Receivership Proceedings of Victoria Holdings
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- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-21-00665375-00CL
OverviewSummary updated
Victoria Holdings was placed in receivership on 3 August 2021 by order of the Ontario Superior Court of Justice in court file CV-21-00665375-00CL, on the application of American General Life Insurance Company and National Union Fire Insurance Company of Pittsburgh, PA. KPMG Inc. was appointed receiver and manager under section 243 of the Bankruptcy and Insolvency Act.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates58 dated entries · 3 undated
55 earlier updates, back to 3 August 2021 — subscribers.
Undated filings3 — no date appears on the document · show
3 filings carry no date on their face — subscribers.
Parties
Debtor
Receivership Proceedings of Victoria Holdings
Receiver
KPMG
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Koehnen | Ontario Superior Court of Justice | 5 orders, Aug 2021 – Oct 2021 | 73 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, May 2023 | 146 cases on record |
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Mar 2023 | 179 cases on record |
| Justice Gilmore | Ontario Superior Court of Justice | 2 orders, Jul 2021 – May 2022 | 62 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKPMG | Blake, Cassels & Graydon LLP · Norton Rose Fulbright Canada LLP | 14 Sep 2021 | Factum · 21 May 2022 |
| Applicant | Blake, Cassels & Graydon LLP | 9 Jul 2021 | Application · 9 Jul 2021 |
| CreditorLage Landen Financial Services Canada Inc | Millerthomsonllp | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorLegal Owner, Victoria Avenue North Holdings Inc | Reconstruct LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorTanbros Investments Ltd | Norton Rose Fulbright Canada LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | American General Life Insurance Company, Lexington Insurance Company, and The Variable Annuity Life Insurance Company · in 2 casesGeneral security agreement charging all assets of the Debtors — Estimated amount based on Legal Owner's books and records; not directly confirmed with creditor; no legal opinion obtained on security validity — debtor: Victoria Avenue North Holdings Inc. · as of 3 Aug 2021 | $22.9M | Notice and Statement of the Receiver dated August 16, 2021 |
27 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report (Victoria Avenue) · 6 Jul 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Securedthe Applicants | American General Life Insurance Company and The National Union Fire Insurance Company of Pittsburgh, PA. | — | shortfall | Estimatedper the receiver | Trustee's Preliminary Report (Victoria Avenue) · 6 Jul 2023 |
| SecuredGE (senior secured) | GE Canada Real Estate Financing Business Property Company | — | shortfall | — | Book of Authorities of the Receiver dated October 11, 2022 (Norton Rose… · 11 Oct 2022 |
| Unsecured | any other creditors of the Debtor | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report (Victoria Avenue) · 6 Jul 2023 |
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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
61 filings
| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate dated July 22, 2026 | PDF · Subscribers | |
Service List as at February 9, 2024
| PDF · Subscribers | |
| Notice to Creditors (Victoria Avenue) | PDF · Subscribers | |
Trustee's Preliminary Report (Victoria Avenue) dated July 6, 2023
| PDF · Subscribers | |
| Receiver's Certificate dated June 15, 2023 (414 Victoria) | PDF · Subscribers | |
| Approval and Vesting Order dated May 30, 2023 | PDF · Subscribers | |
Discharge, Distribution and Ancillary Matters Order dated May 30, 2023
| PDF · Subscribers | |
Endorsement of Justice Osborne dated May 30, 2023
| PDF · Subscribers | |
Factum of the Receiver dated May 25, 2023 (Distribution)
| PDF · Subscribers | |
Factum of the Receiver dated May 25, 2023 (Sale Approval, etc.)
