2434446 Ontario Inc. OA Sequel Freight Systems
- 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.
Debtor
2434446 Ontario Inc. OA Sequel Freight Systems
Trustee in bankruptcy
Crowe Soberman
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
168 more claims in 2 classes The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice to Creditors
| PDF · Subscribers | |
Preliminary Report
| PDF · Subscribers | |
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CiteProceedings., “2434446 Ontario Inc. OA Sequel Freight Systems” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/2434446-ontario-inc-oa-sequel-freight-systems