Engagement Status Updates Mosaic Maker Works Inc. (sometimes operating as Hold Emporium) (the “Bankrupt“) filed an assignment in bankruptcy on October 14, 2025, and Baigel Corp., Licensed Insolvency Trustee, was appointed as trustee of the estate of the Bankrupt (the “Trustee“). The first meeting of the creditors of the Bankrupt will be held by Zoom… continue reading
Category: Articles
Healthology International Inc.
Engagement Status Updates Healthology International Inc. (the “Bankrupt“) filed an assignment in bankruptcy on May 19, 2025, and Baigel Corp., Licensed Insolvency Trustee, was appointed as trustee of the estate of the Bankrupt (the “Trustee“). The first meeting of the creditors of the Bankrupt was held by videoconference on June 5, 2025, at 10:00 A.M…. continue reading
11509888 Canada Inc. (formerly known as Galactic Propeller Holdings Ltd.)
Engagement Status Updates On April 28, 2025 (the “NOI Filing Date“), Galactic Propeller Holdings Ltd. (“Galactic“) filed a Notice of Intention to Make a Proposal (“NOI“) under subsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) and Baigel Corp. (“Baigel“), a Licensed Insolvency Trustee, consented to act as trustee under the proposal proceedings (the “Proposal Trustee“). The Estate… continue reading
12984733 Canada Inc. (formerly known as Jumbleberry Interactive Group Ltd.)
Engagement Status Updates On April 28, 2025 (the “NOI Filing Date“), Jumbleberry Interactive Group Ltd. (“Jumbleberry“) filed a Notice of Intention to Make a Proposal (“NOI“) under subsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) and Baigel Corp., Licensed Insolvency Trustee, consented to act as trustee under the proposal proceedings (the “Proposal Trustee“). The Estate Number for… continue reading
2727906 Ontario Inc. (formerly known as Canaquip Inc.)
Engagement Status Updates On March 7, 2025 (the “NOI Filing Date“), Canaquip Inc. (“Canaquip“) filed an Notice of Intention to Make a Proposal (“NOI“) under subsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) and Baigel Corp. (“Baigel“), Licensed Insolvency Trustee, consented to act as trustee under the proposal proceedings (the “Trustee“). The Estate Number for the proposal… continue reading
2349200 Ontario Inc. (formerly known as Omni Equipment Group Inc.)
Engagement Status Updates On February 26, 2025 (the “NOI Filing Date“), Omni Equipment Group Inc. (“Omni“) filed a Notice of Intention to Make a Proposal (“NOI“) under subsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) and Baigel Corp. (“Baigel“), Licensed Insolvency Trustee, consented to act as trustee under the proposal proceedings (the “Trustee“). The Estate Number for… continue reading
Clearfit Inc.
Receivership On 3 June 2024, the Ontario Superior Court of Justice (Commercial List) (the “Court“) issued an order (the “Receivership Order“) providing for, among other things, the appointment of Baigel as receiver (in such capacity, the “Receiver“) of all the assets, properties, and undertakings (the “Property“) of Clearfit Inc. (“Clearfit“) operating as Career Spark, pursuant… continue reading
Pre-Construction Real Estate Deal Blow-Ups
Market Segment Review A Condo Purchaser’s Nightmare: When Is a Proposal to Creditors a Possible Solution? By: Paul J. Franchi LL.B, MBA, CIRP, LIT and Jeremy Kroll, CPA, CA CIRP, LIT, Baigel Corp. What, at the time of the commitment, seemed like a no-lose investment or home purchase, with a sale agreement signed (hereinafter “APS”… continue reading
Market Segment Review
FURNITURE RETAILERS AND DECLINING ONTARIO HOME SALES By: Paul J. Franchi LL.B, MBA, CIRP, LIT Baigel Corp. My November 2022 presentation on Insolvency in Scarborough, Ontario connected me with hundreds of local professionals engaged in the Furniture Distribution industry and dozens of furniture retailers. Within months, I found myself knee-deep in my first furniture retailer… continue reading
RocketFin Consulting Inc.
Engagement Status RocketFin Consulting Inc. filed an assignment in bankruptcy on November 10, 2023, and Baigel Corp., Licensed Insolvency Trustee, was appointed as trustee of the estate of the bankrupt by the Official Receiver. The first meeting of creditors will be held by videoconference on November 30, 2023, at 11:00 a.m. (Eastern time) and is… continue reading