#Sale
The court granted an approval and vesting order for the sale to Grackledocs Inc. Sealed: Confidential Supplement to the First Report.
Source: Order, dated December 5, 2023
AbleDocs Inc. and AbleDocs International Limited
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-23-00083219-0000
Filings held5
Last activity5 Dec 2023
On the record1,085 days
OverviewSummary updated
AbleDocs Inc. and AbleDocs International Limited are in court-appointed receivership in the Ontario Superior Court of Justice, with BDO Canada Limited acting as receiver and manager and the proceeding remaining active. HSBC Bank Canada brought the application under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act on December 4, 2023, in court file CV-23-00083219-0000. Secured claims against the two companies include a Canada Revenue Agency deemed trust estimated at $3,244,943.74 and HSBC at $1,743,012.00, within a creditor listing the companies state totals $5,714,814.20. Book values drawn from the most recent internal, unaudited financial information show intangible assets of $3,922,987, accounts receivable of $845,921, amounts due from related companies of $480,491, a shareholder loan of $363,537, equipment and furnishings of $191,265, and a $170,000 loan receivable from Element Nutrition.
Proceedings AIOpen Proceedings AI
Case updates5 dated entries
#Filing
HSBC Bank Canada applied to the Ontario Superior Court under BIA s. 243(1) and CJA s. 101 to place both AbleDocs entities under BDO Canada Limited as receiver and manager.
#Order
Order granted Thursday, November 16, 2023 placing both AbleDocs entities into court-appointed receivership, commencing the Ontario Superior Court proceeding in file CV-23-00083219-0000.
Parties
Debtor
AbleDocs Inc. and AbleDocs International Limited
Receiver
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Parayeski | Ontario Superior Court of Justice | 2 orders, Dec 2023 | 6 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantHSBC Bank Canada | Thornton Grout Finnigan LLP | 16 Nov 2023 | Order · 16 Nov 2023 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesDeemed trust / CRA class; listed as secured creditor holding security on the Property; estimated amount owing. Matches figure of $3,244,943.74 in Schedule 'A' creditor listing (page 3). — debtor: AbleDocs Inc. and AbleDocs International Limited | $3.24M | Notice and Statement of Receivers, dated November 24, 2023 |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
42 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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See all plansThis 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.
Sale processAs stated in the filings
Sale approved — Transaction approved by the courtOrder, dated December 5, 2023 · 5 Dec 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Grackledocs Inc.the assets described in the Asset Purchase Agreement (the "Purchased Assets") · asset sale · agreement 4 Dec 2023 | not stated | Approved5 Dec 2023 | Order, dated December 5, 2023 |
Sealed materialsConfidential Supplement to the First ReportOrder, dated December 5, 2023
Documents5 filings
| Date | Document | File |
|---|---|---|
Endorsement , dated December 5, 2023
| PDF · Subscribers | |
Order, dated December 5, 2023
| PDF · Subscribers | |
Motion Record, dated December 4, 2023
| PDF · Subscribers | |
Notice and Statement of Receivers, dated November 24, 2023
| PDF · Subscribers | |
Receivership Order dated November 16, 2023
| 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., “AbleDocs Inc. and AbleDocs International Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/abledocs-inc-and-abledocs-international-limited