Ontario · Receivership (court-appointed)

Application Record dated July 3, 2025

Application / notice of application · 3 July 2025

Subscribe to read the filing⁠

✨ Summarize · Subscribers

A plain-language read of this filing opens with a subscription.

What we verified from this filing79 verified

courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
court file noCV-25-00746557-00CL
commencement date30 June 2025
secured creditorsnote: Related party: 532981 Ontario Limited is stated to be the 100% owner of the Debtor (per affidavit para 14(c)). No balance amount stated in the pages reviewed. · page: 22 · as of: 2025-05-27 · debtor: Curry's Art Store Limited operating as Curry's Artists Materials and Curry's Artists' Materials · creditor: 532981 Ontario Limited · currency: CAD · security: Third-in-time PPSA registration against the Debtor per certified PPSA search results current to May 27, 2025; collateral classification not further specified on the pages reviewed.
secured creditorsnote: Sworn Furfaro Affidavit (July 3, 2025) states as of June 26, 2025 TD is owed: Operating Loan (BCRS) 9522017-06/1275: principal $630,000.00 CAD + interest $9,031.62 CAD = $639,031.62 CAD; and Loan 7331494/1275 (USD): $216.86 USD total (separate USD facility, not summed with the CAD figure per reporting rules). Earlier dated balances also appear in the record: (i) Notice of Intention to Enforce Security (BIA s.244) dated April 16, 2025 states 'the total amount of indebtedness secured by the security is $640,698.50 as of today's date'; (ii) demand letter from Lee, Bowden, Nightingale LLP dated April 16, 2025 itemizes Operating Loan balance $622,031.94 + legal costs $2,500.00 = total $624,531.94 (as at April 16, 2025, per diem $122.30), Operating Loan US $65.56 USD, and Letter of Credit $16,101.00 (as at April 16, 2025); (iii) the Notice of Application (prose) states the indebtedness 'exceeds $640,000.00' (the 'Demanded Indebtedness'). Debtor has been managed within TD's Financial Restructuring Group since 2020; Notice of Default issued June 20, 2023 for borrowing-base and reporting covenant breaches. · page: 34 · as of: 2025-06-26 · amount: 639031.62 · debtor: Curry's Art Store Limited operating as Curry's Artists Materials and Curry's Artists' Materials · creditor: The Toronto-Dominion Bank · currency: CAD · security: General Security Agreement (GSA) - affidavit (para 13) states dated May 6, 2003; the Application Record Index/Exhibit D cover instead lists the GSA as dated May 6, 2023 (discrepancy on the face of the record). Registered under the Ontario PPSA; TD holds first-in-time PPSA registration (all collateral classifications other than consumer goods) and second-in-time PPSA registration (accounts and other). TD is stated to be the first-ranking registered secured creditor under the PPSA over the Property. Underlying Credit Agreement dated September 16, 2016, as amended April 29, 2021 and July 2, 2021, established a revolving Demand Operating Facility; governing Credit Limit (a facility ceiling, not a balance) since July 23, 2021 is the lesser of CDN $750,000 (Nov 1-Jun 30) / CDN $1,000,000 (Jul 1-Oct 31) (or US$ equivalent), and a borrowing-base formula (75% of receivables + 33% of inventory, inventory component capped at CDN $500,000/$750,000 during bulge period).
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3156.79 · debtor: Curry's Art Store Limited · creditor: Armadilo Art & Craft · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3812.19 · debtor: Curry's Art Store Limited · creditor: ArtResin Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 84660.96 · debtor: Curry's Art Store Limited · creditor: Bell Canada · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 30618.05 · debtor: Curry's Art Store Limited · creditor: Benefits Trust · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 5604.45 · debtor: Curry's Art Store Limited · creditor: Bombing Science · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 30435.82 · debtor: Curry's Art Store Limited · creditor: Canada Post Corporation · currency: CAD
unsecured creditorsnote: Quasi-governmental claim; CRA indebtedness may include deemed-trust class amounts (e.g., source deductions/GST) though document does not itemize by type. · page: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 90851.45 · debtor: Curry's Art Store Limited · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 13854.22 · debtor: Curry's Art Store Limited · creditor: Centrilogic Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 818.27 · debtor: Curry's Art Store Limited · creditor: CH Powell Company · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 13326.28 · debtor: Curry's Art Store Limited · creditor: Chartpak, Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 369.15 · debtor: Curry's Art Store Limited · creditor: Cintas Canada Limited · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 870.97 · debtor: Curry's Art Store Limited · creditor: Clear Image, Inc · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 163556.21 · debtor: Curry's Art Store Limited · creditor: colart Americas, Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 21183.89 · debtor: Curry's Art Store Limited · creditor: Creative Mark International LLC. · currency: CAD
unsecured creditorsnote: Negative balance (credit) as reported. · page: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: -92.36 · debtor: Curry's Art Store Limited · creditor: Daylight Company, LLC · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 33666.83 · debtor: Curry's Art Store Limited · creditor: Demco EnCouleurs inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 2491.65 · debtor: Curry's Art Store Limited · creditor: Descartes Systems Group Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 4144.42 · debtor: Curry's Art Store Limited · creditor: diff / Ben Crudo Consulting Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 658.08 · debtor: Curry's Art Store Limited · creditor: DIXINC · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 58523.01 · debtor: Curry's Art Store Limited · creditor: Dixon Ticonderoga Company · currency: CAD
