Quebec · NOI

How Fashions International Inc. – Notice to Creditors

Notice to creditors · 27 November 2020

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financial positionnote: Assignment in bankruptcy deemed made 2020-11-22; SOA sworn 2020-11-24; trustee Ernst & Young Inc. Deficiency (surplus NIL) $11,174,064.61. Liabilities breakdown: unsecured creditors per List A $2,494,750.33 + balance of secured claims per List B $8,679,314.28 = total unsecured $11,174,064.61; secured creditors per List B (estimated value of security) $296,626.35; preferred creditors (List C) $0.00; contingent/other (List D) $0.00. Assets breakdown: inventory estimated to produce $250,000.00 (original cost $653,271.56 per List H) + accounts receivable estimated to produce $46,626.35 (good $46,626.35, bad $419,637.19 per List E) = $296,626.35. NOTE: the List A unsecured-claim line items as printed sum to $2,494,550.33, about $200 less than the form's own stated List A total of $2,494,750.33 (an internal footing inconsistency in the source form); individual line items are transcribed verbatim and the form's stated totals are reported here unchanged. · page: 3 · as at: 2020-11-24 · basis: Statement of Affairs (Form 78, Business Bankruptcy under BIA s.49(2)/s.158(d)), as stated and estimated by the officer; sworn 2020-11-24 by Steven Shein · scope: How Fashions International Inc. (Les Modes How International Inc.), single entity · currency: CAD · total assets: 296626.35 · total liabilities: 11470690.96
unsecured creditorsnote: Westmount QC. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 2674.38 · debtor: How Fashions International Inc. · creditor: Christina Louiso Style Inc. · currency: CAD
unsecured creditorsnote: 843 S Los Angeles Street, Los Angeles CA USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated and estimated by the officer · amount: 31975.26 · debtor: How Fashions International Inc. · creditor: AC collective · currency: CAD
unsecured creditorsnote: Canada Revenue Agency; deemed trust class. Stated as nominal $1.00 placeholder in List A (actual amount not quantified by officer). 4695 boul. de Shawinigan-Sud, Shawinigan QC. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: How Fashions International Inc. · creditor: Agence du Revenu du Canada · currency: CAD
unsecured creditorsnote: Phoenix AZ USA. Amount stated in the $ CA column of the form. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 108949.43 · debtor: How Fashions International Inc. · creditor: American express USA · currency: CAD
unsecured creditorsnote: 5375 rue Pare suite 140, Montreal QC. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 753.82 · debtor: How Fashions International Inc. · creditor: Arrival air and sea · currency: CAD
unsecured creditorsnote: This is the unsecured shortfall of BDC's secured claim; the full $485,360.00 claim (security value $0.00) is recorded in secured_creditors. Do not double-count. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - balance (unsecured shortfall) of secured claim per List B · amount: 485360 · debtor: How Fashions International Inc. · creditor: BDC (Business Development Bank of Canada) · currency: CAD
unsecured creditorsnote: Greensboro NC USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 43709.73 · debtor: How Fashions International Inc. · creditor: Centric Brands · currency: CAD
unsecured creditorsnote: Stated as nominal $1.00 placeholder in List A. Canada Branch, Princeton NJ USA. (Trade-credit insurer.) · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: How Fashions International Inc. · creditor: Coface North America, Inc. · currency: CAD
unsecured creditorsnote: 3333 boul Cavendish suite 160, Montreal QC. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 538.74 · debtor: How Fashions International Inc. · creditor: Courriercom · currency: CAD
unsecured creditorsnote: Costa Mesa CA USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 12969.98 · debtor: How Fashions International Inc. · creditor: Designs by Nikki · currency: CAD
unsecured creditorsnote: 150 Slater, Ottawa ON. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 24604.33 · debtor: How Fashions International Inc. · creditor: EDC (Export Development Canada) · currency: CAD
unsecured creditorsnote: 8355 Bougainville, Montreal QC. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 150 · debtor: How Fashions International Inc. · creditor: EDI gateway · currency: CAD
unsecured creditorsnote: DBA One Grey Day, 719 S. Los Angeles Street Suite 1218, Los Angeles CA USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 54779.12 · debtor: How Fashions International Inc. · creditor: Eleven Eleven Fashion Group LLC · currency: CAD
