Amend and Restate the Sanction Order
| PDF · Subscribers | |
| Certificate of Implementation | PDF · Subscribers | |
Third Amended and Restated Plan of Compromise and Arrangement
| PDF · Subscribers | |
Late Claims and Extension Order, extending the stary of proceedings to January 31st, 2026
| PDF · Subscribers | |
Minutes of the October 15th, 2025 Hearing
| PDF · Subscribers | |
Sanction order
| PDF · Subscribers | |
Eighth Report of the Monitor
| PDF · Subscribers | |
Application for the Issuance of (i) a Sanction Order and (ii) a Late Claims and Extension Order & Exhibits
| PDF · Subscribers | |
| Second Amended and Restated Plan of Compromise and Arrangement | PDF · Subscribers | |
| Amended and Restated Plan of Compromise and Arrangement | PDF · Subscribers | |
| Hart Stores’ Letter to Creditors | PDF · Subscribers | |
La Presse+ Ad (in French)
| PDF · Subscribers | |
Notice to Creditors of the Meeting of Creditors and the Sanction Hearing
| PDF · Subscribers | |
Proxy and Voting Form
| PDF · Subscribers | |
Registration Form
| PDF · Subscribers | |
Seventh Report of the Monitor is intended to provide the Court with information relevant to the Plan
| PDF · Subscribers | |
Order Extending the Stay Period to November 28, 2025
| PDF · Subscribers | |
Plan Filing and Meeting Order
| PDF · Subscribers | |
Sixth Report of the Monitor
| PDF · Subscribers | |
Application for Issuance of a Plan Filing and Meeting Order and Other relief
| PDF · Subscribers | |
| Comparison (Redline) - Schedule F | PDF · Subscribers | |
Schedule F - Amended Plan
| PDF · Subscribers | |
| Notice of Dispute | PDF · Subscribers | |
| Notice of Employee’s Claim | PDF · Subscribers | |
Order Extending the Stay Period to August 29, 2025
| PDF · Subscribers | |
Fifth Report of the Monitor
| PDF · Subscribers | |
Creditor List (updated as at April 1st, 2025)
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
Notice to Creditors for Claims Process
| PDF · Subscribers | |
Ad Published in La Presse+ on March 28, 2025 for Claims Process
| PDF · Subscribers | |
Claims Process Order and Order Extending the Stay period to May 30, 2025
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
Application for the Issuance of a Claims Process Order and for an Extension of the Stay Period to May 30, 2025
| PDF · Subscribers | |
Exhibit R-1A - Draft Claims Process Order
| PDF · Subscribers | |
Redline - Exhibit R-1A to Exhibit R-1
| PDF · Subscribers | |
| Redline - Exhibit R-1A to Model Order | PDF · Subscribers | |
Order Extending the Stay Period to April 25, 2025
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Application for the Issuance of an Order Extending the Stay Period | PDF · Subscribers | |
Approval, Vesting and Assignment Order
| PDF · Subscribers | |
Monitor’s Certificate
| PDF · Subscribers | |
Rescinding and cancellation of certain security registrations order (in French)
| PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Application For An Approval, Vesting, Assignment and Distribution Order | PDF · Subscribers | |
Book of Exhibits
| PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Order Approving Consulting Agreement and Sale Guidelines
| PDF · Subscribers | |
Rectified Amended and Restated Initial Order
| PDF · Subscribers | |
First Day Initial Order
| PDF · Subscribers | |
| Notice of Presentation - Comeback Hearing | PDF · Subscribers | |
Application For A First Day Initial Order, Approval Of A Consulting Agreement And Sale Guidelines, An Amended And Restated Initial Order And Certain Ancillary Relief
| PDF · Subscribers | |
Report of the Proposed Monitor
| PDF · Subscribers | |
Service List
| 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., “Stokes Inc.” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/stokes-inc