1557113 Ontario Inc., 1870431 Ontario Inc., 2500994 Ontario Ltd. AND 2544924 Ontario Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-23-00707172-00CL
- Industry
- Retail · Gas stations & convenience stores
1557113 Ontario Inc., 1870431 Ontario Inc., 2500994 Ontario Ltd. and 2544924 Ontario Inc. have been under a receivership order granted November 17, 2023 by the Ontario Superior Court of Justice, Commercial List, in a proceeding under the Bankruptcy and Insolvency Act bearing court file number CV-23-00707172-00CL. The order was made on a Friday and marks the commencement of the proceeding. The matter remains active, and no further steps appear on the record.
A claims procedure has been established — see the order for deadlines.
The court granted an approval and vesting order for the sale to 1000918852 Ontario Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
Source: Approval and Vesting Order dated July 12, 2024 re: 1557113 Ontario Inc.
The court granted an approval and vesting order for the sale to 1000918856 Ontario Inc. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditions.
Source: Approval and Vesting Order dated July 12, 2024 re: 1870431 Ontario Inc.
The court granted an approval and vesting order. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price, satisfaction/waiver of conditions to Closing, and completion of Transaction.
Source: Approval and Vesting Order dated July 12, 2024 re: 2500994 Ontario Ltd.
The court granted an approval and vesting order. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of conditions.
Source: Approval and Vesting Order dated July 12, 2024 re: 2544924 Ontario Inc.
Motion Record of the Receiver returnable February 7, 2024 — Application / notice of application
1) Notice and Statement of Receiver - 1557113 Ontario Inc. — Notice of receiver (s. 245 / Form 87)
2) Notice and Statement of Receiver - 1870431 Ontario Inc. — Notice of receiver (s. 245 / Form 87)
3) Notice and Statement of Receiver - 2500994 Ontario Ltd. — Notice of receiver (s. 245 / Form 87)
4) Notice and Statement of Receiver - 2544924 Ontario Inc. — Notice of receiver (s. 245 / Form 87)
Court granted a receivership order over the four Ontario numbered companies on Friday, November 17, 2023, commencing the proceeding under court file CV-23-00707172-00CL.
Source: Receivership Order of Justice Osborne dated November 17, 2023, effective December 1, 2023
Application Record of Tandia Credit Union dated October 20, 2023 — Application / notice of application
Debtor
1557113 Ontario Inc., 1870431 Ontario Inc., 2500994 Ontario Ltd. AND 2544924 Ontario Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 7 orders, Jul 2024 | 245 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 4 orders, Nov 2023 – Feb 2024 | 168 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Jan 2025 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Dickinson Wright LLP | 5 Feb 2024 | Factum · 5 Feb 2024 |
| CreditorTandia Financial Credit Union Limited | Aird & Berlis LLP | 17 Nov 2023 | Order · 17 Nov 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Tandia Financial Credit Union Limited · in 7 casesSecurity over the Property (assets, undertakings and properties) of 2544924 Ontario Inc. — Form 87 notice (para 4, page 2) states a rounded amount of $12,750,000; Schedule 'A' List of Creditors (page 3) states the exact balance of $12,027,241.12, used here. — debtor: 2544924 Ontario Inc. | $12M | 4) Notice and Statement of Receiver - 2544924 Ontario Inc. |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
39 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans2 transactions · 2 approved — the Transaction is hereby approvedApproval and Vesting Order dated July 12, 2024 re: 1557113 Ontario Inc. · 12 Jul 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1000918852 Ontario Inc.the lands and premises described in Schedule A hereto (the 'Property') · real property · agreement 19 Jun 2024 | not stated | Approved12 Jul 2024 | Approval and Vesting Order dated July 12, 2024… |
| 1000918856 Ontario Inc.the lands and premises described in Schedule A hereto (the 'Property') · real property · agreement 19 Jun 2024 | not stated | Approved12 Jul 2024 | Approval and Vesting Order dated July 12, 2024… |
Unsecured creditors: no distribution.Motion Record of Receiver · 2 Jan 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredTandia (first-ranking secured creditor) | Tandia Financial Credit Union Limited | — | shortfall | per the receiver | Motion Record of Receiver · 2 Jan 2025 |
| Unsecured | subordinate secured creditors or unsecured creditors | — | no distribution | per the receiver | Motion Record of Receiver · 2 Jan 2025 |
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.
