#Order
Interim order granted on the application of Trinity Plastics Products Inc., commencing the receivership and placing Custom Co-Ex Technologies Inc. under BDO Canada Limited as receiver and manager.
Custom Co-Ex Technologies Inc. – Court-appointed Receivership
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- Proceeding
- Receivership (court-appointed)SUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c.B-3, AS AMENDED, AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, c.C.43, AS AMENDED
- File
- CV-20-00642816-00CL
OverviewSummary updated
Custom Co-Ex Technologies Inc. has been under court-appointed receivership since December 16, 2020, when the Ontario Superior Court of Justice (Commercial List) appointed BDO Canada Limited receiver and manager of the company under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The application was brought by Trinity Plastics Products Inc., a related party and secured lender, which is owed $1,751,648.35 as of November 30, 2020 under a general security agreement securing a loan originally advanced in approximately $1.5 million in September 2018. TD Equipment Finance Canada, a division of The Toronto-Dominion Bank, holds security over specific equipment under finance loan agreements and is owed $344,906.60 as of November 26, 2020. Both securities have been opined valid and enforceable under the PPSA. The receivership remains active.
Proceedings AIOpen Proceedings AI
Case updates5 dated entries
Parties
Debtor
Custom Co-Ex Technologies Inc. – Court-appointed Receivership
Receiver
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Dec 2020 | 94 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Chaitons LLP | 16 Dec 2020 | Order · 16 Dec 2020 |
| Applicant | Chaitons LLP | 24 Jun 2020 | Order · 24 Jun 2020 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Trinity Plastics Products Inc.General security agreement securing Trinity Loan (original advance approximately $1.5 million, September 2018) — Related party (secured lender who obtained receivership appointment); amount per Trinity Payout Statement dated November 30, 2020, including costs and interest; R&A Opinion confirms valid and enforceable PPSA security — debtor: Custom Co-Ex Technologies Inc. · as of 30 Nov 2020 | $1.75M | CCX- Motion Record |
| Secured |
1 more claim in 1 class The stack holds 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.
Sale processPer the transactions
Sale approvedApproval and Vesting Order- Sale of Asset · 16 Dec 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| PackRite Solutions Corp.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 30 Nov 2020 | not stated | Approved16 Dec 2020 | Approval and Vesting Order- Sale of Asset |
Closing termsVesting effective upon delivery of the Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditionsApproval and Vesting Order- Sale of Asset
RecoveriesAs stated in the filings
Secured creditors: paid in full. TD Bank paid in full · Trinity paid in full.EstimatedCCX- Motion Record · 3 Dec 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | paid in full | Estimatedper the receiver | CCX- Motion Record · 3 Dec 2020 |
| Secured | TD Bank | — | paid in full | Estimatedper the receiver | CCX- Motion Record · 3 Dec 2020 |
| Secured | Trinity | — | paid in full | Estimatedper the receiver | CCX- Motion Record · 3 Dec 2020 |
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.
Fees and ratesAs stated in the filings
7 engagements · 2 firms — latest: BDO Canada Limited, 1 Aug – 30 Nov 2020, in feesCCX- Motion Record · 16 Dec 2020
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BDO Canada LimitedReceiverperiod 2 of 2 | 1 Aug – 30 Nov 2020 | 10 people | CCX- Motion Record · 16 Dec 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 people — BDO Canada Limited, 1 Aug – 30 Nov 2020 · 34 blurred figures
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| BDO Canada LimitedReceiverperiod 1 of 2 | 18 Jun – 31 Jul 2020 | 7 people | CCX- Motion Record · 16 Dec 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 people — BDO Canada Limited, 18 Jun – 31 Jul 2020 · 25 blurred figures
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| Chaitons LLPCounsel to the receiverperiod 5 of 5 | to 30 Nov 2020 | 2 people | CCX- Motion Record · 16 Dec 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Chaitons LLPCounsel to the receiverperiod 4 of 5 | to 30 Sep 2020 | 2 people | CCX- Motion Record · 16 Dec 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Chaitons LLPCounsel to the receiverperiod 3 of 5 | to 31 Aug 2020 | 2 people | CCX- Motion Record · 16 Dec 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Chaitons LLPCounsel to the receiverperiod 2 of 5 | to 18 Jul 2020 | 3 people | CCX- Motion Record · 16 Dec 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Chaitons LLPCounsel to the receiverperiod 1 of 5 | — | 3 people | CCX- Motion Record · 16 Dec 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
116 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansDocuments5 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order- Sale of Asset
| PDF · Subscribers | |
CCX- Motion Record
| PDF · Subscribers | |
Order December 16, 2020- General Relief
| PDF · Subscribers | |
Application Record (Jun 25 2020) FINAL
| PDF · Subscribers | |
Appointment 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., “Custom Co-Ex Technologies Inc. – Court-appointed Receivership” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/custom-co-ex-technologies-inc-court-appointed-receivership