Vandal Doughnuts Inc.
- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 51-3409840
Vandal Doughnuts Inc., based in Nova Scotia, was subject to a privately appointed receiver, with notice given under section 245 of the Bankruptcy and Insolvency Act, effective August 6, 2026. On August 12, 2026, the company filed a Notice of Intention to Make a Proposal under section 50.4(1) of the Act, with Grant Thornton Limited named trustee. A creditor listing as at August 13, 2026, shows a secured claim of $500,447.84 to Bank of Montreal and unsecured claims including $2,090,148.75 to 100318 P.E.I. Inc. and $528,293.57 to the Canada Revenue Agency.
Form 34 -Report of Trustee on Non-Filing of Cash Flow Statement or Proposal — Cash-flow statement
Grant Thornton Limited was named trustee under the Notice of Intention.
Source: Certificate of Filing of a Notice of Intention to File a Proposal
A receiver was privately appointed over Vandal Doughnuts Inc.'s assets, with notice given under section 245 of the Bankruptcy and Insolvency Act, effective August 6, 2026.
Undated filings1 — no date appears on the document · show
Guide
Division 1 proposal: how it works for a business in Canada
When a Canadian business can't pay its debts, a Division 1 proposal lets it keep operating while it offers creditors a deal. How the notice of intention, the six-month clock, the vote and court approval work, what CRA must be paid, and what happens when it fails, drawn from the court record.
Outcome brief
Vandal Doughnuts: the shops were gone before the NOI
A Halifax company named for a doughnut business it had already closed filed a notice of intention on August 12; its proposal trustee told the court and creditors on September 8 that it could no longer pay post-filing expenses and had found no DIP lender, and on September 12 it was deemed bankrupt owing $4,224,755.26 — $755,664.23 of that to the CRA, and $532,435.93 of that a priority claim for unremitted source deductions.
Debtor
Vandal Doughnuts Inc.
Proposal trustee
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal · in 297 casesRegistered general security agreement over all present and after-acquired personal property, per PPRS search. Trustee has not reviewed BMO's security as registered. — Per the Trustee's Creditor Listing 'as at the date of this Preliminary Report'; no separate payout statement or demand is cited. Trustee notified BMO it will not take possession of the Company's personal property or take conservatory measures. Security opinion not obtained. — debtor: Vandal Doughnuts Inc. · as of 21 Sep 2026 | $468K | Preliminary Report of the Trustee dated September 21, 2026 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
13 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Preliminary Report of the Trustee dated September 21, 2026
| PDF · Subscribers | |
Form 68-Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Form 34 -Report of Trustee on Non-Filing of Cash Flow Statement or Proposal | PDF · Subscribers | |
| Form 35 - Certificate of Appointment | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to File a Proposal
| PDF · Subscribers | |
Creditor List as at August 12, 2026
| PDF · Subscribers | |
Form 33 - Notice of Intention to File a Proposal
| PDF · Subscribers | |
| Trustee Consent Form | PDF · Subscribers | |
| Form 31-36 Claim Form & Proxy | 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., “Vandal Doughnuts Inc.” (NOI), Supreme Court of Nova Scotia. Retrieved 4 November 2026, https://proceedings.ca/case/vandal-doughnuts-inc