April 25th, 2019 the Ontario Superior Court of Justice (Commercial List) issued
an Order (the "Appointment Order") pursuant to section 243(1) of
the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the
"BIA") and section 101 of the Courts of Justice Act, R.S.O.
1990, c. C.43, as amended, appointing Deloitte Restructuring Inc. as receiver
(in such capacities, the "Receiver") without security, of all of the
assets, undertakings and properties of Best Made Toys International, ULC
including its affiliates Best Made Toys LLC, Best Made Toys Global Enterprises
Limited, Best Made Toys Holding LLC (together, the "Debtors"),
acquired for, or used in relation to a business carried on by the Debtors.
On December 21, 2022, the Receiver filed a Discharge Certificate with respect to the receivership. The Discharge Certificate was registered with the Court on January 4, 2023.
Bankruptcy – Best Made Toys
The April 25, 2019 Order appointing the Receiver
permitted the Receiver to make an assignment in bankruptcy on behalf of any or
all of the Debtors. The Receiver filed an assignment in bankruptcy for Best
Made Toys International, ULC and the Office of the Superintendent of Bankruptcy
issued a Certificate of Appointment of Deloitte Restructuring Inc. as trustee
in bankruptcy of Best Made Toys International, ULC on December 20, 2019.
If you have any questions
regarding this matter, please contact Deloitte Restructuring Inc. at the
Bay Adelaide East
8 Adelaide Street West, Suite 200Toronto, ON M5H 0A9
Jan 4, 2023