Beaverton Lumber Inc. has been in a court-appointed receivership in the Ontario Superior Court of Justice (Commercial List) since July 31, 2015, under BIA s. 243 and provincial Judicature Act authority, file CV-15-10798-00CL. The proceeding remains active. Security against the company's assets and its premises at 488 Mara Road, Beaverton is led by a statutory property tax lien of the Township of Brock at $154,616, ahead of The Toronto-Dominion Bank at $638,606.28 as at July 16, 2015 under a 1995 general security agreement and mortgage, then Home Hardware Stores Limited at $207,005 and the Canada Revenue Agency at $95,153 for unremitted HST. Unsecured claims filed with the trustee in bankruptcy total $388,023, of which $248,424 is owed to directors George Tripp and the late Barbara Tripp.
The officer filed report no. Second Report. The Receiver completed the sale of the Company's real property, equipment and inventory, made distributions to secured creditors (TD and, pending approval, CRA), settled a claim with Home Hardware, and believes no further assets remain, seeking its discharge.
Source: Second Report of the Receiver dated February 26, 2016 (without appendices)
Receivership application filed, commencing the proceeding against Beaverton Lumber in the Ontario Superior Court of Justice Commercial List under court file CV-15-10798-00CL.
The court appointed ALBERT GELMAN INC. as receiver [and manager], on the application of THE TORONTO-DOMINION BANK. Court file CV15-10978-00CL.
Source: Order of Justice McEwan dated June 17, 2015 (appointment of Receiver)
Supplementary Application record to Appoint receiver returnable June 17, 2015 — Application / notice of application
Application record to Appoint Receiver returnable June 1, 2015 — Application / notice of application
Debtor
File Documents
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice McEwan | Ontario Superior Court of Justice | 1 order, Jun 2015 | 13 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantToronto-Dominion Bank | Lee, Bowden, Nightingale LLP | — | Service list |
| CreditorBeaverton Lumber Inc | HGR Graham Partners LLP | — | Service list |
| CreditorBen Smith | Turner, Brooks | — | Service list |
| CreditorHome Hardware Stores Limited | Gordon Alexander Mackay | — | Service list |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (unremitted HST) · in 926 casesas of claim filed with Trustee May 27, 2015 — Secured claim against the Premises for unremitted HST, plus accruing interest. — Ranks 4th, subordinate to both TD and HHSL per Third Legal Opinions. Regulatory/deemed-trust class quasi-governmental claim. As of the report date it is uncertain whether this claim will be satisfied from sale proceeds. Distinct from a separate DAS deemed-trust claim of $20,725 which the Receiver already remitted to CRA (satisfied/discharged, not outstanding). — debtor: Beaverton Lumber Inc. | $95.2K | First Report of the Receiver dated July 30, 2015 (1 of 2) |
| 4 | Secured | The Toronto-Dominion Bank · in 111 casesGeneral security agreement executed August 25, 1995; mortgage registered on the Premises (488 Mara Road, Beaverton) August 29, 1995; PPSA registrations against inventory, equipment, accounts, other and motor vehicle dated August 29, 1995, March 31, 2010 and October 5, 2001 (accounts and other). Debt comprised of operating loan $74,095.21, demand loan $557,321.64, credit cards $7,189.43. — Ranks 2nd on real property (behind Township of Brock) but confirmed by Legal Opinions to rank in priority to HHSL and CRA against Assets/Premises. Personally guaranteed by George Tripp and the late Barbara Tr · as of 16 Jul 2015 | $639K | First Report of the Receiver dated July 30, 2015 (1 of 2) |
| 4 | Secured | Home Hardware Stores Limited (HHSL) · in 6 casesas of claim filed with Trustee May 2, 2015 — Charge registered against the Premises; also PPSA registration (April 13, 2010) against inventory, equipment, accounts, other and motor vehicle. — Ranks 3rd, subordinate to TD per Third Legal Opinions. HHSL separately holds 'Outside Security' (cash withheld $105,320; common shares valued $88,432; term notes payable $70,114 = $263,866 total) which exceeds the $207,005 secured debt, so Receiver does not anticipate HHSL will claim or receive distribution from sale proceeds. HHSL supports the Purchase Agreement. — debtor: Beaverton Lumber Inc. | $207K | First Report of the Receiver dated July 30, 2015 (1 of 2) |