| PDF · Subscribers | |
| Motion Record of the Receiver dated May 18, 2023 | PDF · Subscribers | |
| Sixth Report of the Receiver dated May 18, 2023 | PDF · Subscribers | |
Distribution and Ancillary Matters Order dated March 2, 2023
| PDF · Subscribers | |
Endorsement of Justice Penny dated March 2, 2023
| PDF · Subscribers | |
Fifth Report of the Receiver dated February 23, 2023
| PDF · Subscribers | |
Motion Record of the Receiver dated February 23, 2023
| PDF · Subscribers | |
Lift Stay Order Endorsement dated February 8, 2023
| PDF · Subscribers | |
| Lift Stay Order dated February 8, 2023 | PDF · Subscribers | |
| Responding Motion Record of the Receiver dated January 24, 2023 | PDF · Subscribers | |
| Responding Report of the Receiver dated January 23, 2023 | PDF · Subscribers | |
| Receiver's Certificate dated December 6, 2022 (304 Victoria) | PDF · Subscribers | |
| Approval and Vesting Order dated October 14, 2022 (304 Victoria) | PDF · Subscribers | |
Distribution and Ancillary Matters Order dated October 14, 2022
| PDF · Subscribers | |
Book of Authorities of the Receiver dated October 11, 2022 (Norton Rose Fullbright Canada LLP)
| PDF · Subscribers | |
Factum of the Receiver dated October 11, 2022 (Blake, Cassels and Graydon LLP)
| PDF · Subscribers | |
Factum of the Receiver dated October 11, 2022 (Norton Rose Fullbright Canada LLP)
| PDF · Subscribers | |
| Fourth Report of the Receiver dated October 4, 2022 | PDF · Subscribers | |
| Motion Record of the Receiver dated October 4, 2022 | PDF · Subscribers | |
Endorsement of Justice McEwen dated September 15, 2022
| PDF · Subscribers | |
| Approval and Vesting Order dated May 24, 2022 (Victoria) | PDF · Subscribers | |
Distribution and Ancillary Matters Order dated May 24, 2022
| PDF · Subscribers | |
| Revisions to the Motion Record of the Receiver dated May 24, 2022 | PDF · Subscribers | |
Joint Factum of the Receivers dated May 21 2022 (Norton Rose Fulbright Canada LLP)
| PDF · Subscribers | |
Joint Factum of the Receivers dated May 21, 2022 (Blake, Cassels and Graydon LLP)
| PDF · Subscribers | |
| Supplement to the Third Report of the Receiver dated May 20, 2022 | PDF · Subscribers | |
Supplementary Motion Record of the Receiver dated May 20, 2022
| PDF · Subscribers | |
| Notice of May 18, 2022 Town Hall | PDF · Subscribers | |
| Motion Record of the Receiver dated May 13, 2022 | PDF · Subscribers | |
| Third Report of the Receiver dated May 13, 2022 | PDF · Subscribers | |
| Court Approved Sale Process Procedure dated October 29, 2021 | PDF · Subscribers | |
Order (Approval of Broker, Sale Process and Ancillary Matters) dated October 29, 2021
| PDF · Subscribers | |
Factum of the Receiver dated October 27, 2021
| PDF · Subscribers | |
| Motion Record of the Receiver dated October 22, 2021 | PDF · Subscribers | |
| Second Report of the Receiver dated October 22, 2021 | PDF · Subscribers | |
Endorsement of Justice Koehnen dated September 15, 2021
| PDF · Subscribers | |
Beneficial Owner Notification & Service Order dated September 14, 2021
| PDF · Subscribers | |
| First Report of the Receiver dated September 7, 2021 | PDF · Subscribers | |
| Motion Record of the Receiver dated September 7, 2021 | PDF · Subscribers | |
Notice and Statement of the Receiver dated August 16, 2021
| PDF · Subscribers | |
Endorsement of Justice Koehnen dated August 3, 2021
| PDF · Subscribers | |
| Factum of the Applicants dated August 3, 2021 | PDF · Subscribers | |
Receivership Appointment Order dated August 3, 2021
| PDF · Subscribers | |
| Pre-Filing Report of the Proposed Receiver dated July 26, 2021 | PDF · Subscribers | |
Substitued Service Order dated July 12, 2021
| PDF · Subscribers | |
| Application Record dated July 9, 2021 - Part 1 of 4 | PDF · Subscribers | |
| Application Record dated July 9, 2021 - Part 2 of 4 | PDF · Subscribers | |
| Application Record dated July 9, 2021 - Part 3 of 4 | PDF · Subscribers | |
Application Record dated July 9, 2021 - Part 4 of 4
| PDF · Subscribers | |
| Proof of Claim (Victoria Avenue) | PDF · Subscribers | |
| Proxy (Victoria Avenue) | PDF · Subscribers | |
| Schedule A | 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., “Receivership Proceedings of Victoria Holdings” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/victoria-holdings