Proceedings.

2407553 Ontario Inc., 2384648 Ontario Inc., 2384646 Ontario Inc., 2400196 Ontario Inc. and 2396139 Ontario Inc.

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Closed
Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Ontario Superior Court of Justice
Filings held23
Last activity1 Nov 2021
On the record2,168 days
Secured debt$7.37M
OverviewSummary updated

2407553 Ontario Inc., 2384648 Ontario Inc., 2384646 Ontario Inc., 2400196 Ontario Inc. and 2396139 Ontario Inc. were placed in court-appointed receivership on October 14, 2020 under s. 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority in the Ontario Superior Court of Justice. The proceeding is closed. Records dated October 22, 2020 show Marchant Realty Partners Inc., as Agent, owed CAD 7,365,722, secured against five Niagara Falls properties: 4100 Bridge Street; 4122 Bridge Street and 4538 Cataract Avenue; 4299 Queen Street; and 4551 Zimmerman Avenue. Unsecured claims listed in Appendix A were led by City of Niagara Falls municipal taxes on five separate tax rolls, the largest at CAD 87,731.60, followed by CAD 35,738.67, CAD 15,509.76, CAD 9,151.32 and CAD 4,014.97, with Enbridge Gas Distribution claiming CAD 3,749.77 against 2400196 Ontario Inc. Property management and service claims from Esbin Property Management Inc., Livingstone Home Solutions and Milborne Real Estate follow, along with nominal claims by related entities.

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Case updates23 dated entries
Parties

Debtor

2407553 Ontario Inc., 2384648 Ontario Inc., 2384646 Ontario Inc., 2400196 Ontario Inc. and 2396139 Ontario Inc.

Receiver

Zeifmans

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice16 orders, Dec 2020 – Nov 2021288 cases on record
Justice GilmoreOntario Superior Court of Justice2 orders, Aug 2020 – Oct 202062 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverZeifmansMoncur Mowbray LLP · Dentons Canada LLP18 Dec 2020Order · 1 Nov 2021
Debtor2407553 Ontario Inc., 2384648 Ontario Inc., 2384646 Ontario Inc., 2400196 Ontario Inc. and 2396139 Ontario Inc.Aird & Berlis LLP26 Nov 2020Service list · 26 Nov 2020
CreditorMarchant Realty Partners Inc., as agentDentons Canada LLP14 Oct 2020Order · 14 Oct 2020
Capital structureAs asserted in the filings
stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredMarchant Realty Partners Inc., as Agent · in 3 casesSecurity on the properties: 4100 Bridge Street, Niagara Falls; 4122 Bridge Street & 4538 Cataract Avenue, Niagara Falls; 4299 Queen Street, Niagara Falls; 4551 Zimmerman Avenue, Niagara Falls — debtor: 2407553 Ontario Inc., 2384648 Ontario Inc., 2384646 Ontario Inc., 2400196 Ontario Inc. and 2396139 Ontario Inc. · as of 22 Oct 2020$7.37MNotice and Statement of the Receiver
8UnsecuredCity of Niagara Falls (Finance Dept, Roll#2725 010 002047000000) · in 6 casesmunicipal taxes · as of 22 Oct 2020$87.7KNotice and Statement of the Receiver