unsecured creditorsnote: Unsecured portion of employee claims (List A). A separate secured employee claim of $24,404.63 appears in List B (see secured_creditors). List C preferred creditors is nil in this SOA. 6595 St. Urbain Street, Montreal QC. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 130824.65 · debtor: How Fashions International Inc. · creditor: Employees · currency: CAD
unsecured creditorsnote: PO Box 4626 Toronto STN A, Toronto ON. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 50145.78 · debtor: How Fashions International Inc. · creditor: Federal Express Canada Corporation · currency: CAD
unsecured creditorsnote: 2140 E 7th Place A1N, Los Angeles CA USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 118307.7 · debtor: How Fashions International Inc. · creditor: FOR LOVE AND LEMONS · currency: CAD
unsecured creditorsnote: This is the unsecured shortfall of HSBC's secured claim; the full $6,316,176.00 claim (secured to $272,221.72) is recorded in secured_creditors. Do not double-count. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - balance (unsecured shortfall) of secured claim per List B · amount: 6043954.28 · debtor: How Fashions International Inc. · creditor: HSBC · currency: CAD
unsecured creditorsnote: This is the unsecured shortfall of IQ's secured claim; the full $2,150,000.00 claim (security value $0.00) is recorded in secured_creditors. Do not double-count. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - balance (unsecured shortfall) of secured claim per List B · amount: 2150000 · debtor: How Fashions International Inc. · creditor: IQ (Investissement Quebec) · currency: CAD
unsecured creditorsnote: DBA Cinq a sept, 5175 South Soto Street, Vernon CA USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 75589.32 · debtor: How Fashions International Inc. · creditor: Jaya Apparel Group LLC · currency: CAD
unsecured creditorsnote: 52-16 Barnett Avenue, Long Island City NY USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 22155.44 · debtor: How Fashions International Inc. · creditor: Jocelyn · currency: CAD
unsecured creditorsnote: DBA Koral Los Angeles, 5124 Pacific Blvd, Vernon CA USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 60483.15 · debtor: How Fashions International Inc. · creditor: Koral, LLC · currency: CAD
unsecured creditorsnote: Studio City CA USA. · page: 4 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 250 · debtor: How Fashions International Inc. · creditor: Little Moon Society · currency: CAD
unsecured creditorsnote: 28013 Network Place, Chicago IL USA. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 43898.15 · debtor: How Fashions International Inc. · creditor: UPS Supply Chain Solutions Inc · currency: CAD
unsecured creditorsnote: 10990 ROE Ave, Overland Park KS USA. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 6478.44 · debtor: How Fashions International Inc. · creditor: YRC freight · currency: CAD
unsecured creditorsnote: 1651 Compton Ave, Los Angeles CA USA. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 190468.6 · debtor: How Fashions International Inc. · creditor: The right move · currency: CAD
unsecured creditorsnote: 16711 route Transcanadienne, Kirkland QC. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 15522.83 · debtor: How Fashions International Inc. · creditor: Traffic tech · currency: CAD
unsecured creditorsnote: PO Box 4900 Station A, Toronto ON. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 2104.51 · debtor: How Fashions International Inc. · creditor: UPS Canada · currency: CAD
unsecured creditorsnote: 10135-100 street, Edmonton AB. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 4376.76 · debtor: How Fashions International Inc. · creditor: Westin Hotels and Resorts · currency: CAD
unsecured creditorsnote: Culver City CA USA. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 20232.08 · debtor: How Fashions International Inc. · creditor: LNA Clothing · currency: CAD
unsecured creditorsnote: PO Box 187 stn Waterloo, Waterloo ON. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 15079.88 · debtor: How Fashions International Inc. · creditor: Manulife · currency: CAD
unsecured creditorsnote: Revenu Quebec; deemed trust class. Stated as nominal $1.00 placeholder in List A (actual amount not quantified by officer). 1600 boul. Rene-Levesque Ouest, Montreal QC. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: How Fashions International Inc. · creditor: Ministere du Revenu du Quebec · currency: CAD
