Valiant Creative Agency Inc.
- Proceeding
- Proposalsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 32-2662366
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.
Undated filings1 — no date appears on the document · show
Debtor
Valiant Creative Agency Inc.
Proposal trustee
Rosen Goldberg
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (Trust Claim - unpaid source deductions) · in 985 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 |
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.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 | — | — | 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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Proposal
| PDF · Subscribers | |
Report to Creditors-NOI
| PDF · Subscribers | |
Trustee's report to creditors - Proposal
| 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., “Valiant Creative Agency Inc.” (Proposal). Retrieved 4 November 2026, https://proceedings.ca/case/valiant-creative-agency-inc