#Claims
Enermotion filed an assignment in bankruptcy, placing the company's estate under the administration of MNP Ltd. as Licensed Insolvency Trustee in Ontario.
Source: Notice to Creditors dated
Enermotion INC.
FollowActive
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 32-3064701
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
Court officer report filed on the commencement date, fixing the start of the proceeding at April 5, 2024 at 15:56, under Ontario court file 32-3064701.
Source: Certificate of Appointment dated
#Report
A second court officer report was filed the same day; the record supplies no further detail of its contents.
Source: Preliminary Report
Parties
Debtor
Enermotion INC.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| 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 |
RecoveriesAs stated in the filings
Unsecured 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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents3 filings
| 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 20 September 2026, https://proceedings.ca/case/enermotion-inc