Proceedings.

Thane Direct Company et al

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Proceeding
Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and under section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
Court
Ontario Superior Court of Justice
File
CV-15-11146-00CL
Filings held49
Last activity30 May 2018
On the record3,986 days
Secured debtSubscribers
OverviewSummary updated

Thane Direct Company et al were placed in a court-appointed receivership by order made on 23 October 2015 in the Ontario Superior Court of Justice, on the application of Bank of Montreal under section 243 of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Richter Advisory Group Inc. was appointed receiver. Bank of Montreal, as agent, and HSBC were stated as secured creditors for USD 102,481,442. The largest unsecured claim stated was USD 1,908,868.63 by TV Products International Ltd. The proceeding was carried on court file CV-15-11146-00CL.

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Case updates52 dated entries

49 earlier updates, back to 23 October 2015 — subscribers.

Parties

Debtor

1262775 Ontario Inc (formerly known as Thane Direct Canada Inc)

Debtor

2194124 Ontario Inc (formerly Thane Direct Marketing Inc)

Debtor

3244585 Nova Scotia Company (formerly Thane Direct Company)

Debtor

Thane Direct Company et al

Receiver

Richter

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice PennyOntario Superior Court of Justice3 orders, Oct 2015179 cases on record
Justice HaineyOntario Superior Court of Justice2 orders, Mar 2018196 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverRichterBorden Ladner Gervais LLP · Womble Carlyle Sandridge & Rice, LLP13 Nov 2015Service list · 13 Nov 2015
DebtorThane Direct Company et alStikeman Elliott LLP13 Nov 2015Service list · 13 Nov 2015
CreditorBank of MontrealChapman And Cutler LLP · Gowling Lafleur Henderson LLP (now Gowling WLG (Canada) LLP)23 Oct 2015Service list · 13 Nov 2015
CreditorProceedings Commenced AT TorontoBorden Ladner Gervais LLP3 Apr 2017Application · 3 Apr 2017
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredBank of Montreal (as Agent), HSBC Bank Canada, National Bank of Canada (Lenders syndicate) · in 280 casesGeneral security agreement representing a charge over all assets of Thane — Estimated amount owed as of September 30, 2015 per Receiver's notice — debtor: Thane Direct Company, Thane Direct Canada Inc., Thane Direct Marketing Inc., Thane International, Inc., West Coast Direct Marketing, Inc., TDG, Inc., Thane Direct, Inc. · as of 30 Sep 2015$102M USDNotice and Statement of the Receiver – dated October 30, 2015

143 more claims across lower-ranking classes

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RecoveriesAs declared or paid

Unsecured creditors: no distribution. Lenders (BMO, HSBC, NBC) short.FinalFinal Report of Receiver · 30 May 2018

ClassCreditorClaimsRecoveryBasisSource
SecuredLenders (BMO, HSBC, NBC)—shortfallFinalper the receiverFinal Report of Receiver · 30 May 2018
Unsecured——no distributionFinalper the receiverFinal Report of Receiver · 30 May 2018

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 stated figures across 2 outcomes, each sourced

