Proceedings.

1033803 Ontario Inc. o/a Forma-Con Construction an et al.

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Proceeding
Bankruptcysection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended; and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
Court
Ontario Superior Court of Justice
File
CV-20-00636754-00CL
Industry
Construction
Filings held22
Last activity4 Jul 2023
On the record2,449 days
Secured debtSubscribers
OverviewSummary updated

1033803 Ontario Inc. o/a Forma-Con Construction et al. are bankrupt, with KSV Kofman Inc. as trustee in bankruptcy, in proceedings before the Ontario Superior Court of Justice at Toronto commenced on 21 February 2020 under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Ernst & Young Inc. acts as court-appointed monitor. Bridging Finance Inc. is stated as a secured creditor for $40,000,000, and the largest unsecured claim stated is $142,049,579.11 by Bondfield Construction Company Limited. The proceeding is carried on court files CV-18-608978-00CL and CV-20-00636754-00CL, and on file 40166 in the Supreme Court of Canada.

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Case updates22 dated entries
#Report

The officer filed report no. Second Supplement to the First Report of KSV Kofman Inc. as Trustee in Bankruptcy. Forma Con was placed in receivership in November 2018 and filed an assignment in bankruptcy on December 2, 2019. The report replies to John Aquino's responding materials in the Trustee's transfers-at-undervalue claim, arguing the CHS expert report does not establish Forma Con's solvency and that its accounting information is unreliable.

Source: Second Supplement to the First and Second Reports of the Trustee dated August 18, 2020

Parties

Debtor

1033803 Ontario Inc. o/a Forma-Con Construction and Forma Finishing

Debtor

1087507 Ontario Limited

Trustee in bankruptcy

KSV

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredBridging Finance Inc. · in 7 casesPer Preliminary list of creditors as at December 19, 2019. Per Statement of Affairs (Form 78), 'Secured creditors as per list B' is stated at $0.00 while the full $40,000,003.00 balance of secured claims is folded into total unsecured creditors, indicating the officer valued the security at nil (claim bifurcated secured/unsecured by security valuation). — debtor: 1033803 Ontario Inc. · as of 19 Dec 2019$40MNotice of Bankruptcy and First Meeting of Creditors
4Secured
4Secured
4Secured
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

108 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Crown deemed trusts: shortfall.Second Supplement to the First and Second Reports of the Trustee · 18 Aug 2020

ClassCreditorClaimsRecoveryBasisSource
Deemed trustForma Con's creditors, including Bridging, Canada Revenue Agency and other creditors—shortfallper the trusteeSecond Supplement to the First and Second Reports of the Trustee · 18 Aug 2020

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
22 filings
DateDocumentFile
Book of Authorities of the Respondent, Ernst & Young, dated July 4, 2023 - Volume 1 of 2PDF · Subscribers
Book of Authorities of the Respondent, Ernst & Young, dated July 4, 2023 - Volume 2 of 2
  • Applicant JOHN AQUINO, 2304288 ONTARIO INC., MARCO CARUSO, GIUSEPPE ANASTASIO a.k.a. Joe Ana AND LUCIA COCCIA a.k.a. Lucia Canderle
  • Appointee ERNST & YOUNG INC.
  • Appointee role Court-Appointed Monitor
  • Court IN THE SUPREME COURT OF CANADA
  • + 1 more extracted fact
PDF · Subscribers
Book of Authorities of the Respondent, KSV Restructuring Inc. dated July 4, 2023PDF · Subscribers
Factum of the Respondent, Ernst & Young, dated July 4, 2023PDF · Subscribers
Factum of the Respondent, KSV Restructuring Inc. dated July 4, 2023PDF · Subscribers
Endorsement of Justice Cavanagh dated March 28, 2022
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Decisions of Justices Lauwers, Coroza and Sossin dated March 10, 2022PDF · Subscribers
Endorsement of Justice Wilton Seigel dated March 9, 2022
  • Presiding officer Justice Wilton
PDF · Subscribers
Endorsement of Justice Dietrich dated September 15, 2020
  • Presiding officer Justice Dietrich
PDF · Subscribers
Factum of the Trustee dated September 8, 2020PDF · Subscribers
Third Supplement to the First and Second Reports of the Trustee dated September 8, 2020
PDF · Subscribers
Second Supplement to the First and Second Reports of the Trustee dated August 18, 2020
  • Operational summary Forma Con was placed in receivership in November 2018 and filed an assignment in bankruptcy on December 2, 2019. The report replies to John Aquino's responding materials in the Trustee's transfers-at-undervalue claim, arguing the CHS expert report does not establish Forma Con's solvency and that its accounting information is unreliable.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
First Supplement to the First and Second Reports of the Trustee dated July 10, 2020
  • Cash on hand · Disbursements · Financial position · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Motion Record dated May 25, 2020
  • Applicant KSV KOFMAN INC. in its capacity as Trustee-in-Bankruptcy of 1033803 ONTARIO INC. and 1087507 ONTARIO LIMITED
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-20-00636754-00CL
  • Province ONTARIO
PDF · Subscribers
Second Report of the Trustee dated May 7, 2020PDF · Subscribers
Application Record of the Trustee dated February 21, 2020
  • Applicant KSV KOFMAN INC. in its capacity as Trustee-in-Bankruptcy of 1033803 ONTARIO INC. and 1087507 ONTARIO LIMITED
  • Commencement date 21 February 2020
  • Court SUPERIOR COURT OF JUSTICE COMMERCIAL LIST
  • Court file no CV-20-00636754-00CL
  • + 1 more extracted fact
PDF · Subscribers
First Report of the Trustee dated February 21, 2020PDF · Subscribers
First Report of the Trustee dated February 21, 2020
  • Applicant BRIDGING FINANCE INC. AS AGENT FOR 2665405 ONTARIO INC.
  • Appointee KSV Kofman Inc.
  • Appointee role receiver and manager
  • Commencement date 19 November 2018
  • + 4 more extracted facts
PDF · Subscribers
Notice of Bankruptcy and First Meeting of CreditorsPDF · Subscribers
Notice of Bankruptcy and First Meeting of Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Appointment dated December 19, 2019PDF · Subscribers
Certificate of Appointment dated December 19, 2019PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “1033803 Ontario Inc. o/a Forma-Con Construction an et al.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1033803-ontario-inc-o-a-forma-con-construction-and-forma-finishing

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Sources last checked · summary updated 3 September 2026 · Report a correction · Printed from proceedings.ca/case/1033803-ontario-inc-o-a-forma-con-construction-and-forma-finishing

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.