864884 Ontario Inc.
Follow- Proceeding
- NOIsection 50.4(9) of the BIA
- Court
- Ontario Superior Court of Justice · In Bankruptcy and Insolvency
- File
- 31-3166040
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.
A claims procedure has been established — see the order for deadlines.
9 earlier updates, back to 16 December 2024 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Debtor
864884 Ontario Inc.
Proposal trustee
BDO
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Gianna 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 | $470K | Report of Proposal Trustee -Final |
2 transactions · 1 proposed · 1 approved — BP Transaction approved by the CourtOrder (BP Vesting) - W.D. Black J - Feb 11-2025 · 11 Feb 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Bulletproof Logistics Inc.the Purchased Assets · asset sale · agreement 7 Feb 2025 | Subscribers | Proposed | Second Report - Proposal Trustee - BDO |
| 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 2025 | Subscribers | Approved11 Feb 2025 | Order (AR Vesting) - W.D. Black J - Feb 11-2025 |
1 engagement · 1 firm — BDO Canada Limited, 5 Dec 2024 – 17 Jan 2025Second Report - Proposal Trustee - BDO · 10 Feb 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedProposal trustee | 5 Dec 2024 – 17 Jan 2025 | — | — | ••• | Second Report - Proposal Trustee - BDO · 10 Feb 2025 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice to Creditors
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
| 864884 Ontario Inc. v. BDO Canada Limited; BK-25-03166040-0031; Endorsement - Feb 11-2025 | PDF · Subscribers | |
Order (AR Vesting) - W.D. Black J - Feb 11-2025
| PDF · Subscribers | |
Order (Ancillary) - W.D. Black J - Feb 11-2025
| PDF · Subscribers | |
Order (BP Vesting) - W.D. Black J - Feb 11-2025
| PDF · Subscribers | |
Second Report - Proposal Trustee - BDO
| PDF · Subscribers | |
Order - W.D. Black J
| PDF · Subscribers | |
Motion Record-864884 Ontario Inc.
| PDF · Subscribers | |
Report of Proposal Trustee -Final
| PDF · Subscribers | |
NOI Notice - Notice to the Creditors
| PDF · Subscribers | |
| Certificate for the Notice of Intention | PDF · Subscribers | |
| Proof of Claim | 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., “864884 Ontario Inc.” (NOI), Ontario Superior Court of Justice · In Bankruptcy and Insolvency. Retrieved 21 September 2026, https://proceedings.ca/case/864884-ontario-inc