ACS Precision Components Partnership
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- File
- 10-8702-00CL
ACS Precision Components Partnership is subject to a receivership in which the priority of competing secured claims remains contested. Omega Tool Corporation asserts a $135,000 claim for its unpaid August 20, 2009 invoice, backed by a PPSA security interest in a mold granted under Omega's quote terms, though the Receiver's May 14, 2010 report describes Omega only as an unpaid vendor whose security interest validity is unconfirmed. Bank of Montreal, the applicant in the receivership, and ATS Automation Tooling Systems Inc., which sold ACS its plastics business, each hold secured claims disputed as to priority against Omega, though the record does not specify their amounts or security instruments.
The court appointed Zeifman Partners Inc. as receiver, on the application of Bank of Montreal. Court file 10-8702-00CL.
Source: Court Order – May 06, 2010
Debtor
ACS Precision Components Partnership
Receiver
Zeifmans
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Hoy | Ontario Superior Court of Justice | 2 orders, Jun 2010 | 19 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Miller Thomson LLP | 6 May 2010 | Order · 6 May 2010 |
| CreditorZeifman Partners Inc | Miller Thomson LLP | 14 May 2010 | Order · 17 May 2010 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Omega Tool CorporationPPSA security interest in the Mold granted under terms of Omega Quote No. 10019, continuing security to secure payment until paid in full — Amount is the unpaid Omega Invoice No. 25995 dated August 20, 2009 for $135,000, which the Receiver states remains fully unpaid as of the report date; Receiver characterizes Omega as 'an unpaid vendor, which may or may not have a valid security interest in the Mold' — validity of the security interest is unconfirmed/disputed — debtor: ACS Precision Components Partnership · as of 14 May 2010 | $135K | First Report to the Court |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
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.
Unsecured creditors: a distribution.EstimatedSeventh Report to the Court · 24 Dec 2010
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | listed | conditional | Estimatedper the receiver | Seventh Report to the Court · 24 Dec 2010 |
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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Eleventh Report to the Court Part 2
| PDF · Subscribers | |
Eleventh Report to the Court Part 3
| PDF · Subscribers | |
| Court Endorsement – May 26, 2011 | PDF · Subscribers | |
| Court Endorsement – May 26, 2011 (2) | PDF · Subscribers | |
| Court Order: Miller | PDF · Subscribers | |
Court Order: Shanghai
| PDF · Subscribers | |
| Notice of Motion – May 18, 2011 | PDF · Subscribers | |
| Tenth Report to the Court | PDF · Subscribers | |
| Court Endorsement – April 21, 2011 | PDF · Subscribers | |
Court Order – April 21, 2011
| PDF · Subscribers | |
| Ninth Report to the Court | PDF · Subscribers | |
| Notice of Motion – April 15, 2011 | PDF · Subscribers | |
| Court Endorsement – February 22, 2011 | PDF · Subscribers | |
| Court Order – January 20, 2011 | PDF · Subscribers | |
| Eighth Report to the Court | PDF · Subscribers | |
Notice of Motion – January 10, 2011
| PDF · Subscribers | |
Court Order – January 06, 2011
| PDF · Subscribers | |
| Notice of Motion – December 24, 2010 | PDF · Subscribers | |
Seventh Report to the Court
| PDF · Subscribers | |
| Court Order – October 15, 2010 | PDF · Subscribers | |
| Sixth Report to the Court | PDF · Subscribers | |
| Notice Of Motion – October 06, 2010 | PDF · Subscribers | |
| Court Endorsement – September 03, 2010 | PDF · Subscribers | |
Court Order – September 03, 2010
| PDF · Subscribers | |
| Fifth Report to the Court | PDF · Subscribers | |
Notice Of Motion – August 25, 2010
| PDF · Subscribers | |
| Court Endorsement – June 15, 2010 | PDF · Subscribers | |
Court Order – June 15, 2010
| PDF · Subscribers | |
| Court Endorsement – June 10, 2010 | PDF · Subscribers | |
Court Order – June 10, 2010
| PDF · Subscribers | |
| Fourth Report to the Court | PDF · Subscribers | |
| Notice of Motion – June 08, 2010 | PDF · Subscribers | |
| Notice of Motion – June 03, 2010 | PDF · Subscribers | |
| Third Report to the Court | PDF · Subscribers | |
Court Order – May 28, 2010
| PDF · Subscribers | |
| Notice of Motion – May 26, 2010 | PDF · Subscribers | |
| Second Report to the Court | PDF · Subscribers | |
Court Order – May 17, 2010
| PDF · Subscribers | |
First Report to the Court
| PDF · Subscribers | |
Notice of Motion – May 14, 2010
| PDF · Subscribers | |
Court Order – May 06, 2010
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
| Factum | 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., “ACS Precision Components Partnership” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/acs-precision-components-partnership