#Order
Order and Endorsement of Justice Wilton-Siegel dated February 21, 2013 — Endorsement / reasons
Cantar Pool Products Limited/Produits de Piscines Cantar Limitee
ActiveFollow
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- 06-CL-6690
- Industry
- Manufacturing
Filings held24
Last activity21 Feb 2013
On the record7,324 days
OverviewSummary updated
Cantar Pool Products Limited/Produits de Piscines Cantar Limitée commenced proceedings under the Companies' Creditors Arrangement Act on October 17, 2006 before the Ontario Superior Court of Justice, Commercial List, under court file 06-CL-6690, with A. Farber & Partners Inc. appointed as Monitor. La Salle Business Credit, a division of ABN Amro Bank N.V. Canada branch, is the company's primary secured lender, holding first-ranking security over all of Cantar's assets in Ontario and Quebec; independent legal counsel has confirmed that security is valid and enforceable. Plan negotiations contemplate La Salle releasing its security over certain retained assets. The proceedings remain active.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Per the Cantar Claims Procedure Order November 16 2006 dated 16 November 2006.
Proceedings AIOpen Proceedings AI
Case updates24 dated entries
#Report
The officer filed report no. Sixth Report. The Applicant is a dissolved corporation with no directors, officers or ongoing business operations; the Monitor is administering discharge of a mortgage and seeking court direction on distributing the proceeds to creditors or the Crown.
Source: Sixth Report dated January 24, 2013 (w/o appendices)
#Report
The officer filed report no. Fifth Report. The Applicant's Plan was implemented in 2007 and only final steps remain: collecting and distributing the matured VTB Mortgage funds to creditors with Larger Claims. The Applicant has no remaining directors or officers and was dissolved under the OBCA, so the Monitor seeks court authority to complete the distribution and then be discharged.
#Order
Court Sanction Order dated January 18, 2007 approving the CCAA Plan — Plan sanction / final order
#Report
The officer filed report no. Fourth Report of the Monitor. Cantar has sold its Pool Equipment and Above Ground Pool divisions and its Toronto property, paid down the LaSalle Minimum Amount in full by November 17, 2006, and is winding down while collecting remaining receivables; the creditors approved the Plan at the January 12 meeting and the Monitor recommends sanction and a stay extension.
#Filing
Amended Plan of Compromise or Arrangement dated November 23, 2006 — Plan of arrangement / compromise
#Filing
Supplemental Motion Record re Sanction Hearing returnable January 18, 2007 — Application / notice of application
#Report
The officer filed report no. Third Report. Cantar is conducting an orderly wind-down of its business and realizing assets, having closed sales of its Pool Equipment division, residual Above Ground Pool assets and the Toronto property, and is collecting receivables while the LaSalle Minimum Amount has been paid down to about US$498,000.
#Sale
The court granted an approval and vesting order for the sale to Strathallen Acquisitions Inc. Closing terms, as extracted: Vesting effective upon filing of the Applicant's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions.
Source: Approval and Vesting Order
#Report
The officer filed report no. 2nd Report. The Monitor reports on a proposed sale of the 330 Humberline Drive property, held by subsidiary Faircove and subject to La Salle's first-ranking $10.5 million charge, as part of a realization strategy to improve recovery for unsecured creditors compared with bankruptcy. The Monitor considers the marketing process extensive and the price commercially reasonable.
Source: Second Report October 18 2006
#Sale
The court granted an approval and vesting order for the sale to 6626271 Canada Inc. Closing terms, as extracted: Vesting effective upon filing of Applicant's Certificate confirming payment of Purchase Price to LaSalle and satisfaction/waiver of closing conditions.
Source: First Approval and Vesting Order
#Sale
The court granted an approval and vesting order for the sale to Northern Lights Recreation Co. Closing terms, as extracted: Vesting effective upon filing of Applicant's Certificate confirming payment of Purchase Price to LaSalle and satisfaction of closing conditions.
#Order
Initial order granted, placing the company under CCAA protection in the Ontario Superior Court of Justice, Commercial List, court file 06-CL-6690.
