12905060 Canada Inc. et Al
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00089291-0000
OverviewSummary updated
12905060 Canada Inc. and the other debtors named in the proceeding have been in court-appointed receivership since March 27, 2025, when the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) made a receivership order. The proceeding is brought under section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority, and carries court file number CV-25-00089291-0000. The receivership remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates22 dated entries
19 earlier updates, back to 27 March 2025 — subscribers.
Parties
Debtor
12905060 Canada Inc. et Al
Receiver
BDO
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Caisse Desjardins Ontario Credit Union Inc. · in 22 casesCollateral Mortgages and Assignments of Rents under four Loan Agreements dated Sept 11, 2023: 725721-PR-1 ($882,226.81) over 16 Abbott St, 24 Stevens St, 35 Albert St E, 37 Algoma Ave, 14 Abbott St; 725721-PR-2 ($1,247,294.07) over 138 Turner Ave, 145 Albert St W, 37 Albert St E, 104 Albert St E, 115 Pim St; 725721-PR-3 ($1,460,362.98) over 317 Moody St, 330 Albert St E, 344 First Ave, 139 Church St, 292 Pim St, 353 Alexandra St; 725721-PR-4 ($916,383.46) over 158 Trelawne Ave, 257 Alexandra St, 159 Wellington St E, 169 Huron St, 246 St. James St, all Sault Ste. Marie — Total is the sum of fou · as of 31 Jan 2025 | $4.51M | Application Record VOL 2 |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
6 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings
7 transactions · 7 approved — Court approved the 221 Nolin APS and ordered vesting of the 221 Nolin Property in the 221 Nolin PurchaserOrder of J Krawchenko dated April 30, 2026 · 30 Apr 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1906820 Ontario Ltd.1674 Wellington Street East, Sault Ste. Marie (the Wellington Property) · real property | not stated | Approved9 Jul 2025 | Approval and Vesting Order - 1674 Wellington St… |
| Purchaser referred to only as 'Pelham Purchaser'; name not stated in operative text or recitals (placeholder in Schedule B)55 Pelham Road, St. Catharines, Ontario (the Pelham Property) · real property | not stated | Approved9 Jul 2025 | Approval and Vesting Order - 55 Pelham Rd. July… |
| Anjum Naveed Tuba Ahmedthe Stevens Property · real property · agreement 21 Oct 2025 | not stated | Approved20 Nov 2025 | Order of J Sweeny dated November 20, 2025 |
| referred to only as the '275 Bloor Purchaser'the 275 Bloor Property described in the 275 Bloor APS · real property | not stated | Approved27 Mar 2026 | Order of J Ohler dated March 26, 2026 (AVO and… |
| referred to only as the '407 Dupont Purchaser'the 407 Dupont Property described in the 407 Dupont APS · real property | not stated | Approved27 Mar 2026 | Order of J Ohler dated March 26, 2026 (AVO and… |
| referred to only as the '138 Turner Purchaser'the 138 Turner Property described in the 138 Turner APS · real property | not stated | Approved27 Mar 2026 | Order of J Ohler dated March 26, 2026 (AVO and… |
| Brett Dillmanthe 221 Nolin Property described in the 221 Nolin APS · real property · agreement 23 Mar 2026 | not stated | Approved30 Apr 2026 | Order of J Krawchenko dated April 30, 2026 |
Closing termsvesting effective upon delivery of Receiver's Certificate confirming payment, satisfaction/waiver of closing conditions and completion of the transactionOrder of J Krawchenko dated April 30, 2026
Sealed materialsTwo Confidential Appendices to the Second Report; seven Confidential Appendices referred to in the Third Report; three Confidential Appendices referred to in the Fourth ReportOrder of J Sweeny dated November 20, 2025
RecoveriesAs declared or paid
Caisse Desjardins Ontario Credit Union Inc.: shortfall.EstimatedMotion record of the Receiver · 21 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Caisse Desjardins Ontario Credit Union Inc. | — | shortfall | Estimatedper the receiver | Motion record of the Receiver · 21 Apr 2026 |
| Secured | Desjardins | — | a distribution | Finalper the receiver | Motion Record of the Receiver · 16 Jun 2026 |
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.
2 stated figures across 2 outcomes, each sourcedSubscribe to view
Fees and ratesAs stated in the filings
6 engagements · 2 firms — latest: BDO Canada Limited, 1 Nov 2025 – 31 May 2026Motion Record of the Receiver · 23 Jun 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedReceiverperiod 2 of 2 | 1 Nov 2025 – 31 May 2026Sought | — | — | — | Motion Record of the Receiver · 23 Jun 2026 |
| BDO Canada LimitedReceiverperiod 1 of 2 | 7 Feb – 31 Oct 2025 | — | — | — | Motion record of the Receiver · 20 Nov 2025 |
| Spetter Zeitz Klaiman PCCounselperiod 4 of 4 | 1 May – 31 May 2026 | — | — | —2 people | Motion Record of the Receiver · 23 Jun 2026 |
| Spetter Zeitz Klaiman PCCounselperiod 3 of 4 | 1 Apr – 30 Apr 2026 | — | — | —2 people | Motion Record of the Receiver · 23 Jun 2026 |
| Spetter Zeitz Klaiman PCCounselperiod 2 of 4 | 1 Mar – 31 Mar 2026 | — | — | —2 people | Motion Record of the Receiver · 23 Jun 2026 |
| Spetter Zeitz Klaiman PCCounselperiod 1 of 4 | — | — | — | — | Motion Record of the Receiver · 23 Jun 2026 |
48 stated figures across 6 engagements, each sourcedSubscribe to view
Documents
22 filings
| Date | Document | File |
|---|---|---|
Motion Record of the Receiver returnable June 23, 2026
| PDF · Subscribers | |
| Order of J Antoniani dated June 23, 2026 | PDF · Subscribers | |
| Service List | PDF · Subscribers | |
Motion record of the Receiver returnable April 30, 2026
| PDF · Subscribers | |
Order of J Krawchenko dated April 30, 2026
| PDF · Subscribers | |
| Order of J MacNeil dated March 30, 2026 | PDF · Subscribers | |
| Motion Record - Returnable In Writing - Motion To Vary | PDF · Subscribers | |
Motion record of the Receiver returnable March 26, 2026
| PDF · Subscribers | |
Order of J Ohler dated March 26, 2026 (AVO and Third Report)
| PDF · Subscribers | |
Order of J Ohler dated March 26, 2026 (CPM)
| PDF · Subscribers | |
Endorsement of J Sweeny dated November 20, 2025
| PDF · Subscribers | |
Motion record of the Receiver returnable November 20, 2025
| PDF · Subscribers | |
Order of J Sweeny dated November 20, 2025
| PDF · Subscribers | |
Ancillary Order of Krawchenko, J. dated July 9, 2025
| PDF · Subscribers | |
Approval and Vesting Order - 1674 Wellington St E, July 9, 2025
| PDF · Subscribers | |
Approval and Vesting Order - 55 Pelham Rd. July 9, 2025
| PDF · Subscribers | |
Endorsement of Krawchenko, J. dated July 9, 2025
| PDF · Subscribers | |
Endorsement of Krawchenko, J. dated June 12, 2025
| PDF · Subscribers | |
Motion Record of the Receiver returnable June 12, 2025
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Application Record VOL 1 | PDF · Subscribers | |
Application Record VOL 2
| 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., “12905060 Canada Inc. et Al” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/12905060-canada-inc-et-al