#Order
Interim order granted Friday, May 1, 2026, commencing the receivership of Ballo Carriers Inc. in the Ontario Superior Court of Justice under file CV-24-00003238-0000.
Source: Order of the Honourable Justice Stewart dated May 1, 2026
Ballo Carriers Inc.
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-24-00003238-0000
- Industry
- Transportation & logistics · Trucking & freight
Filings held12
Last activity1 May 2026
On the record812 days
OverviewSummary updated
Ballo Carriers Inc. is subject to a court-appointed receivership before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding commenced on May 1, 2026, when the court granted an interim order, and is carried on Ontario court file number CV-24-00003238-0000. The matter remains active. The interim order of May 1 is the only step recorded to date in the proceeding.
Proceedings AIOpen Proceedings AI
Case updates12 dated entries
#Filing
Book of Authorities of the Receiver dated April 22, 2026 — Application / notice of application
#Order
Endorsement of the Honourable Justice Trimble dated September 12, 2025 — Endorsement / reasons
#Order
The court appointed msi Spergel inc. as receiver and manager, on the application of The Toronto-Dominion Bank. Court file CV-24-00003238-0000.
Source: Court Order of the Honourable Justice M.T. Doi dated August 15, 2024
Parties
Debtor
Ballo Carriers Inc.
Receiver
msi Spergel inc.
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stewart | Ontario Superior Court of Justice | 2 orders, May 2026 | 11 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Harrison Pensa LLP | 22 Apr 2026 | Application · 22 Apr 2026 |
| DebtorBallo Carriers Inc. | Mand Rai LLP | 19 Nov 2024 | Service list · 19 Nov 2024 |
| CreditorTFG Financial Corporation | Evangelista LLP | 19 Nov 2024 | Service list · 19 Nov 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesReferenced only via Application Record index as Exhibit 'Y' - Requirement to Pay in the amount of $20,792.70 (pp.494-498, not included among provided pages); likely a deemed-trust/source-deduction collection claim. | $20.8K | Application Record of TD Bank - Volume 2 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
15 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors and Preferred (BIA s. 136) claims.
Every creditor and every amount, drawn to scale.
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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
other stakeholders: no distribution. 2412338 Ontario Inc. short · Toronto Dominion Bank short.EstimatedMotion Record of the Receiver · 23 Feb 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | 2412338 Ontario Inc. | — | shortfall | Estimatedper the receiver | Motion Record of the Receiver · 23 Feb 2026 |
| Secured | Toronto Dominion Bank | — | shortfall | Estimatedper the receiver | Motion Record of the Receiver · 23 Feb 2026 |
| class not placed | other stakeholders | — | no distribution | Estimatedper the receiver | Motion Record of the Receiver · 23 Feb 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: Harrison Pensa LLP, 6 Jan – 12 Feb 2026Motion Record of the Receiver · 23 Feb 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Harrison Pensa LLPCounsel | 6 Jan – 12 Feb 2026 | — | — | Motion Record of the Receiver · 23 Feb 2026 | |
| msi Spergel Inc.Receiver | 1 May – 31 Dec 2025 | — | not stated | Motion Record of the Receiver · 23 Feb 2026 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansDocuments
12 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Stewart dated May 1, 2026
| PDF · Subscribers | |
Order of the Honourable Justice Stewart dated May 1, 2026
| PDF · Subscribers | |
Book of Authorities of the Receiver dated April 22, 2026
| PDF · Subscribers | |
Factum of the Receiver dated April 22, 2026
| PDF · Subscribers | |
| Supplemental Record of the Receiver dated April 22, 2026 | PDF · Subscribers | |
Motion Record of the Receiver dated February 23, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Trimble dated September 12, 2025
| PDF · Subscribers | |
Service List dated November 19, 2024.
| PDF · Subscribers | |
Court Order of the Honourable Justice M.T. Doi dated August 15, 2024
| PDF · Subscribers | |
| Factum of TD Bank dated August 6, 2024 | PDF · Subscribers | |
Application Record of TD Bank - Volume 1
| PDF · Subscribers | |
Application Record of TD Bank - Volume 2
| 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., “Ballo Carriers Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/ballo-carriers-inc