#Order
Order of Justice Gordon Approving Amended Proposal dated March 11, 2025.pdf — Plan sanction / final order
Hancon Construction Co. Ltd.
ActiveFollow
- Proceeding
- ProposalSections 58 and 59 of the Bankruptcy and Insolvency Act
- File
- 31-2989298
- Industry
- Mining
Filings held7
Last activity11 Mar 2025
On the record1,141 days
OverviewSummary updated
Hancon Construction Co. Ltd. filed a Division I proposal under sections 58 and 59 of the Bankruptcy and Insolvency Act on September 21, 2023, with Grant Thornton Limited acting as proposal trustee in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), court file no. 31-2989298. Its sworn Statement of Affairs reported total assets of $444,724 against total liabilities of $1,478,441.16, which the Proposal Trustee viewed as reasonable and reflective of the company's financial circumstances. The Canada Revenue Agency later asserted a deemed trust claim of $2,515,371 for unpaid source deductions; the Amended Proposal, filed November 5, 2024, provides for payment of $1,750,000 toward that claim over 24 months. Two proofs of claim with voting letters, totaling $1,667,056, were reported at the November 25, 2024 creditors' meeting.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIOpen Proceedings AI
Case updates6 dated entries · 1 undated
Undated filings1 — no date appears on the document · show
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Parties
Debtor
Hancon Construction Co. Ltd.
Proposal trustee
Doane Grant Thornton
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gordon | Ontario Superior Court of Justice | 1 order, Mar 2025 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeDoane Grant Thornton | Reconstruct LLP | 19 Feb 2025 | Order · 11 Mar 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA (Canada Revenue Agency) - deemed trust claim (unpaid employee source deductions) · in 44 casesas of November 5, 2024 (Amended Proposal filing / Date of Initial Filing basis) — Deemed trust claim, ranks in priority to Company's creditors generally; classified separately as its own class under Amended Proposal (Article 3.2); Amended Proposal provides for payment of $1,750,000 towards this claim over 24 months (~69% of claim) — debtor: Hancon Construction Co. Ltd. | $2.52M | Trustee's Report on Proposal dated January 30, 2025.pdf |
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured |
6 more claims in 4 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansRecoveriesAs stated in the filings
Unsecured creditors: a distribution. CRA a distribution.Under the plan · sanctionedTrustee's Report on Proposal dated January 30, 2025.pdf · 30 Jan 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | Under the plansanctionedper the proposal trustee | Trustee's Report on Proposal dated January 30, 2025.pdf · 30 Jan 2025 | |
| Unsecured | — | — | Under the plansanctionedper the proposal trustee | Trustee's Report on Proposal dated January 30, 2025.pdf · 30 Jan 2025 |
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 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
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 plansDocuments7 filings
| Date | Document | File |
|---|---|---|
Order of Justice Gordon Approving Amended Proposal dated March 11, 2025.pdf
| PDF · Subscribers | |
Factum dated February 19, 2025.pdf
| PDF · Subscribers | |
Motion Record returnable March 11, 2025.pdf
| PDF · Subscribers | |
Trustee's Report on Proposal dated January 30, 2025.pdf
| PDF · Subscribers | |
| Amended Proposal.pdf | PDF · Subscribers | |
Instructions on How to Complete Proof of Claim.pdf
| PDF · Subscribers | |
| Proof of Claim.pdf | 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., “Hancon Construction Co. Ltd.” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/hancon-construction-co-ltd