2560659 Ontario Inc.

Active

Proceeding: Receivership (court-appointed)Subsection 245 & 246 (1) of the Bankruptcy and Insolvency Act

Filings held1

Last activity16 Nov 2020

On the record2,135 days

Secured debt$405K

OverviewSummary updated 19 August 2026

2560659 Ontario Inc. has been in receivership in Ontario since November 16, 2020, with MNP Ltd. acting as receiver under subsections 245 and 246(1) of the Bankruptcy and Insolvency Act. The proceeding remains active. The receiver's Notice and Statement of Receiver puts the estimated amount owed to Toronto-Dominion Bank, which holds a General Security Agreement, at CAD 404,650; the attached creditor list records the same balance again as an unsecured claim of the bank. The creditor list also identifies the Canada Revenue Agency, asserting a deemed trust class claim, together with Thinking Capital Financial Corporation and Tricor Lease & Finance Corporation, each in an amount stated as unknown.

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Case updates1 dated entry

16 Nov 2020

#Claims

MNP Ltd. became receiver of the company effective this date, the same date the record assigns to approval of a claims process.

Source: Notice and Statement of the Receiver

Parties

Debtor

2560659 Ontario Inc.

Receiver

MNP

Capital structureAs asserted in the filings

stated amounts, drawn to scale · 3 named without a figure

#	Priority class	Creditor	Amount	Source
4	Secured	Toronto-Dominion Bank · in 48 casesGeneral Security Agreement — Estimated amount owed to secured creditor per Notice and Statement of Receiver — debtor: 2560659 Ontario Inc.	$405K	Notice and Statement of the Receiver
8	Unsecured	Toronto-Dominion Bank · in 48 casesAlso listed as secured creditor holding General Security Agreement; same balance stated as unsecured claim in creditor list — debtor: 2560659 Ontario Inc.	$405K	Notice and Statement of the Receiver
8	Unsecured	Thinking Capital Financial Corporation · in 19 casesAmount listed as 'Unknown' — debtor: 2560659 Ontario Inc.	—	Notice and Statement of the Receiver
8	Unsecured	Canada Revenue Agency · in 926 casesAmount listed as 'Unknown'; deemed trust class claim — debtor: 2560659 Ontario Inc.	—	Notice and Statement of the Receiver
8	Unsecured	Tricor Lease & Finance CorporationAmount listed as 'Unknown' — debtor: 2560659 Ontario Inc.	—	Notice and Statement of the Receiver

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

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.

Documents1 filing

Date	Document	File
16 Nov 2020	Notice and Statement of the Receiver Appointee MNP Ltd. Appointee role receiver Commencement date 16 November 2020 Secured creditors $405K · Note: Estimated amount owed to secured creditor per Notice and Statement of Receiver · Page: 1 · Debtor: 2560659 Ontario Inc. · Creditor: Toronto-Dominion Bank · Security: General Security Agreement + 2 more extracted facts	PDF

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

CiteProceedings., “2560659 Ontario Inc.” (Receivership (court-appointed)). Retrieved 20 September 2026, https://proceedings.ca/case/2560659-ontario-inc