Source: Initial Order
Parties
Debtor
Cantar Pool Products Limited/Produits de Piscines Cantar Limitee
Monitor
A. Farber & Partners
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | La Salle Business Credit, a division of ABN Amro Bank N.V. Canada branchFirst-ranking security over all of the assets of Cantar in Ontario and Quebec — Described as the primary secured lender; independent legal counsel confirmed security is valid and enforceable. Plan negotiations contemplate La Salle releasing its security over certain retained assets; no balance stated. — debtor: Cantar Pool Products Limited/Produits De Piscines Cantar Limitée | — | First Report October 16 2006 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
7 transactions · 7 closed — Three separate transactions representing a key part of the realization program have been approved and closed.Fifth Report dated December 9, 2011 – Part 1 of 2 · 9 Dec 2011
| Purchaser | Price | Status | Source |
|---|---|---|---|
| unnamedthe Above Ground Pool and Pool Accessories divisions | not stated | Closeddate not stated | First Report October 16 2006 |
| 6626271 Canada Inc.Purchased Assets · asset sale · agreement 28 Sep 2006 | Subscribers | Closed18 Oct 2006 | Fifth Report dated December 9, 2011 – Part 1 of… |
| Northern Lights Recreation Co.certain "Assets" as defined in an asset purchase agreement · asset sale | Subscribers | Closed18 Oct 2006 | Fifth Report dated December 9, 2011 – Part 1 of… |
| Strathallen Acquisitions Inc.the property known municipally as 330 Humberline Drive, Toronto, Ontario · real property · nominee/assignee: its Intended Assignees · agreement 8 Dec 2005 | Subscribers | Closed24 Oct 2006 | Fifth Report dated December 9, 2011 – Part 1 of… |
| 662671 Canada Inc.the assets of the third division, the Pool Equipment division · asset sale · agreement 28 Sep 2006 | Subscribers | Closed18 Oct 2006 | Third Report of the Monitor November 10 2006 |
| Northern Light Recreation Coresidual equipment in the Above Ground Pool division · asset sale | Subscribers | Closed18 Oct 2006 | Third Report of the Monitor November 10 2006 |
| purchaser of the Pool Equipment Assets, referred to only as '662'the Applicant's assets relating to the Applicant's Pool Equipment Division · asset sale | not stated | Closed | Sixth Report dated January 24, 2013 (w/o… |
AdvisorsProwis Inc. (financial advisor)First Report October 16 2006
Closing termsVesting effective upon filing of the Applicant's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditionsApproval and Vesting Order
RecoveriesAs stated in the filings
Unsecured creditors: a distribution.Under the plan · sanctionedSixth Report dated January 24, 2013 (w/o appendices) · 24 Jan 2013
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Affected Creditors with Smaller Claims | — | Under the plansanctionedper the monitor | Sixth Report dated January 24, 2013 (w/o appendices) · 24 Jan 2013 |
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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See all plansFees and ratesAs stated in the filings
2 engagements · 2 firms — latest: A. Farber & Partners Inc.Fifth Report dated December 9, 2011 – Part 2 of 2 · 9 Dec 2011
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| A. Farber & Partners Inc.Monitor | — | — | — | Fifth Report dated December 9, 2011 – Part 2 of 2 · 9 Dec 2011 | |
| Aird & Berlis LLPCounsel | — | — | — | Fifth Report dated December 9, 2011 – Part 2 of 2 · 9 Dec 2011 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Cumulative receipts
$8.48M USD
As at 10 Nov 2006Third Report of the Monitor November 10 2006
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plansDocuments
24 filings
| Date | Document | File |
|---|---|---|
Order and Endorsement of Justice Wilton-Siegel dated February 21, 2013
| PDF · Subscribers | |
| Motion Record returnable February 21, 2013 | PDF · Subscribers | |
Sixth Report dated January 24, 2013 (w/o appendices)
| PDF · Subscribers | |
Endorsement of Justice Morawetz dated January 25, 2012
| PDF · Subscribers | |
Order of Justice Morawetz dated January 25, 2012
| PDF · Subscribers | |
Fifth Report dated December 9, 2011 – Part 1 of 2
| PDF · Subscribers | |
Fifth Report dated December 9, 2011 – Part 2 of 2
| PDF · Subscribers | |
Notice to Creditors February 5, 2007
| PDF · Subscribers | |
Court Sanction Order dated January 18, 2007 approving the CCAA Plan
| PDF · Subscribers | |
Fourth Report dated January 16, 2007
| PDF · Subscribers | |
Motion for Sanction Order returnable January 18, 2007
| PDF · Subscribers | |
Amended Plan of Compromise or Arrangement dated November 23, 2006
| PDF · Subscribers | |
Supplemental Motion Record re Sanction Hearing returnable January 18, 2007
| PDF · Subscribers | |
| Cantar Claims Motion Record November 16 2006 | PDF · Subscribers | |
| Cantar Claims Procedure Order November 16 2006 | PDF · Subscribers | |
| Cantar Stay Extension Order November 16 2006 | PDF · Subscribers | |
Third Report of the Monitor November 10 2006
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Second Report October 18 2006
| PDF · Subscribers | |
First Approval and Vesting Order
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Second Approval and Vesting Order
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
First Report October 16 2006
| 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., “Cantar Pool Products Limited/Produits de Piscines Cantar Limitee” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/cantar-pool-products-limited-produits-de-piscines-cantar-limitee