Chair-Tech Inc.

Proceeding: Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
Court: Ontario Superior Court of Justice
File: CV-16-11531-00CL
Industry: Wholesale & distribution · Consumer goods import & distribution

Filings held5

Last activity15 Jan 2019

On the record3,643 days

OverviewSummary updated 21 August 2026

Chair-Tech Inc. has been in court-appointed receivership since November 14, 2016, when the Ontario Superior Court of Justice (Commercial List) acted on the application of HSBC Bank Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, appointing BDO Canada Limited receiver and manager under file CV-16-11531-00CL. The receiver puts the company's estimated property, per its books and records, at $4,273,230, comprising cash of $53,373, accounts receivable of $1,524,800, inventory of $1,233,959, prepaids and other deposits of $117,129, investments of $1,111,765 and capital assets of $232,204. Security is asserted by Cilldara Holdings Inc. at $1,355,489, HSBC Bank Canada at $239,563 and IHFC Properties, LLC at $227,715. The receivership remains active.

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Case updates5 dated entries

15 Jan 2019

#Order

Endorsement of Justice Hainey dated January 15, 2019 — Endorsement / reasons

PDF · Subscribers

15 Jan 2019

#Distribution

Order of Justice Hainey dated January 15, 2019 — Distribution order

PDF · Subscribers

4 Jan 2019

#Report

The officer filed report no. First Report. The receivership is winding down; the Receiver has completed realization of substantially all of the Debtor's assets and is finalizing tax filings and a final distribution to HSBC before seeking discharge. Court file CV-16-11531-00CL.

Source: Receivers First Report

14 Nov 2016

#Filing

Notice of Receiver and Receiver's Statement was filed.

Source: Notice of Receiver and Receiver's Statement

14 Nov 2016

#Order

Placed Chair-Tech Inc. into court-appointed receivership in Ontario under court file CV-16-11531-00CL, with BDO Canada Limited acting as receiver over the company's property.

Source: Receivership Order

Parties

Debtor

Chair-Tech Inc.

Receiver

BDO

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Hainey	Ontario Superior Court of Justice	2 orders, Jan 2019	211 cases on record

Counsel of record

Party	Counsel	First seen	Source
ReceiverBDO	BAKER & McKENZIE LLP	15 Jan 2019	Order · 15 Jan 2019

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

#	Priority class	Creditor	Amount	Source
4	Secured	Cilldara Holdings Inc.Listed by the Receiver among creditors holding security on the property. — The same party appears on Appendix “A” at $391,974.98 — recorded in both capacities as the document states them. — debtor: Chair-Tech Inc.	$1.36M	Notice of Receiver and Receiver's Statement
4	Secured
4	Secured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured

112 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs declared or paid

WEPPA claims: paid in full. HSBC Bank Canada short.FinalReceivers First Report · 4 Jan 2019

Class	Creditor	Claims	Recovery	Basis	Source
WEPPA	—		paid in full	Finalper the receiver	Receivers First Report · 4 Jan 2019
Secured	HSBC Bank Canada	—	shortfallfinal	Finalper the receiver	Receivers First Report · 4 Jan 2019

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

Total assets at filing

As at ·

Professional fees

$111K

As at 31 Dec 2018Receivers First Report

The total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents5 filings

Date	Document	File
15 Jan 2019	Endorsement of Justice Hainey dated January 15, 2019 Presiding officer Justice Hainey	PDF · Subscribers

15 Jan 2019	Order of Justice Hainey dated January 15, 2019 Counsel Baker & McKenzie LLP Presiding officer Justice Hainey	PDF · Subscribers

4 Jan 2019	Receivers First Report Applicant HSBC BANK CANADA Appointee BDO Canada Limited Appointee role receiver and manager Cash on hand Subscribers + 13 more extracted facts	PDF · Subscribers

23 Nov 2016	Notice of Receiver and Receiver's Statement Appointee BDO Canada Limited Appointee role receiver and manager Commencement date 14 November 2016 Financial position Subscribers + 4 more extracted facts	PDF · Subscribers

14 Nov 2016	Receivership Order Applicant HSBC Bank Canada Appointee BDO CANADA LIMITED Appointee role receiver and manager Commencement date 14 November 2016 + 5 more extracted facts	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., “Chair-Tech Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/chair-tech-inc

Key facts