Proceedings.

1787930 Ontario Inc. cob as Messenger Freight Systems & 1732427 Ontario Inc

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Active
Proceeding
NOIsection 50.4(9) of the Bankruptcy and Insolvency Act
Court
Ontario Superior Court of Justice
File
35-2395487
Filings held51
Last activity23 Dec 2020
On the record2,982 days
Secured debt$2.75M
OverviewSummary updated

1787930 Ontario Inc., carrying on business as Messenger Freight Systems, and 1732427 Ontario Inc. filed a notice of intention to make a proposal under s. 50.4 of the BIA on July 23, 2018, with MNP Ltd. as trustee. The matter is before the Ontario Superior Court of Justice under court file 35-2395481 and remains active. A Statement of Affairs for 1787930 Ontario Inc. alone, prepared as at July 2, 2018 and sworn October 12, 2018, puts total assets at $2,746,439.89 against total liabilities of $5,648,247.34, a stated deficiency of $2,901,807.45. Liabilities comprise $2,004,068.45 owed to unsecured creditors and $2,746,439.89 to secured creditors per list "B", with no preferred or contingent and trust claims recorded. The same schedule separately reports a balance of secured claims of $897,739.00.

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Case updates49 dated entries · 2 undated
Undated filings2 — no date appears on the document · show
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Filing

1787930 Ontario Inc. and 1732427 Ontario Inc. - Appellant's Book of Authorities — Application filed

PDF

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Filing

1787930 Ontario Inc. and 1732427 Ontario Inc. - Appellants Book of Authorities — Application filed

PDF

Parties

Debtor

1787930 Ontario Inc. cob as Messenger Freight Systems & 1732427 Ontario Inc

Proposal trustee

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice RaikesOntario Superior Court of Justice1 order, Mar 20193 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorTransit Petroleum IncMiller Thomson LLP24 Oct 2018Application · 24 Oct 2018
Capital structureAs asserted in the filings
stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredSecured creditors (aggregate per list "B") · in 35 casesBalance of secured claims as per list "B": $897,739.00; Secured creditors as per list "B": $2,746,439.89 (list itself not provided in these pages) — Statement of Affairs reports two related figures for secured claims (a 'balance of secured claims' of $897,739.00 and 'Secured creditors as per list B' of $2,746,439.89); document does not itemise individual secured creditors on these pages, so the stated total secured creditors figure is used as amount; components not summed. — debtor: 1787930 Ontario Inc. cob as Messenger Freight Systems · as of 2 Jul 2018$2.75MNotice of Proposal - 1732427 Ontario Inc., dated October 19, 2018
8UnsecuredUnsecured creditors (aggregate as per list "A") · in 532 casesDocument states only the aggregate figure for unsecured creditors as per list 'A'; no individual creditors named on these pages. Total unsecured creditors (including secured balance component) reported as $2,901,807.45. — debtor: 1787930 Ontario Inc. cob as Messenger Freight Systems · as of 2 Jul 2018$2MNotice of Proposal - 1732427 Ontario Inc., dated October 19, 2018
RecoveriesAs stated in the filings

Unsecured creditors: a distribution. Transit Petroleum 7.1 %.Under the plan · implementedMotion Record · 8 Sep 2020

ClassCreditorClaimsRecoveryBasisSource
Preferred——paid in fullUnder the planimplementedper the trusteeNotice of Proposal - 1732427 Ontario Inc. · 22 Oct 2018
Unsecuredordinary Unsecured Creditors (Election Creditors)—a distributionconditionalUnder the planimplementedper the proposal trusteeMotion Record · 8 Sep 2020
UnsecuredRelated Creditorsrelated party—no distributionUnder the planimplementedper the trusteeNotice of Proposal - 1732427 Ontario Inc. · 22 Oct 2018
UnsecuredTransit Petroleum—7.1 %conditionalEstimatedper the proposal trusteeMotion Record · 8 Sep 2020

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.

Estate financialsReported figures — never derived
Total assets at filing$2.75M
Total liabilities at filing$5.65M

As at 2 Jul 2018 · per Statement of Affairs (Form 78) as stated and estimated by the officer, sworn/declared October 12, 2018 · 1787930 Ontario Inc. cob as Messenger Freight Systems (entity level) — Statement of Affairs shows Total assets $2,746,439.89 and Total liabilities $5,648,247.34, resulting in a stated Deficiency of $2,901,807.45. Liabilities include unsecured creditors $2,004,068.45, secured creditors $2,746,439.89, preferred creditors $0.00, and contingent/trust claims $0.00.