8UnsecuredCity of Niagara Falls (Finance Dept, Roll#2725 010 002131000000) · in 6 casesmunicipal taxes · as of 22 Oct 2020$35.7KNotice and Statement of the Receiver
8UnsecuredCity of Niagara Falls (Finance Dept, Roll#2725 010 002001000000) · in 6 casesmunicipal taxes · as of 22 Oct 2020$15.5KNotice and Statement of the Receiver
8UnsecuredCity of Niagara Falls (Finance Dept, Roll#2725 010 002002000000) · in 6 casesmunicipal taxes · as of 22 Oct 2020$9.15KNotice and Statement of the Receiver
8UnsecuredCity of Niagara Falls (Finance Dept, Roll#2725 010 002033000000) · in 6 casesmunicipal taxes · as of 22 Oct 2020$4.01KNotice and Statement of the Receiver
8UnsecuredEnbridge Gas Distribution - Ontario · in 54 casesAcct#910015020944-2400196 Ont. — debtor: 2400196 Ontario Inc. · as of 22 Oct 2020$3.75KNotice and Statement of the Receiver
8UnsecuredEsbin Property Management Inc. (Re: 4299 Queen Street)as of 22 Oct 2020$1.13KNotice and Statement of the Receiver
8UnsecuredLivingstone Home Solutions (Re: 4538 Cataract Avenue)as of 22 Oct 2020$678Notice and Statement of the Receiver
8UnsecuredLivingstone Home Solutions (Re: 4122 Bridge Street)as of 22 Oct 2020$610Notice and Statement of the Receiver
8UnsecuredLivingstone Home Solutions (Re: 4100 Bridge Street)as of 22 Oct 2020$520Notice and Statement of the Receiver
8UnsecuredLivingstone Home Solutions (Re: 4299 Queen Street)as of 22 Oct 2020$520Notice and Statement of the Receiver
8UnsecuredLivingstone Home Solutions (Re: 4551 Zimmerman Avenue)as of 22 Oct 2020$475Notice and Statement of the Receiver
8UnsecuredEsbin Property Management Inc. (Re: 4100 Bridge Street)as of 22 Oct 2020$226Notice and Statement of the Receiver
8UnsecuredEsbin Property Management Inc. (Re: 4551 Zimmerman Avenue)as of 22 Oct 2020$226Notice and Statement of the Receiver
8UnsecuredEsbin Property Management Inc. (Re: 4122 Bridge Street)as of 22 Oct 2020$226Notice and Statement of the Receiver
8UnsecuredEsbin Property Management Inc. (Re: 4538 Cataract Avenue)as of 22 Oct 2020$226Notice and Statement of the Receiver
8UnsecuredMilborne Real Estate Management Fees (5 and 9) · in 2 casesas of 22 Oct 2020$1Notice and Statement of the Receiver
8Unsecured2400196 Ontario Inc.related debtor entity listed as creditor · as of 22 Oct 2020$1Notice and Statement of the Receiver
8UnsecuredMilborne Real Estate Inc. · in 3 casesas of 22 Oct 2020$1Notice and Statement of the Receiver
8Unsecured2407553 Ontario Inc. · in 3 casesrelated debtor entity listed as creditor · as of 22 Oct 2020$1Notice and Statement of the Receiver
8UnsecuredCity of Niagara Falls (Fire Department) · in 6 casesas of 22 Oct 2020$1Notice and Statement of the Receiver
8Unsecured1021862 Ontario Ltd. (2020-07/11) · in 3 casesas of 22 Oct 2020$1Notice and Statement of the Receiver
8Unsecured1021862 Ontario Inc. (2396139 Ontario)debtor: 2396139 Ontario Inc. · as of 22 Oct 2020$1Notice and Statement of the Receiver

