#Order
A receivership order was granted, on the application of Tandia Financial Credit Union Limited. Court file CV-25-00090460-0000.
Source: Order of the Honourable Justice MacNeil dated October 2, 2025
9259929 Canada Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)SUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C. C.43, AS AMENDED
- File
- CV-25-00090460-0000
Filings held8
Last activity2 Oct 2025
On the record354 days
Secured debt$3.38M
OverviewSummary updated
9259929 Canada Inc. is the subject of an active bankruptcy proceeding under the Bankruptcy and Insolvency Act in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), under court file number CV-25-00090460-0000. The proceeding was commenced by an application filed electronically on May 28, 2025. The record before this page contains no further dated steps in the Ontario file.
Proceedings AIAsk this case — answers cite the filings
Case updates8 dated entries
#Filing
Supplementary Application Record dated September 11, 2025 — Application / notice of application
#Filing
Application Record of the Applicant dated June 5, 2025 Part 2 — Application / notice of application
#Filing
Application Record of the Applicant dated June 5, 2025 Part 3 — Application / notice of application
#Filing
Application Record of the Applicant dated June 5, 2025 Part 4 — Application / notice of application
#Filing
Application Record of the Applicant dated June 5, 2025 Part 5 — Application / notice of application
#Filing
Application filed electronically, commencing the Ontario bankruptcy proceeding under court file CV-25-00090460-0000.
Source: Application Record of the Applicant dated June 5, 2025 Part 1
Parties
Debtor
9259929 Canada Inc.
Receiver
msi Spergel inc.
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Tandia Financial Credit Union Limited · in 5 casesGeneral Security Agreement dated Oct 4, 2021 (all present/future property, registered under PPSA); Cannon Charge - collateral mortgage in the registered amount of $1,825,000.00 on Cannon Property; Barton Charge - collateral mortgage in the registered amount of $1,600,000.00 on Barton Property; General Assignments of Rents (Cannon and Barton Properties, registered under land registry and PPSA) — First-ranking secured creditor over both Real Properties. Indebtedness figure is total owing by Debtor and Guarantor under Credit Agreement as set out in Demands and BIA Notice, exclusive of legal fees, · as of 7 Apr 2025 | $3.38M | Application Record of the Applicant dated June 5, 2025 Part 1 |
| Secured | City of Hamilton (property tax arrears - Cannon Property) · in 19 casesTreasurer's Certificate of Outstanding Realty Taxes - statutory municipal tax arrears constituting a lien against the Cannon Property — Described as a priority payable further jeopardizing Tandia's security position; municipal tax arrears of this kind typically rank ahead of registered mortgage security. — debtor: 9259929 Canada Inc. | $68.5K | Application Record of the Applicant dated June 5, 2025 Part 1 |
| Secured | City of Hamilton (property tax arrears - Barton Property) · in 19 casesTreasurer's Certificate of Outstanding Realty Taxes - statutory municipal tax arrears constituting a lien against the Barton Property — Described as a priority payable further jeopardizing Tandia's security position; municipal tax arrears of this kind typically rank ahead of registered mortgage security. — debtor: 9259929 Canada Inc. | $66.1K | Application Record of the Applicant dated June 5, 2025 Part 1 |
| Secured | Ready Capital Mortgage Holdings Ltd.One or more PPSA registrations against the Debtor covering variably Goods, Inventory, Equipment, Accounts, Other and Motor Vehicles — Blanket-style PPSA registrant; amount secured not stated. — debtor: 9259929 Canada Inc. | — | Application Record of the Applicant dated June 5, 2025 Part 1 |
| Secured | Rapport Credit Union LimitedOne or more PPSA registrations against the Debtor covering variably Goods, Inventory, Equipment, Accounts, Other and Motor Vehicles — Blanket-style PPSA registrant; amount secured not stated. — debtor: 9259929 Canada Inc. | — | Application Record of the Applicant dated June 5, 2025 Part 1 |
| Secured | Fennell Property Management Ltd.Subordinate (second-ranking) charges registered over the Cannon Property and Barton Property (amounts not stated); also holds one or more PPSA registrations against the Debtor covering variably Goods, Inventory, Equipment, Accounts, Other and Motor Vehicles — Registered subordinate to Tandia's Cannon Charge and Barton Charge; amount of the charges and PPSA-secured obligations not stated in the document. — debtor: 9259929 Canada Inc. | — | Application Record of the Applicant dated June 5, 2025 Part 1 |
| Secured | The Toronto-Dominion Bank · in 111 casesOne or more PPSA registrations against the Debtor covering variably Goods, Inventory, Equipment, Accounts, Other and Motor Vehicles — Blanket-style PPSA registrant; amount secured not stated. — debtor: 9259929 Canada Inc. | — | Application Record of the Applicant dated June 5, 2025 Part 1 |
“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.
Documents8 filings
| Date | Document | File |
|---|---|---|
Order of the Honourable Justice MacNeil dated October 2, 2025
| ||
| Factum of the Applicant dated September 23, 2025 | ||
| Supplementary Application Record dated September 11, 2025 | ||
Application Record of the Applicant dated June 5, 2025 Part 1
| ||
| Application Record of the Applicant dated June 5, 2025 Part 2 | ||
| Application Record of the Applicant dated June 5, 2025 Part 3 | ||
| Application Record of the Applicant dated June 5, 2025 Part 4 | ||
Application Record of the Applicant dated June 5, 2025 Part 5
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “9259929 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/9259929-canada-inc