1552906 Ontario Limited
- Proceeding
- NOIsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 35-2106711
1552906 Ontario Limited filed a notice of intention to make a proposal on April 4, 2016 under section 50.4(1) of the Bankruptcy and Insolvency Act, with Rosen Goldberg Inc. as licensed insolvency trustee. The proposal trustee valued the company's assets at $1,499,000.00, comprising real property with an estimated realizable value of $1,400,000.00 and two mortgages receivable totalling $99,000.00. Dunn Management Ltd., a company related to shareholder 803102 Ontario Limited, holds a secured mortgage claim of $264,500.00 bearing interest at 7.5% and due March 30, 2018. 803102 Ontario Limited filed a disputed unsecured claim of $486,017.75, having demanded payment in May 2015 and sued in July 2015; the company defended and counterclaimed, and 803 opposed approval of the proposal.
Started proposal proceedings for 1552906 Ontario Limited under section 50.4(1) of the Bankruptcy and Insolvency Act, with Rosen Goldberg Inc. as trustee on file 35-2106711.
Undated filings1 — no date appears on the document · show
Debtor
1552906 Ontario Limited
Proposal trustee
Rosen Goldberg
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeRosen Goldberg | Harrison Pensa LLP | 16 Nov 2016 | Application · 16 Nov 2016 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Dunn Management Ltd.as of NOI filing date — Mortgage payable, related company (related to 803102 Ontario Limited), bears interest at 7.5% paid quarterly, due March 30, 2018 — Related party (related to shareholder 803102 Ontario Limited); listed as 'Secured' creditor type on Creditor Mailing List; approximate amount per Trustee's Report ($264,500) matches List of Creditors claim amount — debtor: 1552906 Ontario Limited | $265K | Trustee's Report to Court |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 1 class The stack holds Secured and Unsecured claims.
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The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Motion of Trustee Returnable December 6, 2016
| PDF · Subscribers | |
Notice of Intention to Make a Proposal
| PDF · Subscribers | |
Trustee's Report to Court
| 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., “1552906 Ontario Limited” (NOI), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/1552906-ontario-limited