This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

RecoveriesAs stated in the filings

Secured creditors: shortfall.EstimatedRedacted First Report of the Receiver · 8 Dec 2020

ClassCreditorClaimsRecoveryBasisSource
Secured——shortfallEstimatedper the receiverRedacted First Report of the Receiver · 8 Dec 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.

Fees and ratesAs stated in the filings

1 engagement · 1 firm — Dentons Canada LLP, to 30 Nov 2020, $13,758.00 in feesRedacted First Report of the Receiver · 8 Dec 2020

FirmPeriodHoursFeesRatesSource
Dentons Canada LLPCounsel to the receiverto 30 Nov 202018.8$13,758.00not statedRedacted First Report of the Receiver · 8 Dec 2020
Documents
23 filings
DateDocumentFile
Discharge Order
  • Counsel Moncur Mowbray LLP
  • Presiding officer Justice Cavanagh
PDF
Endorsement – November 01, 2021
  • Presiding officer Justice Peter Cavanagh
PDF
Endorsement – October 05, 2021
  • Presiding officer Justice Peter Cavanagh
PDF
Motion RecordPDF
Court Order – August 11, 2021
  • Presiding officer Justice Cavanagh
PDF
Endorsement – August 11, 2021
  • Presiding officer Justice Peter Cavanagh
PDF
Costs Endorsement
  • Presiding officer Justice Cavanagh
PDF
Administration Order
  • Presiding officer Justice Cavanagh
PDF
Approval and Vesting Order – June 24, 2021
  • Presiding officer Justice Cavanagh
PDF
Approval and Vesting Order – June 24, 2021 (2)
  • Presiding officer Justice Cavanagh
PDF
Approval and Vesting Order – June 24, 2021 (3)
  • Presiding officer Justice Cavanagh
PDF
Endorsement – June 24, 2021
  • Presiding officer Justice Peter Cavanagh
PDF
Endorsement – March 25, 2021
  • Presiding officer Justice Cavanagh
PDF
Sales Process Order
  • Presiding officer Justice Cavanagh
PDF
Endorsement – January 07, 2021
  • Presiding officer Justice Peter Cavanagh
PDF
Supplementary Endorsement
  • Presiding officer Justice Peter Cavanagh
PDF
Court Order – December 18, 2020
  • Counsel Dentons Canada LLP
PDF
Endorsement – December 18, 2020
  • Presiding officer Justice Peter Cavanagh
PDF
Redacted First Report of the Receiver
  • Fee schedule Engagements: Form: prose · Rows: · Money: Fees: $13.8K · Quote: legal fees of $13,758.00 (the ' Fees ') · Approximate: false · Disbursements: $83 · Quote: disbursements and other charges of $83.31 (the ' Disbursement · Period: End: 2020-11-30 · Kind: invoice · Quote: During the period from the commencement of the Receivership to November 30, 2020, Dentons in its capacity as counsel to the Receiver docketed 18.8 hours, resulting in legal fees of $13,758.00 (the ' Fees ') · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Dentons · Firm quote: Dentons in its capacity as counsel to the Receiver · Hours total: Quote: docketed 18.8 hours · Value: 18.8 · Context quote: Dentons in its capacity as counsel to the Receiver docketed 18.8 hours, resulting in legal fees of $13,758.00 (the ' Fees '); Form: prose · Rows: · Money: Fees: $13.7K · Quote: legal fees of $13,689.50 (the ' Fees ') · Approximate: false · Disbursements: $109 · Quote: disbursements and other charges of $108.58 (the ' Disbursemen · Period: End: 2020-11-30 · Kind: invoice · Quote: During the period from the commencement of the Receivership to November 30, 2020, Dentons in its capacity as counsel to the Receiver docketed 19.0 hours, resulting in legal fees of $13,689.50 (the ' Fees ') · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Dentons · Firm quote: Dentons in its capacity as counsel to the Receiver · Hours total: Quote: docketed 19.0 hours · Value: 19 · Context quote: Dentons in its capacity as counsel to the Receiver docketed 19.0 hours, resulting in legal fees of $13,689.50 (the ' Fees '); Form: prose · Rows: · Money: Fees: $13.7K · Quote: legal fees of $13,689.50 ( the ' Fees ') · Approximate: false · Disbursements: $77 · Quote: disbursements and other charges of $77.31 (the ' Disbursements ') · Period: End: 2020-11-30 · Kind: invoice · Quote: During the period from the commencement of the Receivership to November 30, 2020, Dentons in its capacity as counsel to the Receiver docketed 19 hours, resulting in legal fees of $13,689.50 ( the ' Fees ') · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Dentons · Firm quote: Dentons in its capacity as counsel to the Receiver · Hours total: Quote: docketed 19 hours · Value: 19 · Context quote: Dentons in its capacity as counsel to the Receiver docketed 19 hours, resulting in legal fees of $13,689.50 ( the ' Fees ')
  • Recovery outcome Entries: per estimated · Table missing:
PDF
Service List
  • Counsel Dentons Canada LLP
PDF
Notice and Statement of the Receiver
  • Secured creditors $7.37M · Page: 2 · As of: 2020-10-22 · Debtor: 2407553 Ontario Inc., 2384648 Ontario Inc., 2384646 Ontario Inc., 2400196 Ontario Inc. and 2396139 Ontario Inc. · Creditor: Marchant Realty Partners Inc., as Agent · Security: Security on the properties: 4100 Bridge Street, Niagara Falls; 4122 Bridge Street & 4538 Cataract Avenue, Niagara Falls; 4299 Queen Street, Niagara Falls; 4551 Zimmerman Avenue, Niagara Falls
  • Unsecured creditors $1 · Page: 3 · As of: 2020-10-22 · Basis: Listing of unsecured creditors attached as Appendix A · Creditor: City of Niagara Falls (Fire Department)
PDF
Order of Justice Gilmore
  • Counsel Dentons Canada LLP
  • Presiding officer Justice Gilmore
PDF
Endorsement of Justice Gilmore
  • Presiding officer Justice Gilmore
PDF

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

CiteProceedings., “2407553 Ontario Inc., 2384648 Ontario Inc., 2384646 Ontario Inc., 2400196 Ontario Inc. and 2396139 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2407553-ontario-inc-2384648-ontario-inc-2384646-ontario-inc-2400196-ontario-inc-

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Sources last checked · summary updated 14 August 2026 · Report a correction · Printed from proceedings.ca/case/2407553-ontario-inc-2384648-ontario-inc-2384646-ontario-inc-2400196-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.