Proceedings.

864884 Ontario Inc.

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Proceeding
NOIsection 50.4(9) of the BIA
Court
Ontario Superior Court of Justice · In Bankruptcy and Insolvency
File
31-3166040
Industry
Transportation & logistics · Logistics, warehousing & courier
Filings held13
Last activity7 Mar 2025
On the record689 days
Secured debtSubscribers
OverviewSummary updated

864884 Ontario Inc. is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), under court file number 31-3166040. The proceeding is active. No further steps are recorded.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

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Case updates12 dated entries · 1 undated
Undated filings1 — no date appears on the document · show
Parties

Debtor

864884 Ontario Inc.

Proposal trustee

BDO

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredGianna PonziGeneral Security Agreement dated August 20, 2009 (assigned from Royal Bank of Canada) — Related party - guarantor and shareholder of the Company; acquired the RBC Loan and associated security by paying off the balance under the Mercantile Law Amendment Act, R.S.O. 1990, c. M.10, effectively taking assignment from RBC; RBC's prior security is discharged/paid off as of this date and RBC is not a current secured creditor. Facility provided for maximum credit availability of $750,000 (a facility limit, not a balance). First-position secured creditor; further advances during Proposal Proceedings ma · as of 13 Dec 2024$470KReport of Proposal Trustee -Final
4Secured
4Secured
4Secured
5PMSI / lessors
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

73 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

2 transactions · 2 approved — BP Transaction approved by the CourtOrder (BP Vesting) - W.D. Black J - Feb 11-2025 · 11 Feb 2025

PurchaserPriceStatusSource
Bulletproof Logistics Inc.the Company's right, title and interest in and to Purchased Assets as defined in the BP Sale Agreement · asset sale · agreement 7 Feb 2025SubscribersApproved11 Feb 2025Order (BP Vesting) - W.D. Black J - Feb 11-2025
Gianna Ponzithe Company's right, title and interest in and to Purchased Assets as defined in the AR Sale Agreement · asset sale · agreement 10 Feb 2025SubscribersApproved11 Feb 2025Order (AR Vesting) - W.D. Black J - Feb 11-2025
Closing termsVesting effective upon delivery of the Proposal Trustee's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.Order (AR Vesting) - W.D. Black J - Feb 11-2025
Fees and ratesAs stated in the filings

1 engagement · 1 firm — BDO Canada Limited, 5 Dec 2024 – 17 Jan 2025Second Report - Proposal Trustee - BDO · 10 Feb 2025

FirmPeriodHoursFeesRatesSource
BDO Canada LimitedProposal trustee5 Dec 2024 – 17 Jan 2025——Second Report - Proposal Trustee - BDO · 10 Feb 2025

1 blurred figure above

What the firm billed — each as the filing states it, with its source.

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Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
13 filings
DateDocumentFile
Notice to Creditors
PDF · Subscribers
Certificate of AppointmentPDF · Subscribers
864884 Ontario Inc. v. BDO Canada Limited; BK-25-03166040-0031; Endorsement - Feb 11-2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Order (AR Vesting) - W.D. Black J - Feb 11-2025
  • Closing terms Vesting effective upon delivery of the Proposal Trustee's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
  • Order date 11 February 2025
  • Presiding officer Justice W.D. Black
  • Purchaser Gianna Ponzi · the Company's right, title and interest in and to Purchased Assets as defined in the AR Sale Agreement · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Order (Ancillary) - W.D. Black J - Feb 11-2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Order (BP Vesting) - W.D. Black J - Feb 11-2025
  • Closing terms vesting effective upon delivery of Proposal Trustee's Certificate confirming payment of purchase price and satisfaction of closing conditions
  • Order date 11 February 2025
  • Presiding officer Justice W.D. Black
  • Purchaser Bulletproof Logistics Inc. · the Company's right, title and interest in and to Purchased Assets as defined in the BP Sale Agreement · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Second Report - Proposal Trustee - BDO
  • Purchaser Bulletproof Logistics Inc. · the Purchased Assets · asset sale · proposed; Gianna Ponzi · the Company's Accounts Receivable · asset sale · proposed
  • Sale outcome Approval pending — the two Proposed Transactions which, if approved, would collectively result in the sale of all of the assets of the Company
  • Fee schedule · Stalking horse Subscribers
PDF · Subscribers
Order - W.D. Black J
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Motion Record-864884 Ontario Inc.
  • Appointee BDO Canada Limited
  • Appointee role Proposal Trustee
  • Commencement date 16 December 2025
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • + 1 more extracted fact
PDF · Subscribers
Report of Proposal Trustee -Final
  • Appointee BDO Canada Limited
  • Appointee role proposal trustee
  • Commencement date 16 December 2024
  • Court SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY & INSOLVENCY)
  • + 5 more extracted facts
PDF · Subscribers
NOI Notice - Notice to the Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate for the Notice of IntentionPDF · Subscribers
Proof of ClaimPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “864884 Ontario Inc.” (NOI), Ontario Superior Court of Justice · In Bankruptcy and Insolvency. Retrieved 5 November 2026, https://proceedings.ca/case/864884-ontario-inc

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Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/864884-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.