| 4 | Secured | The Corporation of the Township of BrockStatutory lien for unpaid property tax arrears against the Premises, ranking ahead of all other security interests. — Ranks 1st. Amount represents past arrears plus installment payments of $7,450 due July 24 and September 24, 2015 for the 2015 tax year; subject to adjustment at closing. — debtor: Beaverton Lumber Inc. · as of 24 Sep 2015 | $155K | First Report of the Receiver dated July 30, 2015 (1 of 2) |
| 4 | Secured | National Leasing Group Inc. · in 52 casesPPSA registration dated March 30, 2009 against equipment (specifically telephone system equipment). — Receiver contacted National Leasing, which advised it was no longer a creditor of Beaverton and had not been since October 2014 — registration is stale/discharged, not a current secured claim. — debtor: Beaverton Lumber Inc. | — | First Report of the Receiver dated July 30, 2015 (1 of 2) |
| 8 | Unsecured | George Tripp and the late Barbara Trippas of the date of this report (July 30, 2015) — Related parties (directors/officers of Beaverton); represents 64% of total unsecured claims filed. — debtor: Beaverton Lumber Inc. | $248K | First Report of the Receiver dated July 30, 2015 (1 of 2) |
| 8 | Unsecured | The late Tom Hawtinas of the date of this report (July 30, 2015) — Represents 21% of total unsecured claims filed; represented by Inspector Dianne Hawtin. — debtor: Beaverton Lumber Inc. | $81K | First Report of the Receiver dated July 30, 2015 (1 of 2) |
| 8 | Unsecured | Other unsecured creditors (aggregate as reported) · in 3 casesas of the date of this report (July 30, 2015) — Document does not itemize the individual creditors comprising this 15% 'Other' category; total unsecured claims filed approximate $388,000 in prose (exact figure $388,023 per the table, used as the sum of the three lines above). — debtor: Beaverton Lumber Inc. | $58.6K | First Report of the Receiver dated July 30, 2015 (1 of 2) |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This 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.
Sale closed — Since its appointment, the Receiver has closed the sale of the Premises as well as the sale of the equipment and inventory of the Company.Second Report of the Receiver dated February 26, 2016 (without… · 26 Feb 2016
| Purchaser | Price | Status | Source |
|---|---|---|---|
| referred to only as "the Purchaser" of the Premisesthe Premises · real property | $900K | Closed13 Aug 2015 | Second Report of the Receiver dated February… |
TD: paid in full.FinalSecond Report of the Receiver dated February 26, 2016 (without… · 26 Feb 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | TD | — | paid in full$644Kfinal | Finalper the receiver | Second Report of the Receiver dated February 26, 2016 (without… · 26 Feb 2016 |
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.
Cash on hand
$1.62K
As at 26 Feb 2016Second Report of the Receiver dated February 26, 2016 (without appendices)
| Date | Document | File |
|---|---|---|
Second Report of the Receiver dated February 26, 2016 (without appendices)
| ||
Motion record returnable August 12, 2015
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| Order of Justice Penny dated August 12, 2015 | ||
First Report of the Receiver dated July 30, 2015 (1 of 2)
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| First Report of the Receiver dated July 30, 2015 (2 of 2) | ||
| Notice and Statement of the Court Appointed Receiver | ||
Order of Justice McEwan dated June 17, 2015 (appointment of Receiver)
| ||
Supplementary Application record to Appoint receiver returnable June 17, 2015
| ||
Application record to Appoint Receiver returnable June 1, 2015
| ||
Service List
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Beaverton Lumber Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/beaverton-lumber-inc
Sources last checked · summary updated 11 August 2026 · Report a correction · Printed from proceedings.ca/case/beaverton-lumber-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.