2794248 Ontario Inc. has been in court-appointed receivership since October 17, 2025, when the Ontario Superior Court of Justice appointed The Fuller Landau Group Inc. receiver and manager on the application of Bank of Montreal, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-25-00015634-0000. The bank asserts secured indebtedness of $2,231,245.23 and first-ranking security subject to government priority claims; its demand letter and forbearance agreement record an outstanding balance of $2,260,045.36 as of June 4, 2025, including a $5,000 forbearance fee. The City of Welland is owed $77,904.08 in property tax arrears dating back to 2023, and the Ontario Ministry of Finance holds the only other PPSA registration, for $1,330.00.
The officer filed report no. First Report. The Gas Station at the Thorold Property has continued to operate under the Debtor's management pursuant to an Operating Agreement with the Receiver while the Receiver pursued a sale of the property, and the Receiver is working to have the related Marble Slab Creamery tenant vacate the premises.
Source: Receiver's First Report
Motion Record of the Receiver was filed. Court file CV-25-00015634-0000.
Source: Motion Record of the Receiver
Receivership order of October 17, 2025, on the application of Bank of Montreal, appointing The Fuller Landau Group Inc. receiver and manager.
Source: Receivership Order
1 earlier update, back to 17 October 2025 — subscribers.
Debtor
2794248 Ontario Inc.
Receiver
Fuller Landau
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 280 casesGeneral Security Agreement dated March 8, 2022 (all personal property, assets and undertaking); Charge over Real Property registered March 24, 2022 as instrument SN718624 in the principal sum of $2,520,000 (registered principal, not a balance); Assignment of Rents registered March 24, 2022 as instrument SN718625 — As of June 4, 2025, outstanding balance was $2,260,045.36 per demand letter and Forbearance Agreement (Outstanding Balance including $5,000 forbearance fee added). Bank asserts first-ranking security subject to government priority claims (unpaid realty taxes). Personal guarantees giv · as of 3 Sep 2025 | $2.23M | Application 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.
Bank of Monreal (BMO): shortfall.EstimatedReceiver's First Report · 25 May 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Bank of Monreal (BMO) | — | shortfall | Estimatedper the receiver | Receiver's First Report · 25 May 2026 |
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.
Professional fees to date
$55.7K
As at 25 May 2026Receiver's First Report
| Date | Document | File |
|---|---|---|
Motion Record of the Receiver
| PDF · Subscribers | |
Receiver's First Report
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Application Record
| 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., “2794248 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 21 September 2026, https://proceedings.ca/case/2794248-ontario-inc
Sources last checked · summary updated 22 August 2026 · Report a correction · Printed from proceedings.ca/case/2794248-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.