Professional fees to date

$75K

As at 10 Sep 2018Second Report to Court re. 1787930 Ontario Inc. and 1732427 Ontario Inc. dated September 10, 2018

Documents
51 filings
DateDocumentFile
Certificate of Full PerformancePDF
Supplementary Motion Record for Transit
  • Counsel Miller Thomson LLP
PDF
Letter to counsel and MNP re motion for TransitPDF
Motion Record - TransitPDF
Messenger Freight Certificate of Full PerformancePDF
Motion Record
  • Recovery outcome Entries: per plan; per estimated; per estimated; per estimated; per estimated · Stated on: 2020-09-08 · Table missing:
PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Reason for Decision dated December 3, 2019PDF
1732427 Ontario Inc. - Respondent's Brief of Authorities dated Sep 9, 2019PDF
1732427 Ontario Inc. - Respondent's Compendium dated Sep 9, 2019PDF
1732427 Ontario Inc. - Respondent's Factum dated Sep 9, 2019PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Brief of Authorities dated June 13, 2019PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Factum of the Respondent dated June 13, 2019PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Certificate of PerfectionPDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Appeal Book and Compendium of the Appellant Transit Pertroleum Inc.PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Appeal Book and Compendium of the Appellant Transit Petroleum Inc.PDF
1787930 Ontario Inc. - Motion Record of Transit Petroleum Inc. (returnable April 15, 2019) dated March 26, 2019
  • Counsel Miller Thomson LLP
PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Brief of Authorities of the Moving Party Transit Petroleum Inc. (returnable April 15, 2019)PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Court of Appeal decision re Extension of time to perfect appeal of costs decisionPDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Factum of the Moving Pary, Transit Petroleum Inc. (returnable April 15, 2019)
  • Counsel Miller Thomson LLP
PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Responding Motion Record for the Purpose of the AppealPDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Responding Party's Factum for the Purpose of the AppealPDF
1787930 Ontario Inc. - Notice of Appeal and Appellant's Certificate Respecting Evidence (Transit Petroleum Inc.) dated March 21, 2019PDF
Ontario Inc v. Transit Petroleum - Cost Endorsement dated March 13, 2019
  • Presiding officer Justice R. Raikes
PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Brief of Authorities for the Purpose of AppealPDF
1787930 Ontario Inc. - Factum of the Moving Party (returnable December 19, 2018) dated December 3, 2018PDF
1787930 Ontario Inc. - Second Supplementary Motion Record (returnable December 19, 2018) dated October 31, 2018PDF
1787930 Ontario Inc. - Supplementary Motion Record (returnable December 19, 2018) dated October 17, 2018 re Transit PetroleumPDF
1787930 Ontario Inc. Factum of the Responding Part, Transit Petroleum Inc. (returnable December 19, 2018) dated December 11, 2018PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Notice of Motion (returnable December 19, 2018) dated December 12, 2018PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Undertakings Brief of Transit Petroleum Inc., dated December 12, 2018PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Transcript Brief of Transit Petroleum Inc., dated December 11, 2018PDF
1732427 Ontario Inc. - Court Order Approving Proposal dated December 4, 2018PDF
1787930 Onatrio Inc. - Court Order Approving Proposal dated December 4, 2018PDF
1787930 Ontario Inc. - Sur-Reply Motion Record of Transit Petroleum dated October 24, 2018
  • Counsel Miller Thomson LLP
PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Exhibit Book of the Appellant Transit Petroleum Inc. Volume 1 of 2PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Exhibit Book of the Appellant Transit Petroleum Inc. Volume 2 of 2PDF
Notice of Proposal - 1732427 Ontario Inc., dated October 19, 2018
  • Financial position Assets $2.75M · Liabilities $5.65M · as at 2 Jul 2018 · per Statement of Affairs (Form 78) as stated and estimated by the officer, sworn/declared October 12, 2018 · 1787930 Ontario Inc. cob as Messenger Freight Systems (entity level) — Statement of Affairs shows Total assets $2,746,439.89 and Total liabilities $5,648,247.34, resulting in a stated Deficiency of $2,901,807.45. Liabilities include unsecured creditors $2,004,068.45, secured creditors $2,746,439.89, preferred creditors $0.00, and contingent/trust claims $0.00.
