Virgin Law Corporation filed a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act on October 31, 2024, commencing proceedings in the Supreme Court of British Columbia in Bankruptcy and Insolvency under court file number 11-3149022. The proceeding remains active. The record to date consists of the commencement filing and a court officer's report of the same date confirming that Virgin Law had filed the notice of intention. No further steps have been recorded.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Third Report. The bankrupt law firm has ceased independent operations; the Trustee is collecting outstanding accounts receivable and work in process through collection service agreements with former lawyers, and is completing a sale of remaining physical/intangible assets to Magellan Lawyers LLP to allow continued operations without disruption, while a receivership by RBC is anticipated.
Source: Trustees Third Report to Court
The officer filed report no. Trustee's Preliminary Report to Creditors. The Company, a Vancouver law firm, filed an NOI in October 2024 but did not file a proposal and was deemed bankrupt on February 14, 2025; it disclaimed its Vancouver lease and liquidated furniture and equipment, and the Trustee is evaluating recovery of receivables and work in process with the Law Society.
The officer filed report no. Second Report. The company continues to operate in a reduced capacity after significant staff and cost reductions, focusing on converting work in process to accounts receivable and collecting it while reviewing its 1,000+ client files and negotiating with RBC and the Fruitmans. Court file B240538.
Source: Trustee's Second Report to Court
Certificate of Filing of a Notice of Intention to make a Proposal — NOI certificate of filing
Debtor
Virgin Law Corporation
Proposal trustee
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Blake | Supreme Court of British Columbia | 1 order, Nov 2024 | 5 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantVirgin Law Corporation | Cassels Brock & Blackwell LLP | 29 Nov 2024 | Order · 29 Nov 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 584 casesas of NOI filing date — General Security Agreement (GSA) - general security interest in all Company assets; registered in BC PPR September 2022; leased equipment interests registered January 2024 — Described as senior secured creditor; amount is an estimate 'at the date of the NOI'. Post-filing, outstanding balance reduced by approximately $1,000,000 through net AR collections (per report, not a new dated balance). — debtor: Virgin Law Corporation | $3.1M | Trustee's First Report to Court |
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured |
3 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedTrustees Third Report to Court · 27 May 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustees Third Report to Court · 27 May 2025 |
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.
As at ·
Cumulative receipts
$1.5M
As at 9 Jan 2025Trustee's Second Report to Court
Cash on hand
As at
1 more reported figure, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustees Third Report to Court
| PDF · Subscribers | |
Minutes and Attendance List Amended
| PDF · Subscribers | |
Trustee's Preliminary Report to Creditors
| PDF · Subscribers | |
Creditor's package
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
| Form 34 | PDF · Subscribers | |
Trustee's Second Report to Court
| PDF · Subscribers | |
| Letter to Employees | PDF · Subscribers | |
Order Made After Application re Extension
| PDF · Subscribers | |
Trustee's First Report to Court
| PDF · Subscribers | |
| Certificate of Filing of a Notice of Intention to make a Proposal | PDF · Subscribers | |
| Notice of Intention to File a 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., “Virgin Law Corporation” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/virgin-law-corporation
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/virgin-law-corporation
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.