#Report
Algo Medical Group Inc. - Supplementary Report to the Receivers First Report — Court officer report
Algo Medical
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-25-00002196-0000
- Industry
- Health care · Pharmacies
Filings held4
Last activity7 May 2026
On the record519 days
OverviewSummary updated
Algo Medical has been under court-appointed receivership in Ontario since June 5, 2025, when the Superior Court of Justice (In Bankruptcy and Insolvency) granted a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried on court file CV-25-00002196-0000 and remains active. No further steps appear on the record after the appointment date, so the case stands as commenced, with the receivership order the only milestone recorded to date.
Proceedings AIOpen Proceedings AI
Case updates4 dated entries
#Order
The court appointed BDO Canada Limited as receiver and manager, on the application of BANK OF MONTREAL. Court file CV-25-00002196-0000.
#Order
Order made Thursday, June 5, 2025 placed Algo Medical into receivership under BIA s. 243 and provincial Judicature Act authority, commencing the Ontario proceeding.
Source: Receivership Order
Parties
Debtor
Algo Medical
Receiver
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Wilkinson | Ontario Superior Court of Justice | 2 orders, Jun 2025 | 10 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantBank of Montreal | Miller Thomson LLP | 5 Jun 2025 | Order · 5 Jun 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 986 casesSource deductions outstanding; deemed trust/priority claim to be paid in priority to BMO per Receiver's advice from CRA. — debtor: Algo Medical Group Inc. | $2.63K | Algo Medical Group Inc. - Supplementary Report to the Receivers First Report |
| 4 | Secured | |||
| 4 | Secured |
2 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.
Every creditor and every amount.
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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.
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedAlgo Medical Group Inc. - Supplementary Report to the Receivers First… · 7 May 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the receiver | Algo Medical Group Inc. - Supplementary Report to the Receivers First… · 7 May 2026 |
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.
Fees and ratesAs stated in the filings
2 engagements · 2 firms — latest: Chaitons LLP, to 31 Mar 2026, soughtAlgo Medical Group Inc. - Supplementary Report to the Receivers First… · 7 May 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedReceiver | to 9 Mar 2026Sought | Algo Medical Group Inc. - Supplementary Report to the Receivers First… · 7 May 2026 | |||
| Chaitons LLPCounsel | to 31 Mar 2026Sought | — | not stated | Algo Medical Group Inc. - Supplementary Report to the Receivers First… · 7 May 2026 |
4 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansDocuments4 filings
| Date | Document | File |
|---|---|---|
Algo Medical Group Inc. - Supplementary Report to the Receivers First Report
| PDF · Subscribers | |
Algo Medical Group Inc. - First Report of the Receiver
| PDF · Subscribers | |
APPENDICES TO THE SUPPLEMENTAL REPORT_Optimized
| PDF · Subscribers | |
Receivership Order
| 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., “Algo Medical” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/algo-medical