Cooper Professional Corporation
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-23-00002368-0000
Cooper Professional Corporation was placed in court-appointed receivership on November 3, 2023 under s. 243 of the BIA and provincial Judicature Act authority, in the Ontario Superior Court of Justice under file 2368/23. The proceeding remains active. The Toronto-Dominion Bank, which holds a General Security Agreement dated December 3, 2020 perfected by PPSA registrations against the Debtor, put its indebtedness at $1,947,360.10 as of October 19, 2023, comprising an operating loan of $202,116.28, term loans of $1,397,637.03 and $201,455.29, Visa balances of $86,151.50 and a $60,000.00 CEBA loan. The Bank cited among the defaults a Canada Revenue Agency deemed-trust claim of $144,970.92 for unremitted HST, with a Requirement to Pay issued to the Bank dated October 11, 2023. James Arnold Professional Corporation, an unlimited guarantor and grantor of its own GSA, was demanded for $1,887,360.10 on October 20, 2023.
Receivership order made, commencing the court-appointed receivership of Cooper Professional Corporation in the Ontario Superior Court of Justice, two weeks after TD's demands on the Debtor and its guarantors.
Source: Receivership Appointment Order made by Justice Grace dated November 3, 2023
Application Record of The Toronto-Dominion Bank (for motion returnable November 3, 2023) was filed. Court file CV-23-00002368-0000.
Source: Application Record of The Toronto-Dominion Bank (for motion returnable November 3, 2023)
Debtor
File Documents
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Grace | Ontario Superior Court of Justice | 1 order, Nov 2023 | 5 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Harrison Pensa LLP | 3 Nov 2023 | Order · 3 Nov 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesStatutory deemed-trust claim for unremitted HST; Requirement to Pay issued to the Bank dated October 11, 2023 — Deemed trust claim (unremitted HST/RT) cited by the Bank as one of the Debtor's defaults; ranks as a quasi-governmental deemed-trust class claim. — debtor: Cooper Professional Corporation · as of 11 Oct 2023 | $145K | Application Record of The Toronto-Dominion Bank (for motion returnable November 3, 2023) |
| 4 | Secured | |||
| 4 | Secured |
2 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured 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.
| Date | Document | File |
|---|---|---|
| Notice of Receiver (dated November 10, 2023) | PDF · Subscribers | |
| Endorsement of Justice Grace dated November 3, 2023 | PDF · Subscribers | |
Receivership Appointment Order made by Justice Grace dated November 3, 2023
| PDF · Subscribers | |
Application Record of The Toronto-Dominion Bank (for motion returnable November 3, 2023)
| 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., “Cooper Professional Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/cooper-professional-corporation