  • Recovery outcome Entries: per plan; per plan; per unstated · Stated on: 2018-10-22 · Table missing:
  • Secured creditors $2.75M · Note: Statement of Affairs reports two related figures for secured claims (a 'balance of secured claims' of $897,739.00 and 'Secured creditors as per list B' of $2,746,439.89); document does not itemise individual secured creditors on these pages, so the stated total secured creditors figure is used as amount; components not summed. · Page: 20 · As of: 2018-07-02 · Debtor: 1787930 Ontario Inc. cob as Messenger Freight Systems · Creditor: Secured creditors (aggregate per list "B") · Security: Balance of secured claims as per list "B": $897,739.00; Secured creditors as per list "B": $2,746,439.89 (list itself not provided in these pages)
  • Unsecured creditors $2M · Note: Document states only the aggregate figure for unsecured creditors as per list 'A'; no individual creditors named on these pages. Total unsecured creditors (including secured balance component) reported as $2,901,807.45. · Page: 20 · As of: 2018-07-02 · Basis: Statement of Affairs (Form 78) as stated and estimated by the officer · Debtor: 1787930 Ontario Inc. cob as Messenger Freight Systems · Creditor: Unsecured creditors (aggregate as per list "A")
PDF
Court Order Extension to file a Proposal (October 12, 2018) , dated September 11, 2018PDF
1787930 Ontario Inc. - Responded Motion Record of Transit Petroleum Inc. (Miller Thomson) dated October 4, 2018PDF
1787930 Ontario Inc. - Motion Record (returnable October 2), dated September 19, 2018 re Transit PetroliumPDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Exhibit of the Appellant Transit. Volume 1 of 2PDF
1787930 Ontario Inc. and 1732427 Ontario Inc. Motion Record (returnable September 11, 2018) dated August 23, 2018PDF
Second Report to Court re. 1787930 Ontario Inc. and 1732427 Ontario Inc. dated September 10, 2018
  • Operational summary Messenger continues operating its transportation/warehousing business post-NOI while negotiating post-filing fuel supply arrangements with suppliers, and the Companies are pursuing refinancing with multiple lenders to support a viable proposal to creditors.
  • Professional fees $75K · Note: Figure is the proposed maximum amount of the Administrative Professionals Charge to secure reasonable fees and disbursements, not fees incurred to date. · Party: Administrative Professionals (Companies' legal advisors and MNP Ltd. as Proposal Trustee and its legal counsel)
  • Report date 26 July 2018
  • Report no First Report
PDF
1732427 Ontario Inc. - Court order dated July 31, 2018PDF
1787930 Ontario Inc. - Court order dated July 31, 2018PDF
First Report to Court re. 1787930 Ontario Inc. and 1732427 Ontario Inc )- Final July 26, 2018
  • Operational summary The Companies continue operating their transportation and warehousing business under NOI protection while negotiating fuel supply arrangements with new suppliers and seeking refinancing of their secured debt to support a future proposal to creditors.
  • Report date 26 July 2018
  • Report no First Report
PDF
1732427 Ontario Inc. - Motion Record (returnableJuly 31, 2018) dated July 23, 2018
  • Applicant 1732427 Ontario Inc.
  • Commencement date 23 July 2018
  • Court ONTARIO SUPERIOR COURT OF JUSTICE BANKRUPTCY AND INSOLVENCY
  • Court file no 35-2395487
  • + 2 more extracted facts
PDF
17387930 Ontario Inc. - Motion Record (returnableJuly 31, 2018) dated July 23, 2018
  • Appointee MNP Ltd.
  • Appointee role Trustee
  • Commencement date 23 July 2018
  • Court SUPERIOR COURT OF JUSTICE
  • + 2 more extracted facts
PDF
Notice of Intention - 1732427 Ontario IncPDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Appellant's Book of AuthoritiesPDF
1787930 Ontario Inc. and 1732427 Ontario Inc. - Appellants Book of AuthoritiesPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “1787930 Ontario Inc. cob as Messenger Freight Systems & 1732427 Ontario Inc” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1787930-ontario-inc-cob-as-messenger-freight-systems-and-1732427-ontario-inc

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/1787930-ontario-inc-cob-as-messenger-freight-systems-and-1732427-ontario-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.