125 Ferris Inc. is subject to an active bankruptcy proceeding, with insolvency recorded as of December 20, 2024. The Trustee's creditor listing, based on the debtor's books and records, identifies Laurentian Bank of Canada as a secured creditor owed $5,918,367.00 and the Corporation of the City of North Bay as a secured creditor for a municipal property tax claim of $262,537.87 tied to Tax Roll 040.063.27600.0000. Unsecured claims listed include CBRE Limited at $148,332.81, North Bay Hydro at $13,649.37, Enbridge at $10,451.95, and a separate City of North Bay water department account of $1,316.48.
The officer filed a report. The Company's sole asset is real property held as nominee/legal title holder for co-tenant investors, with no other business operations; the Trustee intends to relist the property for sale to determine creditor recoveries.
11 earlier updates, back to 8 July 2024 — subscribers.
Debtor
125 Ferris Inc.
Proposal trustee
KSV
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Laurentian Bank of Canada · in 15 casesas of insolvency date (20-Dec-2024) — Attn: Leanne M. Williams; per Trustee's creditor listing based on debtor's books and records — debtor: 125 Ferris Inc. | $5.92M | Notice to Creditors of First Meeting of Creditors |
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Final Report
| PDF · Subscribers | |
Notice to Creditors of First Meeting of Creditors
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Endorsement of Justice Steele dated November 5, 2024
| PDF · Subscribers | |
Extension Order dated November 5, 2024
| PDF · Subscribers | |
| Factum of the Moving Party, 125 Ferris Inc. dated November 1, 2024 | PDF · Subscribers | |
Third Report of the Proposal Trustee dated November 1, 2024
| PDF · Subscribers | |
Endorsement of Justice Osborne dated September 20, 2024
| PDF · Subscribers | |
Extension Order dated September 20, 2024
| PDF · Subscribers | |
Second Report of the Proposal Trustee dated September 16, 2024
| PDF · Subscribers | |
| Factum of 125 Ferris Inc. dated July 29, 2024 | PDF · Subscribers | |
First Report of the Proposal Trustee dated July 26, 2024
| PDF · Subscribers | |
Motion Record dated July 24, 2024
| PDF · Subscribers | |
| Certificate for the Notice of Intention to Make a Proposal dated July 8, 2024 | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “125 Ferris Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/125-ferris-inc
Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/125-ferris-inc
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.