Avida 2015 Inc.
- Proceeding
- BankruptcyBIA
- File
- CV-24-00714760-00CL
Avida 2015 Inc. remains in active bankruptcy proceedings under the Bankruptcy and Insolvency Act before the Ontario Superior Court of Justice at Toronto, commenced January 9, 2024 on the application of Bank of Montreal, with msi Spergel Inc. as receiver. The Bank's claim is founded on a general security agreement dated December 11, 2020 covering all assets, property and undertaking of the company, with total indebtedness secured by that security stated at $6,053,259.27 as at November 1, 2023, comprising principal of $6,051,461.20 and interest of $1,798.07 as of the demand date. The security is estimated at $2,000,000.00, less than the debt, leaving the Bank unsecured for at least $1,000. The matter carries court file numbers BK-24-00208666-OT31 and CV-24-00714760-00CL.
Application for Bankruptcy Order issued January 11, 2024 was filed. Court file BK-24-00208666-OT31.
Source: Application for Bankruptcy Order issued January 11, 2024
Debtor
Avida 2015 Inc.
Trustee in bankruptcy
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Feb 2023 – Feb 2024 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Chaitons LLP | 24 Feb 2024 | Order · 24 Feb 2024 |
| CreditorBank of Montreal | Chaitons LLP | 6 Mar 2024 | Order · 6 Mar 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal · in 297 casesGeneral Security Agreement dated December 11, 2020 (all assets, property and undertaking of the Company); security value estimated at $2,000,000.00 — Amount stated as total indebtedness secured by the Security as at November 1, 2023 per demand letter and Notice of Intention to Enforce Security; approximate figure of $6,053,259.27 also stated in Application and Affidavit (principal $6,051,461.20 plus interest $1,798.07 as of demand date); estimated security value of $2,000,000.00 is less than the debt. — debtor: Avida 2015 Inc. · as of 1 Nov 2023 | $6.05M | Application for Bankruptcy Order issued January 11, 2024 |
| 8 | Unsecured |
1 more claim in 1 class The stack holds Secured and Unsecured claims.
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See all plans| Date | Document | File |
|---|---|---|
| Certificate of Filing of a Bankruptcy Order | PDF · Subscribers | |
Bankruptcy Order dated March 6, 2024
| PDF · Subscribers | |
Order of The Honourable Justice Steele dated February 24, 2024
| PDF · Subscribers | |
Application for Bankruptcy Order issued January 11, 2024
| PDF · Subscribers | |
Endorsement of The Honourable Justice Steele dated February 23, 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., “Avida 2015 Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/avida-2015-inc