Proceedings.

2560659 Ontario Inc.

ActiveFollow
Proceeding
Receivership (court-appointed)Subsection 245 & 246 (1) of the Bankruptcy and Insolvency Act
Filings held1
Last activity16 Nov 2020
On the record2,181 days
Secured debtSubscribers
OverviewSummary updated

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.

Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
Case updates1 dated entry
Parties

Debtor

2560659 Ontario Inc.

Receiver

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredToronto-Dominion Bank · in 48 casesGeneral Security Agreement — Estimated amount owed to secured creditor per Notice and Statement of Receiver — debtor: 2560659 Ontario Inc.$405KNotice and Statement of the Receiver
8Unsecured
8Unsecured
8Unsecured
8Unsecured

4 more claims in 1 class The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠

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
DateDocumentFile
Notice and Statement of the Receiver
  • Appointee MNP Ltd.
  • Appointee role receiver
  • Commencement date 16 November 2020
  • Financial position Subscribers
  • + 3 more extracted facts
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., “2560659 Ontario Inc.” (Receivership (court-appointed)). Retrieved 5 November 2026, https://proceedings.ca/case/2560659-ontario-inc

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/2560659-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.