Proceedings.

Cutler Forest Products Inc.

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Proceeding
Receivership (court-appointed)Section 101 of the Courts of Justice Act, RSO 1990, c C43, as amended, and Section 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c B3, as amended
File
CV-22-00684833-00CL
Filings held17
Last activity20 Jun 2024
On the record1,509 days
Secured debtSubscribers
OverviewSummary updated

Cutler Forest Products Inc. is in court-appointed receivership. On August 4, 2022, the Ontario Superior Court of Justice appointed The Fuller Landau Group Inc. as receiver under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of the Royal Bank of Canada (court file CV-22-00684833-00CL). RBC holds a first-ranking secured claim of CAD 4,372,010, ahead of Husky International at CAD 2,093,365 and the related Cutler Hometech Holdings Inc. at CAD 2,719,210. Unsecured creditors were reported at a total of CAD 5,395,558.12. The receivership is active.

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Case updates18 dated entries
#Report

The officer filed report no. Third Report. Cutler ceased operations upon the receivership, with all approximately 138 employees terminated; the Receiver completed the sale of substantially all assets, collected outstanding accounts receivable and Paccar vehicle sale proceeds, and is now finalizing administrative wind-up matters (HST filings and distributions) before seeking its discharge.

Source: Third Report of the Receiver - 20-JUNE-2024

15 earlier updates, back to 4 August 2022 subscribers.

Parties

Debtor

Cutler Forest Products Inc.

Receiver

Fuller Landau

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice PennyOntario Superior Court of Justice2 orders, Dec 2022179 cases on record
Justice KimmelOntario Superior Court of Justice2 orders, Oct 2022182 cases on record
Justice DietrichOntario Superior Court of Justice2 orders, Aug 2022109 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverFuller LandauHarrison Pensa LLP4 Aug 2022Service list · 4 Aug 2022
ApplicantBorden Ladner Gervais LLP4 Aug 2022Order · 4 Aug 2022
DebtorCutler Forest Products Inc.Aird & Berlis LLP4 Aug 2022Service list · 4 Aug 2022
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredRoyal Bank of Canada (RBC) · in 556 cases1st ranking General Security Agreement, Section 427 Bank Act Security, Assignment of Policies — Amount owing as of August 2, 2022, per document; document title states 'as at August 4, 2022' generally but this figure carries its own date — debtor: Cutler Forest Products Inc. · as of 2 Aug 2022$4.37M245 Notice and Statement of Receiver

11 more claims across lower-ranking classes

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Sale processAs stated in the filings

2 transactions · 2 closedSale Transaction with Infinity closed and Paccar Vehicles sold at auctionThird Report of the Receiver - 20-JUNE-2024 · 20 Jun 2024

PurchaserPriceStatusSource
Infinity Asset Solutions Inc.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 4 Oct 2022SubscribersClosed26 Oct 2022Third Report of the Receiver - 20-JUNE-2024
end purchasers at Infinity's online public auction of the Paccar Vehiclesthe Paccar Vehicles · auctionSubscribersClosed3 Apr 2024Third Report of the Receiver - 20-JUNE-2024
AdvisorsInfinity Asset Solutions Inc. (auctioneer)Third Report of the Receiver - 20-JUNE-2024
Closing termsVesting occurs upon delivery of the Receiver's Certificate confirming payment of the Purchase Price and satisfaction of closing conditionsApproval and Vesting Order of Justice Kimmel
RecoveriesAs stated in the filings

Secured creditors: no distribution. Service Canada a distribution.EstimatedThird Report of the Receiver - 20-JUNE-2024 · 20 Jun 2024

ClassCreditorClaimsRecoveryBasisSource
WEPPAService Canadaa distributionEstimatedper the receiverThird Report of the Receiver - 20-JUNE-2024 · 20 Jun 2024
Securedother creditors of Cutler, including other secured creditorsno distributionEstimatedper the receiverThird Report of the Receiver - 20-JUNE-2024 · 20 Jun 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.

2 stated figures across 2 outcomes, each sourced

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Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Professional fees to date

$168K

As at 20 Jun 2024Third Report of the Receiver - 20-JUNE-2024

Documents
17 filings
DateDocumentFile
Motion Record - Receiver - The Fuller Landau Group Inc. - 20-JUN-2024PDF · Subscribers
Third Report of the Receiver - 20-JUNE-2024
  • Closing confirmed Closed · 26 Oct 2022 · Infinity Asset Solutions Inc.; Closed · 3 Apr 2024
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Endorsement of Justice Penny
  • Presiding officer Justice Penny
PDF · Subscribers
Order of Justice Penny
  • Counsel Harrison Pensa LLP
  • Presiding officer Justice Penny
PDF · Subscribers
Factum of the Receiver
  • Counsel Harrison Pensa LLP
PDF · Subscribers
Motion Record of Paccar
  • Applicant ROYAL BANK OF CANADA
  • Commencement date 14 November 2022
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-22-00684833-00CL
  • + 1 more extracted fact
PDF · Subscribers
Motion Record of the ReceiverPDF · Subscribers
Ancillary Order of Justice Kimmel
  • Presiding officer Justice Kimmel
PDF · Subscribers
Approval and Vesting Order of Justice Kimmel
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate confirming payment of the Purchase Price and satisfaction of closing conditions
  • Order date 12 October 2022
  • Purchaser Infinity Asset Solutions Inc. · the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement of Justice Kimmel
  • Presiding officer Justice Kimmel
PDF · Subscribers
245 Notice and Statement of Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Appointment Order
  • Applicant ROYAL BANK OF CANADA
  • Appointee The Fuller Landau Group Inc.
  • Appointee role receiver
  • Commencement date 4 August 2022
  • + 6 more extracted facts
PDF · Subscribers
Endorsement of Justice Dietrich
  • Presiding officer Justice Dietrich
PDF · Subscribers
Service List - as of August 4 2022
  • Counsel Aird & Berlis LLP
PDF · Subscribers
Application Record
  • Applicant ROYAL BANK OF CANADA
  • Appointee Fuller Landau
  • Appointee role Receiver
  • Commencement date 2 August 2022
  • + 4 more extracted facts
PDF · Subscribers
Book of Authorities - Applicant - RBCPDF · Subscribers
Factum - Applicant - RBCPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Cutler Forest Products Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/cutler-forest-products-inc

Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/cutler-forest-products-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.