5 engagements · 2 firms — latest: BDO Canada Limited, 1 Jun – 31 Dec 2024, in feesMotion Record of Receiver · 2 Jan 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedReceiverperiod 3 of 3 | 1 Jun – 31 Dec 2024 | Motion Record of Receiver · 2 Jan 2025 | |||
| BDO Canada LimitedReceiverperiod 2 of 3 | 1 Jan – 31 May 2024Approved | Motion Record of Receiver · 2 Jan 2025 | |||
| BDO Canada LimitedReceiverperiod 1 of 3 | to 31 Dec 2023Approved | Motion Record of Receiver · 2 Jan 2025 | |||
| Dickinson Wright LLPCounsel to the receiverperiod 2 of 2 | 16 Jun – 31 Aug 2024 | — | not stated | Motion Record of Receiver · 2 Jan 2025 | |
| Dickinson Wright LLPCounsel to the receiverperiod 1 of 2 | to 28 Dec 2023Approved | Motion Record of Receiver · 2 Jan 2025 |
13 blurred figures above
What each firm billed — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Endorsement of J Cavanagh dated January 10, 2025
| PDF · Subscribers | |
Order of J Cavanagh dated January 10, 2025
| PDF · Subscribers | |
Motion Record of Receiver returnable January 10, 2025
| PDF · Subscribers | |
| Notice to Creditors, including proof of claim form | PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Administrative Order of J. Steele dated July 12, 2024
| PDF · Subscribers | |
Approval and Vesting Order dated July 12, 2024 re: 1557113 Ontario Inc.
| PDF · Subscribers | |
Approval and Vesting Order dated July 12, 2024 re: 1870431 Ontario Inc.
| PDF · Subscribers | |
Approval and Vesting Order dated July 12, 2024 re: 2500994 Ontario Ltd.
| PDF · Subscribers | |
Approval and Vesting Order dated July 12, 2024 re: 2544924 Ontario Inc.
| PDF · Subscribers | |
Endorsement of J Steele dated July 12, 2024 with Reasons
| PDF · Subscribers | |
Endorsement of J. Steele dated July 12, 2024
| PDF · Subscribers | |
Motion Record of the Receiver returnable July 12, 2024
| PDF · Subscribers | |
Endorsement of J Osborne dated February 7, 2024
| PDF · Subscribers | |
Order of J Osborne dated February 7, 2024
| PDF · Subscribers | |
Factum of Receiver dated February 5, 2024
| PDF · Subscribers | |
Motion Record of the Receiver returnable February 7, 2024
| PDF · Subscribers | |
| 1) Notice and Statement of Receiver - 1557113 Ontario Inc. | PDF · Subscribers | |
| 2) Notice and Statement of Receiver - 1870431 Ontario Inc. | PDF · Subscribers | |
| 3) Notice and Statement of Receiver - 2500994 Ontario Ltd. | PDF · Subscribers | |
4) Notice and Statement of Receiver - 2544924 Ontario Inc.
| PDF · Subscribers | |
Endorsement of Justice Osborne dated November 17, 2023
| PDF · Subscribers | |
Receivership Order of Justice Osborne dated November 17, 2023, effective December 1, 2023
| PDF · Subscribers | |
Application Record of Tandia Credit Union dated October 20, 2023
| 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., “1557113 Ontario Inc., 1870431 Ontario Inc., 2500994 Ontario Ltd. AND 2544924 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/1557113-ontario-inc-1870431-ontario-inc-2500994-ontario-inc-and-2544924-ontario-