Vicious Cycle Ltd.

Proceeding: NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
File: 24-2903784
Industry: Retail · Specialty retail

Filings held5

Last activity7 Feb 2023

On the record1,421 days

OverviewSummary updated 6 September 2026

Vicious Cycle Ltd. filed a Notice of Intention to make a proposal under the Bankruptcy and Insolvency Act on December 15, 2022, and was assigned into bankruptcy on January 23, 2023, at 13:48, with Grant Thornton Limited acting as Licensed Insolvency Trustee under section 49 of the Act. Its Form 33 list of creditors, filed as of the Notice of Intention, includes claims from Alberta Treasury Branches and from suppliers including Action Gear Cycle & Sports Ltd., owed $598,708.11, along with Business Development Bank of Canada, Specialized Bicycle Components Inc. and Santa Cruz Bicycles.

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Case updates5 dated entries

7 Feb 2023

#Filing

Tabled Documents dated February 7, 2023 — Statement of affairs

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24 Jan 2023

#Claims

Notice to Creditors dated January 24, 2023 — Notice to creditors

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23 Jan 2023

#Order

Certificate of Appointment dated January 23, 2023 was filed. Court file 24-2903784.

Source: Certificate of Appointment dated January 23, 2023

19 Dec 2022

#Claims

Notice to Creditors dated December 19, 2022.pdf — Notice to creditors

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15 Dec 2022

#Filing

Vicious Cycle Ltd. filed a Notice of Intention to make a proposal under the Bankruptcy and Insolvency Act on December 15, 2022.

Source: Certificate of Filing dated December 15, 2022.pdf

Parties

Debtor

Vicious Cycle Ltd.

Proposal trustee

Doane Grant Thornton

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

Priority class	Creditor	Amount	Source
Unsecured	Action Gear Cycle & Sports Ltd.as of NOI filing date — debtor: Vicious Cycle Ltd.	$599K	Notice to Creditors dated December 19, 2022.pdf
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

21 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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Estate financialsReported figures — never derived

Total assets at filing

Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents5 filings

Date	Document	File
7 Feb 2023	Tabled Documents dated February 7, 2023	PDF · Subscribers

24 Jan 2023	Notice to Creditors dated January 24, 2023 Financial position Subscribers	PDF · Subscribers

23 Jan 2023	Certificate of Appointment dated January 23, 2023 Appointee GRANT THORNTON LIMITED Appointee role Licensed Insolvency Trustee Commencement date 23 January 2023 Court file no 24-2903784 + 1 more extracted fact	PDF · Subscribers

19 Dec 2022	Notice to Creditors dated December 19, 2022.pdf Commencement date 15 December 2022 Court file no 24-2894756 Financial position · Secured creditors Subscribers + 2 more extracted facts	PDF · Subscribers

15 Dec 2022	Certificate of Filing dated December 15, 2022.pdf Appointee GRANT THORNTON LIMITED Appointee role Licensed Insolvency Trustee Commencement date 15 December 2022 Court file no 24-2894756 + 2 more extracted facts	PDF · Subscribers