Betz Cut Stone Ltd. was placed in receivership on 13 May 2020, when the Ontario Superior Court of Justice appointed Goldhar & Associates Ltd. as receiver and manager, on the application of 2737426 Ontario Ltd., under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act (court file CV-20-00639927-00CL). 2737426 Ontario Ltd. held a secured claim of $848,234 under a general security agreement. The company's unaudited book values, as at 30 November 2019, recorded assets of $1,255,873, including inventory of $705,249 and property, plant and equipment of $277,827. The proceeding remains active.
The officer filed report no. Second Interim Report of Receiver. The Receiver has sold substantially all of the Debtor's assets and continues to administer the receivership, including creditor claims, while awaiting completion of an ongoing CRA audit that makes the timing of the receivership's conclusion undeterminable.
Source: Second Interim Report
The court granted an approval and vesting order for the sale to Richie Bros. Auctioneers (Canada) Ltd. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of purchase price and satisfaction of conditions.
Source: Asset and Vesting Order
The Ontario Superior Court of Justice made the receivership order on 13 May 2020, appointing Goldhar & Associates Ltd. as receiver and manager.
Source: Signed Receivership Order
Debtor
Betz Cut Stone Ltd.
Receiver
Goldhar & Associates
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | 2737426 Ontario Ltd.General Security Agreement — debtor: Betz Cut Stone Limited | $848K | Notice and Statement of Receiver |
Sale approvedAsset and Vesting Order · 13 May 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Richie Bros. Auctioneers (Canada) Ltd.the assets described in the Sale Agreement (the "Purchased Assets") · auction · agreement 7 May 2020 | not stated | Approved13 May 2020 | Asset and Vesting Order |
Unsecured creditors: no distribution. 2737426 Ontario Limited short.EstimatedSecond Interim Report · 28 Jul 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | 2737426 Ontario Limited | short by | Estimatedper the receiver | Second Interim Report · 28 Jul 2021 | |
| Unsecured | — | — | no distribution | Estimatedper the receiver | Second Interim Report · 28 Jul 2021 |
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.
2 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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Cumulative receipts
$792K
As at 28 Jul 2021Second Interim Report
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Second Interim Report
| PDF · Subscribers | |
Certificate of Filing
| PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Pre-filing Report of Receiver
| PDF · Subscribers | |
Asset and Vesting Order
| PDF · Subscribers | |
Signed Receivership Order
| 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., “Betz Cut Stone Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/betz-cut-stone-ltd
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/betz-cut-stone-ltd
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.