2434446 Ontario Inc. OA Sequel Freight Systems
Follow- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 32-3120324
2434446 Ontario Inc., which carried on business as Sequel Freight Systems, made an assignment on August 26, 2024, with Crowe Soberman Inc. as licensed insolvency trustee. TIP Fleet Services Canada Ltd. is the largest unsecured creditor, with claims of $771,914.30, $275,300.00 and $70,312.54 on three separate trailer accounts as at September 16, 2024. BMO Financial Group is listed at $183,214.96 on three dry van trailers and BMO Bank of Montreal at $137,489.13 on one truck, and Riordan Leasing Inc. at $50,000.00 for seven dry van trailers since returned. TFG Financial Corporation and RCAP Leasing Inc. have filed and had admitted secured claims of $162,949.75 and $92,336.15. Six further secured creditors, including De Lage Landen Financial Services Canada Inc. and Volvo Car Financial Services Canada, have not proved their claims. The matter is in Ontario and remains active.
Recorded 2434446 Ontario Inc.'s assignment of August 26, 2024, with Crowe Soberman Inc. as licensed insolvency trustee over a creditor body led by trailer and truck lessors.
Source: Preliminary Report
Debtor
2434446 Ontario Inc. OA Sequel Freight Systems
Trustee in bankruptcy
Crowe Soberman
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | TFG Financial Corporation · in 17 casesTwo (2) Tridem Container Chassis — Proof of claim filed and admitted — debtor: 2434446 Ontario Inc. O/A Sequel Freight Systems · as of 16 Sep 2024 | $163K | Preliminary Report |
| Date | Document | File |
|---|---|---|
Notice to Creditors
| PDF · Subscribers | |
Preliminary Report
| 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., “2434446 Ontario Inc. OA Sequel Freight Systems” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/2434446-ontario-inc-oa-sequel-freight-systems