Cornwall Volkswagen
Follow- Proceeding
- Proposalsubsection 50.4(1) of the Act
- File
- BK-23-03025642-0033
Cornwall Volkswagen — the dealership operated through OEM Automotive Cornwall Inc., together with OEM Automotive Solutions Inc. and OEM Automotive Holdings Inc. — is in Division I proposal proceedings under the Bankruptcy and Insolvency Act before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), under court file numbers BK-23-03025642-0033 and BK-33-03025642. BDO Canada Limited is the Licensed Insolvency Trustee. The list of creditors with claims of $250 or more attached to the notice of intention records unsecured claims against OEM Automotive Cornwall Inc. led by Glenn Joseph Macdonell at $1,000,000, 11678833 Canada Inc. and Christina Grant at $882,000 each, and the Bank of Montreal at $492,547.28, with $250 claims each from the Workplace Safety and Insurance Board, the Ontario Ministry of Finance and the Canada Revenue Agency. The proceedings remain active.
26 earlier updates, back to 22 December 2023 — subscribers.
Undated filings2 — no date appears on the document · show
2 filings carry no date on their face — subscribers.
Debtor
Cornwall Volkswagen
Proposal trustee
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Associate Judge MacLeod | Ontario Superior Court of Justice | 3 orders, May 2024 | 18 cases on record |
| Justice Kershman | Ontario Superior Court of Justice | 2 orders, Apr 2024 | 15 cases on record |
| Justice Bell | Ontario Superior Court of Justice | 2 orders, Feb 2024 | 7 cases on record |
| Justice Kaufman | Ontario Superior Court of Justice | 2 orders, Jan 2024 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorOEM Automotive Cornwall Inc | Loopstra Nixon LLP | 17 Jan 2024 | Endorsement · 17 Jan 2024 |
| CreditorOem Automotive Cornwall Inc., OEM Automotive Holdings Inc | Loopstra Nixon LLP | 27 Feb 2024 | Order · 27 Feb 2024 |
| CreditorVgca | Borden Ladner Gervais LLP | 10 Jan 2024 | Application · 10 Jan 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Glenn Joseph Macdonellas of NOI filing date — debtor: OEM Automotive Cornwall Inc. | $1M | OEM Automotive Cornwall NOI Package |
2 transactions · 2 approved — The Proposal Trustee is satisfied that the SISP was one with integrity and was a commercially reasonable, fair and open processThird Report of the Proposal Trustee · 27 Mar 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Mark Motors of Ottawa (1987) Limitedthe Debtors' right, title and interest in and to the property described as the "Purchased Assets" (excluding the Real Property) in the Sale Agreement (the "Business Assets") · asset sale · agreement 27 Mar 2024 | Subscribers | Approved3 Apr 2024 | Approval and Vesting Order of Justice Kershman… |
| Mrak Holdings Inc.the Debtors' right, title and interest in and to the property described as the "Real Property" in the Sale Agreement (the "Real Property") · real property · agreement 27 Mar 2024 | Sealed | Approved3 Apr 2024 | Approval and Vesting Order of Justice Kershman… |
Secured creditors: shortfall. Bank of Montreal (BMO) paid in full · GrantCo a distribution.EstimatedMotion Record May 23, 2024 Volume 1 of 2 · 22 May 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | the Companies' Secured Creditors | — | shortfall | Estimatedper the proposal trustee | Motion Record May 23, 2024 Volume 1 of 2 · 22 May 2024 |
| Secured | Bank of Montreal (BMO) | — | paid in full | Under the planper the proposal trustee | Motion Record May 23, 2024 Volume 1 of 2 · 22 May 2024 |
| Secured | Christina Grant, 1921534 Ontario Ltd. (192), Seaway Toyota (1990) Inc. and/or 11678833 Canada Inc. (GrantCo) | — | a distributioninterimconditional | Finalper the proposal trustee | Interim Distribution Order of Justice MacLeod May 28, 2024 · 28 May 2024 |
| Secured | Glenn Joseph MacDonell (MacDonell) | — | paid in full | Under the planper the proposal trustee | Motion Record May 23, 2024 Volume 1 of 2 · 22 May 2024 |
| Secured | GrantCo | — | a distributionconditional | Under the planper the proposal trustee | Motion Record May 23, 2024 Volume 1 of 2 · 22 May 2024 |
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 engagement · 1 firm — BDO Canada Limited, 20 Jan – 22 Mar 2024Third Report of the Proposal Trustee · 27 Mar 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedProposal trustee | 20 Jan – 22 Mar 2024 | — | — | — | Third Report of the Proposal Trustee · 27 Mar 2024 |
| Date | Document | File |
|---|---|---|
Ancillary Order of Justice MacLeod May 28, 2024
| PDF · Subscribers | |
Endorsement of Justice MacLeod May 28, 2024
| PDF · Subscribers | |
Interim Distribution Order of Justice MacLeod May 28, 2024
| PDF · Subscribers | |
Motion Record May 23, 2024 Volume 1 of 2
| PDF · Subscribers | |
Motion Record May 23, 2024 Volume 2 of 2
| PDF · Subscribers | |
| Fourth Report of the Proposal Trustee | PDF · Subscribers | |
Ancillary Order of Justice Kershman April 3, 2024
| PDF · Subscribers | |
Approval and Vesting Order of Justice Kershman April 3, 2024
| PDF · Subscribers | |
Endorsement of Justice Kershman April 3, 2024
| PDF · Subscribers | |
Motion Record March 27, 2024
| PDF · Subscribers | |
Third Report of the Proposal Trustee
| PDF · Subscribers | |
Endorsement of Ryan Bell J February 27, 2024
| PDF · Subscribers | |
Order of Ryan Bell J February 27, 2024
| PDF · Subscribers | |
Motion Record February 21, 2024
| PDF · Subscribers | |
| Second Report of the Proposal Trustee | PDF · Subscribers | |
Endorsement of Kaufman J re OEM Initial NOI Relief
| PDF · Subscribers | |
Order of Kaufman J re OEM Initial NOI Relief
| PDF · Subscribers | |
| First Report of the Proposal Trustee | PDF · Subscribers | |
Confirmation of Motion
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
| OEM Automotive Cornwall Certificate of Filing NOI | PDF · Subscribers | |
| OEM Automotive Cornwall Letter to Creditors - NOI | PDF · Subscribers | |
| OEM Automotive Holdings Certificate of Filing NOI | PDF · Subscribers | |
| OEM Automotive Holdings Letter to Creditors - NOI | PDF · Subscribers | |
| OEM Automotive Solutions Certificate of Filing NOI | PDF · Subscribers | |
| OEM Automotive Solutions Letter to Creditors - NOI | PDF · Subscribers | |
OEM Automotive Cornwall NOI Package
| PDF · Subscribers | |
| OEM Automotive Holdings NOI Package | PDF · Subscribers | |
OEM Automotive Solutions NOI Package
| PDF · Subscribers | |
| Teaser - English | PDF · Subscribers | |
| Teaser - Français | 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., “Cornwall Volkswagen” (Proposal), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/cornwall-volkswagen