Greyter Water Systems Inc. made an assignment for the general benefit of creditors on January 8, 2026, placing the Ontario company into bankruptcy. Its Statement of Affairs, sworn by a director as at January 6, 2026, lists total assets of $601,650.30 against total liabilities of $4,664,909.64, a deficiency of $4,063,259.34, with no preferred or priority claims. LEN FW Investor, LLC (Lennar) holds blanket security registered over substantially all assets, supporting $601,646.30 of a $2,179,281.79 claim and leaving a $1,577,635.49 unsecured deficiency. FEI Ventures, LLC (Ferguson) is listed at $2,179,281.79 entirely in the unsecured column. Equipment financiers De Lage Landen and Toyota Industries Commercial Finance Canada, and The Bank of Nova Scotia, appear at nominal $1.00 amounts, as do employee severance and shareholder loan claims.
The officer filed report no. Trustee's Preliminary Report. The Company ceased operations following its assignment for the general benefit of creditors, having terminated approximately 21 employees prior to bankruptcy, and the Trustee is now securing and realizing on its remaining assets.
Source: Trustee Preliminary Report
1 earlier update, back to 8 January 2026 — subscribers.
Debtor
Greyter Water Systems Inc.
Proposal trustee
GlassRatner
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | LEN FW Investor, LLC (Lennar)Blanket security registered against substantially all assets (asset codes 101,102,1301,1101,1106,1102,501,503,801,1001,502 - cash/deposits, accounts receivable, inventory, machinery & equipment, intangibles, vehicles, trade fixtures) — Claim bifurcated by security valuation: total claim per Statement of Affairs $2,179,281.79, of which $601,646.30 is shown as secured and $1,577,635.49 as an unsecured deficiency (also reported in unsecured_creditors). — debtor: Greyter Water Systems Inc. · as of 15 Apr 2025 | $602K | Creditor Package |
Marketed — Sale process to solicit interest in a sale or combination of sales of all or substantially all of the Company's propertyTeaser · 8 Jan 2026
Unsecured creditors: no distribution.EstimatedTrustee Preliminary Report · 27 Jan 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfallconditional | Estimatedper the trustee | Trustee Preliminary Report · 27 Jan 2026 |
| Preferred | preferred or unsecured creditors | — | no distribution | Estimatedper the trustee | Trustee Preliminary Report · 27 Jan 2026 |
| Unsecured | — | — | no distributionconditional | Estimatedper the trustee | Trustee Preliminary Report · 27 Jan 2026 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$417K
As at 27 Jan 2026Trustee Preliminary Report
| Date | Document | File |
|---|---|---|
Trustee Preliminary Report
| PDF · Subscribers | |
Certificate of Filing
| PDF · Subscribers | |
Creditor Package
| PDF · Subscribers | |
Teaser
| 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., “Greyter Water Systems Inc.” (NOI). Retrieved 20 September 2026, https://proceedings.ca/case/greyter-water-systems-inc
Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/greyter-water-systems-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.