Enermotion INC.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 32-3064701
- Industry
- Manufacturing · Vehicles, parts & aerospace
Enermotion Inc. filed an assignment in bankruptcy on April 5, 2024, under the Bankruptcy and Insolvency Act in Ontario, with MNP Ltd. acting as Licensed Insolvency Trustee under estate file no. 32-3064701. The sworn Statement of Affairs shows total assets of $63,993 against total liabilities of $1,012,673, with unsecured liabilities reported at $1,012,672. Secured claims were listed at a nominal $1, and a PPSA search dated March 13, 2024 turned up no registrations in favour of secured creditors. That includes debt of up to $1 million owed to Linamar Corporation under a Development Services and Exclusive Supply Agreement, intended to be secured against Enermotion's intellectual property but treated as unsecured absent registration. Claims filed and admitted for voting purposes only as of 5:00 p.m. EDT on April 24, 2024 totalled $25,000, all unsecured, with nil preferred and contingent claims. The estate remains active.
Certificate of Appointment dated was filed. Court file 32-3064701.
Source: Certificate of Appointment dated
Debtor
Enermotion INC.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Linamar CorporationOther - Intellectual Property; security given 26-Oct-2015; estimated value of security $1.00 — List B secured creditor (Development Assistance). Amount of claim $869,387.00 but estimated value of security only $1.00, so the claim is bifurcated by security valuation: only $1.00 ranks secured ('Secured creditors as per list B' = $1.00 on the summary), and the unsecured shortfall of $869,386.00 is carried into List A as balance of secured claims (see corresponding unsecured entry). Amounts as at date of bankruptcy 05-Apr-2024. — debtor: Enermotion INC. · as of 5 Apr 2024 | $869K | Notice to Creditors dated |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
6 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: not yet estimated.Preliminary Report · 24 Apr 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | Preliminary Report · 24 Apr 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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Preliminary Report
| PDF · Subscribers | |
Notice to Creditors dated
| PDF · Subscribers | |
Certificate of Appointment dated
| 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., “Enermotion INC.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/enermotion-inc