#Report
Valiant Creative Agency Inc. commenced a Division I proposal under Part III of the Bankruptcy and Insolvency Act, placing the estate under Rosen Goldberg Inc. as proposal trustee.
Valiant Creative Agency Inc.
FollowActive
- Proceeding
- Proposalsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 32-2662366
Filings held3
Last activity31 Aug 2020
On the record2,243 days
OverviewSummary updated
Valiant Creative Agency Inc. commenced a Division I proposal under Part III of the Bankruptcy and Insolvency Act on August 31, 2020, with Rosen Goldberg Inc. as proposal trustee, and the Ontario proceeding remains active. The sworn statement of affairs as at July 31, 2020 reported a deficiency of $1,168,886, with secured and preferred creditors both nil. Realizable values were put at $34,300 for accounts receivable carried at $52,757 in the books, $3,840 for inventory and $3,500 for office furniture and equipment. Unsecured claims were reported at $718,526, alongside a $17,071 Canada Revenue Agency trust claim for unpaid source deductions and a contingent claim of $475,000 on Valiant's guarantee of loans to its parent, Faduchi Group Inc., arising from the December 2019 share acquisition.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
Parties
Debtor
Valiant Creative Agency Inc.
Proposal trustee
Rosen Goldberg
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 7 | Preferred (BIA s. 136) | Preferred creditors (aggregate as reported) · in 44 casesPreferred (NIL per Statement of Affairs); preferred creditors rank ahead of ordinary unsecured claims per Proposal terms. — debtor: Valiant Creative Agency Inc. · as of 31 Jul 2020 | $0 | Trustee's report to creditors - Proposal |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDocument names no individual creditors. Estimated distribution basis restates figure as $718,455 (excluding contingent claims) at page 7. CRA trust claim of $17,071 and contingent guarantee claim of $475,000 reported separately. — debtor: Valiant Creative Agency Inc. · as of 31 Jul 2020 | $719K | Trustee's report to creditors - Proposal |
| 8 | Unsecured | Contingent claimant(s) re: guarantee of Faduchi Group Inc. loansContingent claim representing Valiant's guarantee of loans to Faduchi Group Inc. (its parent/holding company, a related party) relating to the December 2019 share acquisition. — debtor: Valiant Creative Agency Inc. · as of 31 Jul 2020 | $475K | Trustee's report to creditors - Proposal |
| 8 | Unsecured | Canada Revenue Agency (Trust Claim - unpaid source deductions) · in 926 casesDeemed trust claim relating to unpaid employee source deductions owing to CRA. — debtor: Valiant Creative Agency Inc. · as of 31 Jul 2020 | $17.1K | Trustee's report to creditors - Proposal |
RecoveriesAs stated in the filings
Unsecured creditors: 27 %.EstimatedTrustee's report to creditors - Proposal
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | no distribution | Estimatedper the proposal trustee | Trustee's report to creditors - Proposal |
| Unsecured | — | — | 27 % | Estimatedper the proposal trustee | Trustee's report to creditors - Proposal |
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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Proposal
| ||
Report to Creditors-NOI
| ||
Trustee's report to creditors - Proposal
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Valiant Creative Agency Inc.” (Proposal). Retrieved 20 September 2026, https://proceedings.ca/case/valiant-creative-agency-inc