March 26, 2020

Filing Type:

Company Counsel: Loopstra Nixon

Trustee: Dodick Landau

Trustee Counsel: Weisz Fell Kour



1348441 Ontario Inc. (o/a Solutions Your Organized Living Store), a Mississauga, Ontario-based company that operates a chain of specialty retail stores throughout Ontario selling home and office organizational and storage products, filed an NOI on March 26, listing approximately $13.5 million in liabilities, including approximately $6.0 million to BNS. Founded in 1999, the company was ranked on Profit Magazine's list of Top 100 or the Next 100 fastest growing companies in Canada every year from 2006 to 2010 and was selected as a regional finalist for Canada's 50 Best Managed Companies in 2009. More recently, however, the company has struggled with the digital disruption happening in the retail industry, increased local competition and the COVID-19 mandated store closures. While under creditor protection, the company intends on closing nine non-performing locations and maintaining three performing locations to be reopened when provincially mandated non-essential workplace closures are lifted. Dodick Landau is the proposal trustee. Counsel is Loopstra Nixon for the company and Weisz Fell Kour for the proposal trustee.