Better Image Collision Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-22-00078960-0000
Better Image Collision Inc. remains in court-appointed receivership in Ontario, with BDO Canada Limited acting as Receiver on the application of Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding, commenced April 28, 2023 in the Ontario Superior Court of Justice under court file CV-22-00078960-0000, is active. Secured and priority claims recorded as at the receivership order date of October 6, 2022 include Royal Bank of Canada at $742,709.22, Venture Niagara/Enterprise Community at $190,481.02, The Business Development Bank of Canada at $180,170.00, Canada Revenue Agency at $167,171.43 in the deemed trust class, City of St. Catharines municipal taxes at $62,520.58, and a claim of Akzo Nobel Coatings Ltd. in an unknown amount. Schedule A to the Notice of Receiver lists unsecured claims ranging from $24.20 to $23,230.66.
The court granted an approval and vesting order for the sale to 179 Church Street Holdings Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of Closing conditions.
Source: Approval and Vesting Order of Justice Sheard - 16-MAY-2023
Application filed April 28, 2023 in the Ontario Superior Court of Justice, opening court file CV-22-00078960-0000 and starting the receivership proceeding against the company.
Source: Motion Record
Debtor
Better Image Collision Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Sheard | Ontario Superior Court of Justice | 3 orders, May 2023 | 16 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Harrison Pensa LLP | 16 May 2023 | Order · 16 May 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesas of receivership order date (October 6, 2022) — listed among secured/priority creditors; deemed trust class — debtor: Better Image Collision Inc. | $167K | Notice of Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
36 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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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.
Sale approvedApproval and Vesting Order of Justice Sheard - 16-MAY-2023 · 16 May 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 179 Church Street Holdings Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 1 Mar 2023 | not stated | Approved16 May 2023 | Approval and Vesting Order of Justice Sheard -… |
Secured creditors: paid in full. Canada Revenue Agency a distribution · Akzo Nobel Coatings Ltd. a distribution · BDC a distribution.FinalMotion Record - Receiver · 7 Oct 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustCRA (priority claim - employee source deductions) | Canada Revenue Agency | — | per the receiver | Motion Record · 27 Apr 2023 | |
| Secured | — | — | paid in fullinterimcumulative | Finalper the receiver | Motion Record - Receiver · 7 Oct 2026 |
| Secured | Akzo Nobel Coatings Ltd. | — | conditional | per the receiver | Motion Record · 27 Apr 2023 |
| Secured | BDC | — | conditional | per the receiver | Motion Record · 27 Apr 2023 |
| Secured | RBC | — | conditional | per the receiver | Motion Record · 27 Apr 2023 |
| Secured | Venture Niagara | — | conditional | per the receiver | Motion Record · 27 Apr 2023 |
| Preferred | City of St. Catharines | — | conditional | per the receiver | Motion Record · 27 Apr 2023 |
| UnsecuredCRA (priority claim - GST/HST) | Canada Revenue Agency | — | per the receiver | Motion Record · 27 Apr 2023 |
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.
8 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans2 engagements · 2 firms — latest: Harrison Pensa LLP, 17 May 2022 – 24 Apr 2023, incl. taxMotion Record · 28 Apr 2023
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedReceiver | 3 May 2022 – 31 Mar 2023 | Motion Record · 28 Apr 2023 | |||
| Harrison Pensa LLPCounsel | 17 May 2022 – 24 Apr 2023 | Motion Record · 28 Apr 2023 |
6 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Book of Authorities - Receiver | PDF · Subscribers | |
Factum - Receiver
| PDF · Subscribers | |
Motion Confirmation - Receiver
| PDF · Subscribers | |
Motion Record - Receiver
| PDF · Subscribers | |
Ancillary Order of Justice Sheard - 16-MAY-2023
| PDF · Subscribers | |
Approval and Vesting Order of Justice Sheard - 16-MAY-2023
| PDF · Subscribers | |
Endorsement of Justice Sheard - 16-MAY-2023
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Notice of Receiver
| PDF · Subscribers | |
Ancillary Order - Better Image Collison Inc.
| PDF · Subscribers | |
Appointment Order - Better Image Collision Inc.
| 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., “Better Image Collision Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/better-image-collision-inc