unsecured creditorsnote: Listed by document as a payable line item named 'Duties' (nature not further specified, possibly customs duties). · page: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 67329.18 · debtor: Curry's Art Store Limited · creditor: Duties · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 7428.14 · debtor: Curry's Art Store Limited · creditor: Educational Art & Craft Supplies Limited · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 4235.98 · debtor: Curry's Art Store Limited · creditor: Enbridge · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 2039.54 · debtor: Curry's Art Store Limited · creditor: Enova Power Corp. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 4568.4 · debtor: Curry's Art Store Limited · creditor: FM Brush Company, Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 2100.92 · debtor: Curry's Art Store Limited · creditor: Gamblin Artists Colors · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 5637.66 · debtor: Curry's Art Store Limited · creditor: General Pencil Co., Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3955 · debtor: Curry's Art Store Limited · creditor: Givex Canada Corp · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 88368.43 · debtor: Curry's Art Store Limited · creditor: Golden Artist Colors, Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 900.24 · debtor: Curry's Art Store Limited · creditor: ICE · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 63527.52 · debtor: Curry's Art Store Limited · creditor: INCC Corp. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 10900.87 · debtor: Curry's Art Store Limited · creditor: Indeutsch Industries LTD · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3408.12 · debtor: Curry's Art Store Limited · creditor: ITOYA of Canada · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 1205.43 · debtor: Curry's Art Store Limited · creditor: Jack Richeson & Co. Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 416.59 · debtor: Curry's Art Store Limited · creditor: Keypak · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 11300 · debtor: Curry's Art Store Limited · creditor: KT Partners LLP · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3752.44 · debtor: Curry's Art Store Limited · creditor: Legion Paper Corp. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 1782.57 · debtor: Curry's Art Store Limited · creditor: Link Product Solutions LTD · currency: CAD
unsecured creditorsnote: Individual name listed as a payable line item; capacity not stated. · page: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 5265 · debtor: Curry's Art Store Limited · creditor: Lloyd Sioson · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 50250.19 · debtor: Curry's Art Store Limited · creditor: Macphersons · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 1408.56 · debtor: Curry's Art Store Limited · creditor: Marabu North America LP · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 17402.77 · debtor: Curry's Art Store Limited · creditor: Merging Streams Logistics · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 989.32 · debtor: Curry's Art Store Limited · creditor: Miller Waste Systems Inc · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 4034.26 · debtor: Curry's Art Store Limited · creditor: City Clean · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited, debtor-prepared, provided via email) · amount: 2790.04 · debtor: Curry's Art Store Limited · creditor: Alectra Utilities · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 993.23 · debtor: Curry's Art Store Limited · creditor: American Tombow, Inc. · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 1053.65 · debtor: Curry's Art Store Limited · creditor: Apex Motor Express · currency: CAD
unsecured creditorspage: 141 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 27029.35 · debtor: Curry's Art Store Limited · creditor: Apollon Gotrick Inc. · currency: CAD
unsecured creditorsnote: Landlord of the Hamilton Store; a Notice of Distress dated December 9, 2024 (referred to elsewhere in the record as 'Mount View Investments Ltd.') records this landlord seizing goods and chattels at the Hamilton Store for non-payment of rent. This A/P Aging figure (Current bucket) is a later, separate reported balance. · page: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 14667.74 · debtor: Curry's Art Store Limited · creditor: Mountain View Investments LTD · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3693.44 · debtor: Curry's Art Store Limited · creditor: Neilsen Bainbridge · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 1328.31 · debtor: Curry's Art Store Limited · creditor: Pacific Arc, Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3051 · debtor: Curry's Art Store Limited · creditor: Paystone Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 10069.45 · debtor: Curry's Art Store Limited · creditor: Prestige Impex Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 4382.9 · debtor: Curry's Art Store Limited · creditor: Pro Tapes & Specialties, Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 51218.06 · debtor: Curry's Art Store Limited · creditor: Purolator Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3365.65 · debtor: Curry's Art Store Limited · creditor: Royal Brush Mfg Inc · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 20068.36 · debtor: Curry's Art Store Limited · creditor: Royal Talens North America Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 2073.66 · debtor: Curry's Art Store Limited · creditor: SAKCOL · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 124.6 · debtor: Curry's Art Store Limited · creditor: Sandpiper Energy Solutions · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 1598.12 · debtor: Curry's Art Store Limited · creditor: Silver Lead Company · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 12648.07 · debtor: Curry's Art Store Limited · creditor: Speedball Art Products Co · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 9667.74 · debtor: Curry's Art Store Limited · creditor: Staedtler-Mars LTD · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 99.44 · debtor: Curry's Art Store Limited · creditor: Stericycle ULC · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3021.06 · debtor: Curry's Art Store Limited · creditor: Sunset Mouldings · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 27236.79 · debtor: Curry's Art Store Limited · creditor: Tecsys Inc · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 45.72 · debtor: Curry's Art Store Limited · creditor: TForce Freight · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 32374.6 · debtor: Curry's Art Store Limited · creditor: Tri Art mfg · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 9215.85 · debtor: Curry's Art Store Limited · creditor: Tyco Integrated Fire and Security Canada, Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 561.23 · debtor: Curry's Art Store Limited · creditor: Uchida of America, Corp. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3107.75 · debtor: Curry's Art Store Limited · creditor: Uline Canada Corporation · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 12863.8 · debtor: Curry's Art Store Limited · creditor: Virtual Logistics Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 5311.04 · debtor: Curry's Art Store Limited · creditor: Voxter Communications Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 3361.72 · debtor: Curry's Art Store Limited · creditor: Waste Connections of Canada Inc. · currency: CAD
unsecured creditorspage: 142 · as of: 2025-05-31 · basis: A/P Aging Summary as of May 31, 2025 (unaudited) · amount: 851.91 · debtor: Curry's Art Store Limited · creditor: Z Bin Rentals Inc · currency: CAD