Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and sections 13(2) of the Judicature Act, R.S.A. 2000, c.J-2, 65(7) of the Personal Property Security Act, R.S.A. 2000, c.P-7 and 49 of the Law of Property Act, RSA 2000, c L-7
2093924 Ontario Inc., operating as Wash Factory, is in a court-appointed receivership commenced January 12, 2024 in the Court of King's Bench of Alberta under court file 2303 22127. The Receiver's Notice and Statement puts an approximation of property value at $7,334,331 as at the February 15, 2024 appointment date, drawn from 2023 year-end net book values for real property, chattels, equipment and vehicles and unaudited in-house statements for receivables; total liabilities are not stated. Bank of Montreal holds a first-position charge under a December 2020 general security agreement and a collateral mortgage registered at $6,005,000, with an updated payout figure of $5,773,412.23 as at February 16, 2024, confirmed valid and enforceable by Receiver's counsel. The Canada Revenue Agency claims $3,062.40, of which $2,737.11 is deemed trust for payroll source deductions.
The officer filed report no. Third Report. The Receiver maintained the car wash's operations, payroll, and banking functions until closing the sale to the Klair Group on February 28, 2025, after which it terminated the remaining employees and is now winding down the receivership estate.
The court granted an approval and vesting order. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction. Sealed: Second Confidential Addendum to the Second Report.
The officer filed report no. Second Report. The Receiver has taken over day-to-day management of the Wash Factory truck wash following the departure of its managers, addressing deferred maintenance and operational issues, while running a public sales process that resulted in acceptance of a new offer from the Klair Group, subject to court approval.
Canada Revenue Agency · in 985 casesas of trust examination completion date (undated) — Listed as a creditor holding a security interest in the Notice and Statement of Receiver (deemed trust claim following payroll/GST trust examination) — Deemed trust claim; $2,737.11 of the $3,062.40 total represents the deemed trust portion. No GST claim received to date. In the Feb 20, 2024 Notice and Statement, CRA's balance was shown as an unknown placeholder of $1.00 (footnote: balances unknown reflected as $1.00). — debtor: 2093924 Ontario Inc. (Wash Factory)
$3.06K
Receiver's First Report to Court
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Secured
4
Secured
4
Secured
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3 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.
Klarity Holdings Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · agreement 11 Feb 2025
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of the TransactionApproval and Vesting Order
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.
3 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction
Order date19 February 2025
Presiding officerJustice Mah
PurchaserKlarity Holdings Ltd. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · approved
PurchaserKlarity Holdings Ltd. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
Sealed itemsSecond Confidential Addendum to the Second Report
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/2093924-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.