1754782 Ontario Inc.
- Proceeding
- Receivership (private)Subsection 245 & 246 (1) of the Bankruptcy and Insolvency Act
- Industry
- Real estate
1754782 Ontario Inc., an Ontario company, is subject to active insolvency proceedings arising out of security held by Bank of Montreal over the property at 49 Wallace Street, Vaughan, Ontario. Bank of Montreal's claim, secured by a General Security Agreement, is estimated at $765,000, and a receiver was appointed pursuant to that security. The creditor list attached to the Notice and Statement of Receiver records Canada Revenue Agency as an unsecured creditor in an amount shown as unknown, and also lists Bank of Montreal as an unsecured claimant for $765,000 — the same figure as its secured claim — notwithstanding the General Security Agreement.
Debtor
1754782 Ontario Inc.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal · in 297 casesGeneral Security Agreement — Estimated amount owed to creditor holding security on the Property (49 Wallace Street, Vaughan, Ontario); receiver appointed pursuant to this security — debtor: 1754782 Ontario Inc. | $765K | Section 245 Notice |
| 8 | Unsecured | |||
| 8 | Unsecured |
2 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansClosed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Section 245 Notice
| PDF · Subscribers | |
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CiteProceedings., “1754782 Ontario Inc.” (Receivership (private)). Retrieved 5 November 2026, https://proceedings.ca/case/1754782-ontario-inc