unsecured creditorsnote: 5500 ave Royalmount suite 250, Montreal QC. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 40080.31 · debtor: How Fashions International Inc. · creditor: Momentis · currency: CAD
unsecured creditorsnote: 8 Powells Road, Brookvale NSW Australia. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 716436.87 · debtor: How Fashions International Inc. · creditor: One Teaspoon · currency: CAD
unsecured creditorsnote: 275 Frank Tompa Drive, Waterloo ON. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 1382.21 · debtor: How Fashions International Inc. · creditor: Open text corp · currency: CAD
unsecured creditorsnote: 60-66 Hanover Street, Fitzroy VIC Australia. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 20737.08 · debtor: How Fashions International Inc. · creditor: Popping Canada Ltd. · currency: CAD
unsecured creditorsnote: 7500 ch de la Cote de Liesse, Montreal QC. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 4448.29 · debtor: How Fashions International Inc. · creditor: Rebox packaging · currency: CAD
unsecured creditorsnote: Receiver General / CBSA accounts receivable (customs duties); quasi-governmental. 333 North River Road, Place Vanier, Ottawa ON. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 388286 · debtor: How Fashions International Inc. · creditor: Receiver General · currency: CAD
unsecured creditorsnote: 5101 Orbitor Drive, Mississauga ON. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 436.56 · debtor: How Fashions International Inc. · creditor: Remco · currency: CAD
unsecured creditorsnote: West Hollywood CA USA. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 32485.43 · debtor: How Fashions International Inc. · creditor: Shop PR · currency: CAD
unsecured creditorsnote: Individual / related party: address 6595 Saint Urbain (debtor premises); Steven Shein is the officer who swore the Statement of Affairs. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 220000 · debtor: How Fashions International Inc. · creditor: Steve Shein · currency: CAD
unsecured creditorsnote: 265 Canal Street, New York NY USA. · page: 5 · as of: 2020-11-24 · basis: Statement of Affairs (Form 78), List A - Unsecured Creditors, as stated by the officer · amount: 33232.5 · debtor: How Fashions International Inc. · creditor: Suiteshop · currency: CAD
secured creditorsnote: List B secured creditor. Amount of claim $6,316,176.00; secured to $272,221.72; unsecured shortfall (balance of claim) $6,043,954.28 carried into List A (see matching unsecured entry) - do not double-count. 2001 McGill College #160, Montreal QC. · page: 6 · as of: 2020-11-24 · amount: 6316176 · debtor: How Fashions International Inc. · creditor: HSBC · currency: CAD · security: Business Assets - Stock In Trade - Inventory (estimated value $250,000.00); Debts Due - Business - Accounts Receivable (estimated value $22,221.72). Security given 2020-10-02. Estimated value of security $272,221.72 total.
secured creditorsnote: List B secured creditor. Amount of claim $2,150,000.00; estimated realizable value of security $0.00, so the entire $2,150,000.00 unsecured shortfall (balance of claim) is also carried into List A (see matching unsecured entry) - do not double-count. 413 rue St-Jacques, bureau 500, Montreal QC. · page: 6 · as of: 2020-11-24 · amount: 2150000 · debtor: How Fashions International Inc. · creditor: IQ (Investissement Quebec) · currency: CAD · security: Business Assets - Stock In Trade - Inventory; Debts Due - Business - Accounts Receivable. Security given 2020-10-04. Estimated value of security $0.00.
secured creditorsnote: List B secured creditor (employee claim charged against A/R). A separate unsecured employee claim of $130,824.65 appears in List A (see matching unsecured entry). Address 6595 St. Urbain Street (debtor premises). · page: 6 · as of: 2020-11-24 · amount: 24404.63 · debtor: How Fashions International Inc. · creditor: Employees · currency: CAD · security: Debts Due - Business - Accounts Receivable. Security given 2020-10-01. Estimated value of security $24,404.63 (claim fully covered; balance of claim nil).
secured creditorsnote: List B secured creditor. Amount of claim $485,360.00; estimated realizable value of security $0.00, so the entire $485,360.00 unsecured shortfall (balance of claim) is also carried into List A (see matching unsecured entry) - do not double-count. 5 Place Ville Marie, Montreal QC. · page: 6 · as of: 2020-11-24 · amount: 485360 · debtor: How Fashions International Inc. · creditor: BDC (Business Development Bank of Canada) · currency: CAD · security: Business Assets - Stock In Trade - Inventory; Debts Due - Business - Accounts Receivable. Security given 2020-10-03. Estimated value of security $0.00.