Proceedings.

Beaverton Lumber Inc.

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-15-10798-00CL
Filings held10
Last activity26 Feb 2016
On the record4,159 days
OverviewSummary updated

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.

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Case updates9 dated entries · 1 undated
Undated filings1 — no date appears on the document · show
Parties

Debtor

File Documents

Receiver

Albert Gelman

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice McEwanOntario Superior Court of Justice1 order, Jun 201513 cases on record

Counsel of record

PartyCounselFirst seenSource
ApplicantToronto-Dominion BankLee, Bowden, Nightingale LLP—Service list
CreditorBeaverton Lumber IncHGR Graham Partners LLP—Service list
CreditorBen SmithTurner, Brooks—Service list
CreditorHome Hardware Stores LimitedGordon Alexander Mackay—Service list
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency (unremitted HST) · in 985 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.$95.2KFirst Report of the Receiver dated July 30, 2015 (1 of 2)
4Secured
4Secured
4Secured
4Secured
8Unsecured
8Unsecured
8Unsecured

7 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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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 processAs stated in the filings

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

PurchaserPriceStatusSource
referred to only as "the Purchaser" of the Premisesthe Premises · real propertySubscribersClosed13 Aug 2015Second Report of the Receiver dated February…
RecoveriesAs declared or paid

TD: paid in full.FinalSecond Report of the Receiver dated February 26, 2016 (without… · 26 Feb 2016

ClassCreditorClaimsRecoveryBasisSource
SecuredTD—paid in fullfinalFinalper the receiverSecond 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.

1 blurred figure above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Cash on hand

$1.62K

As at 26 Feb 2016Second Report of the Receiver dated February 26, 2016 (without appendices)

Documents
10 filings
DateDocumentFile
Second Report of the Receiver dated February 26, 2016 (without appendices)
  • Closing confirmed Closed · 13 Aug 2015
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Order of Justice Penny dated August 12, 2015PDF · Subscribers
Motion record returnable August 12, 2015
  • Commencement date 31 July 2015
  • Court SUPERIOR COURT OF JUSTICE COMMERCIAL LIST
  • Court file no CV-15-10798-00CL
  • Province ONTARIO
PDF · Subscribers
First Report of the Receiver dated July 30, 2015 (1 of 2)
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
First Report of the Receiver dated July 30, 2015 (2 of 2)PDF · Subscribers
Notice and Statement of the Court Appointed ReceiverPDF · Subscribers
Order of Justice McEwan dated June 17, 2015 (appointment of Receiver)
  • Applicant THE TORONTO-DOMINION BANK
  • Appointee ALBERT GELMAN INC.
  • Appointee role receiver [and manager]
  • Commencement date 17 June 2015
  • + 4 more extracted facts
PDF · Subscribers
Supplementary Application record to Appoint receiver returnable June 17, 2015
  • Court ONTARIO SUPERIOR COURT OF JUSTICE COMMERCIAL COURT
  • Court file no CV15-10978-00CL
PDF · Subscribers
Application record to Appoint Receiver returnable June 1, 2015
  • Applicant THE TORONTO-DOMINION BANK
  • Court ONTARIO SUPERIOR COURT OF JUSTICE COMMERCIAL COURT
  • Court file no CV15-10978-00CL
PDF · Subscribers
Service List
  • Counsel Gordon Alexander Mackay
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., “Beaverton Lumber Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 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.