Artex Systems Inc.
- Proceeding
- NOIBIA s. 50.4
- File
- 31-2763610
- Industry
- Manufacturing · Building products
Artex Systems Inc. is the subject of a bankruptcy proceeding. Toronto-Dominion Bank (TD), identified in the record as the company's primary secured lender, holds security interests over Artex Systems Inc.'s property. TD and the company entered into a Forbearance Agreement; the amount secured is not stated in the record.
The officer filed report no. Third Report. Artex continues efforts to complete the outstanding East Side Project while working with the Proposal Trustee on cash flow projections and communications with its lender TD.
Source: Third Report of the Proposal Trustee dated December 17, 2021
The officer filed report no. Second Report. Artex continues to operate and is working to complete its remaining project (the East Side Project) while communicating with TD, its primary secured lender; the updated cash flow projection indicates sufficient liquidity to fund operations and proposal costs through the requested stay extension to December 30, 2021.
Source: Second Report of the Proposal Trustee dated November 5, 2021
Debtor
Artex Systems Inc.
Proposal trustee
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Dec 2021 | 310 cases on record |
| Justice Gilmore | Ontario Superior Court of Justice | 2 orders, Oct 2021 | 68 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorArtex Systems Inc. | Weisz Fell Kour LLP | 1 Oct 2021 | Application · 28 Sep 2021 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Toronto-Dominion Bank (TD) · in 48 casessecurity interests over the Company's property (unspecified) — Primary secured lender; entered into Forbearance Agreement with the Company; amount not stated — debtor: Artex Systems Inc. | — | First Report of the Proposal Trustee dated September 29, 2021 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: no distribution.EstimatedSecond Report of the Proposal Trustee · 5 Nov 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distributionconditional | Estimatedper the proposal trustee | Second Report of the Proposal Trustee · 5 Nov 2021 |
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.
| Date | Document | File |
|---|---|---|
Endorsement of Honourable Justice Conway dated December 20, 2021
| PDF · Subscribers | |
Order of the Honourable Justice Conway dated December 20, 2021
| PDF · Subscribers | |
Motion Record Returnable December 17, 2021
| PDF · Subscribers | |
Third Report of the Proposal Trustee dated December 17, 2021
| PDF · Subscribers | |
Order of the Honourable Justice McEwen dated November 8, 2021
| PDF · Subscribers | |
Second Report of the Proposal Trustee dated November 5, 2021
| PDF · Subscribers | |
Motion Record Returnable November 8, 2021
| PDF · Subscribers | |
Endorsement of Honourable Justice Gilmore dated October 1, 2021
| PDF · Subscribers | |
Order of the Honourable Justice Gilmore dated October 1, 2021
| PDF · Subscribers | |
First Report of the Proposal Trustee dated September 29, 2021
| PDF · Subscribers | |
Motion Record Returnable October 1, 2021
| PDF · Subscribers | |
| Certificate of Filing | PDF · Subscribers | |
| Notice of Intention to Make a Proposal filed September 1, 2021 | 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., “Artex Systems Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/artex-systems-inc