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Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
49 filings
DateDocumentFile
Final Report of Receiver – dated May 30, 2018
  • Recovery outcome Entries: per actual; per actual · Table missing:
PDF · Subscribers
Receiver’s Discharge Certificate – dated May 16, 2018PDF · Subscribers
Fifth Interim Report of Receiver – dated May 8, 2018PDF · Subscribers
Fourth Interim Report of Receiver – dated May 8, 2018PDF · Subscribers
Second Interim Report of Receiver – dated May 8, 2018PDF · Subscribers
Third Interim Report of Receiver – dated May 8, 2018PDF · Subscribers
Distribution Order of Justice Hainey dated March 21, 2018
  • Presiding officer Justice Hainey
PDF · Subscribers
Endorsement of Justice Haniey dated March 21, 2018
  • Presiding officer Justice Haniey
PDF · Subscribers
Motion Record (Returnable March 21, 2018) – dated March 12, 2018PDF · Subscribers
Second Report of the Receiver – dated March 12, 2018PDF · Subscribers
Final Decree and Order pursuant to 11 U.S.C. 105, 350 and 1517 closing Chapter 15 Cases and discharging the Foreign Representative – dated May 15, 2017PDF · Subscribers
Endorsement (Discharge of Receiver and Distribution) – dated April 3, 2017PDF · Subscribers
Final Report of Receiver – dated April 3, 2017PDF · Subscribers
Motion Record (Returnable April 3, 2017) – dated March 15, 2017PDF · Subscribers
Motion to Close Chapter 15 Cases and Discharge the Foreign Representative – dated April 3, 2017
  • Counsel Borden Ladner Gervais LLP
PDF · Subscribers
Notice of Change in Status of Foreign Representative – dated April 3, 2017PDF · Subscribers
Order (Discharge of Receiver and Distribution) – dated April 3, 2017
  • Counsel Borden Ladner Gervais LLP
PDF · Subscribers
First Report of the Receiver – dated March 14, 2017PDF · Subscribers
First Interim Report of Receiver – dated April 22, 2016
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2016-04-22 · Table missing:
PDF · Subscribers
Recognition Order – dated December 1, 2015PDF · Subscribers
Sale Approval – dated December 1, 2015PDF · Subscribers
Temporary Sealing Order – dated December 1, 2015PDF · Subscribers
Service List – dated November 13, 2015
  • Counsel Borden Ladner Gervais LLP
PDF · Subscribers
Filing of Receivership and Reporting Duties of Receiver – dated November 4, 2015PDF · Subscribers
Notice and Statement of the Receiver – dated October 30, 2015
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Exhibit A to scheduling Order – dated October 29, 2015PDF · Subscribers
Scheduling Order – dated October 29, 2015PDF · Subscribers
Joint Administration Order – dated October 27, 2015PDF · Subscribers
Provisional Order – dated October 27, 2015PDF · Subscribers
Sale Approval Motion – dated October 27, 2015PDF · Subscribers
Emergency Motion for Temporary restraining Order – dated October 26, 2015PDF · Subscribers
Joint Administration Motion – dated October 26, 2015PDF · Subscribers
Scheduling Motion – dated October 26, 2015PDF · Subscribers
Verified Petition – dated October 26, 2015
  • Appointee Richter Advisory Group Inc.
  • Appointee role receiver
  • Commencement date 23 October 2015
  • Statutory basis Section 243(1) of the Bankruptcy and Insolvency Act (Canada) and Section 101 of the Ontario's Courts of Justice Act
PDF · Subscribers
TDG, Inc. Petition (Thane Distribution Group) – dated October 25, 2015PDF · Subscribers
Thane Direct Canada Inc. Petition – dated October 25, 2015PDF · Subscribers
Thane Direct Company Petition – dated October 25, 2015PDF · Subscribers
Thane Direct Marketing Inc. Petition – dated October 25, 2015PDF · Subscribers
Thane Direct Petition – dated October 25, 2015PDF · Subscribers
Thane International Petition – dated October 25, 2015PDF · Subscribers
West Coast Direct Marketing Petition – dated October 25, 2015PDF · Subscribers
Application Record (Returnable October 23, 2015)
  • Applicant BANK OF MONTREAL
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Statutory basis section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and under section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
PDF · Subscribers
Approval, Vesting and Distribution Order – dated October 23, 2015
  • Presiding officer Justice Penny
PDF · Subscribers
Endorsement of Justice Penny – dated October 23, 2015
  • Presiding officer Justice Penny
PDF · Subscribers
Factum of the Applicant (Returnable October 23, 2015) – dated October 21, 2015
  • Counsel Gowling Lafleur Henderson LLP
PDF · Subscribers
Order appointing a Receiver – dated October 23, 2015
  • Applicant Bank of Montreal
  • Appointee Richter Advisory Group Inc.
  • Appointee role receiver
  • Commencement date 23 October 2015
  • + 5 more extracted facts
PDF · Subscribers
Supplementary Report to the Report of the Proposed Receiver – dated October 22, 2015PDF · Subscribers
Book of Authorities of the Applicant – dated October 21, 2015
  • Applicant BANK OF MONTREAL
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV15-11146-00CL
  • Statutory basis Section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and under Section 101 of the Courts of Justice Act, R.S.O. 1990, c. C-43
PDF · Subscribers
Report of the Proposed Receiver – dated October 19, 2015PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Thane Direct Company et al” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 21 September 2026, https://proceedings.ca/case/thane-direct-company-et-al

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Sources last checked · summary updated 3 September 2026 · Report a correction · Printed from proceedings.ca/case/thane-direct-company-et-al

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.