This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
All of the assets of the three bankrupt companies have been sold and the leased premises vacated. The secured creditor will incur a shortfall on its loans to each of the three bankrupt companies based on estimated net realization. As a result, it is anticipated that there will be no funds available for distribution to any unsecured creditors.
All customers who had made payments on account of ordered goods that were not on the premises at the date of the bankruptcies represent unsecured claims in the bankruptcies. Should these customers wish to file a claim against any of the three bankrupt companies, a blank proof of claim form can be found under the “Bankruptcy Documents” tab.
A proof of claim package and notice of the first meeting of creditors was sent to all known creditors of the Bedroom Depot on August 30, 2010. The first meeting of creditors will be held on September 9, 2010 at the Ciociaro Club, 2nd Floor Auditorium, 3745 North Talbot Road, Oldcastle, Ontario at the following times:
The Trustee will prepare and present it’s Report to the First Meeting of Creditors on Preliminary Administration for those creditors in attendance. A copy will be posted to the website after the meeting. All documents are posted on the page titled “Bankruptcy Documents”.
On August 26, 2010, the Bedroom Depot filed an Assignment and PricewaterhouseCoopers Inc. was appointed as trustee of the estate of the bankrupt by the Official Receiver, subject to the affirmation by the creditors of the trustee’s appointment or substitution of another trustee by the creditors. The creditors’ meetings will be held in early September 2010.
This Web site will be updated as information becomes available.
For more information, please contact: Donna Smith.