#Order
The court made the receivership order over Hayes Timber Inc. and Hayes Timber Mill Ltd. on Wednesday, October 29, 2025.
Hayes Timber Inc. & Hayes Timber Mill Ltd.
FollowActive
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00000124-0000
Filings held3
Last activity29 Oct 2025
On the record476 days
Secured debt$3.47M
OverviewSummary updated
Hayes Timber Inc. and Hayes Timber Mill Ltd. are in a court-appointed receivership in the Ontario Superior Court of Justice, court file no. CV-25-00000124-0000, before Justice Lemay. Royal Bank of Canada applied under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, with its notice of application dated June 2, 2025, and a receivership order made Wednesday, October 29, 2025. RBC's demand letters put Hayes Timber Inc.'s indebtedness at $1,097,590.08 as of July 22, 2024, and Hayes Timber Mill Ltd.'s at $3,474,137.77 as of July 9, 2024, both guaranteed by the debtors and by principals Roger Bruce Hayes, Cortney Sarah O'Donoghue and Daniel James O'Donoghue. RBC also holds a second-ranking $1,500,000 mortgage on property owned by the O'Donoghue principals.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Order
Endorsement of Justice LeMay dated October 29, 2025.pdf was filed. Court file CV-25-124-0000.
Source: Endorsement of Justice LeMay dated October 29, 2025.pdf
#Filing
Royal Bank of Canada filed its notice of application for the receivership, dated June 2, 2025.
Parties
Debtor
Hayes Timber Inc. & Hayes Timber Mill Ltd.
Receiver
Doane Grant Thornton
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral security agreements dated October 29, 2012 (HTI) and April 25, 2022 (HTML); master lease agreement dated April 25, 2022 and two leasing schedules; PPSA registrations against all collateral classes except consumer goods — HTML Demanded Indebtedness per Demand Letter dated July 9, 2024, comprised of: Credit facility 001 $488,288.68; Demand facility 002 $469,221.21; Demand facility 003 $541,611.16; Demand facility 004 $462,825.52; Visa 8062 $65,821.72; Visa 8153 $18,802.90; Lease line 7253 $1,079,156.62; Lease line 8764 $348,409.96. Plus accruing interest, costs, fees. Guaranteed by Debto · as of 8 Jul 2024 | $3.47M | Application Record Returnable June 25, 2025.pdf |
| Secured | Royal Bank of Canada · in 556 casesGeneral security agreements dated October 29, 2012 (HTI) and April 25, 2022 (HTML); security agreement dated December 2, 2021 (HTI); charge/mortgage on Real Property (7 North Diagonal) in principal amount of $450,000 (originally $292,500, amended January 2, 2025) dated December 20, 2018; master lease agreement dated April 17, 2014 and three leasing schedules; PPSA registrations against all collateral classes except consumer goods — HTI Demanded Indebtedness per Demand Letter dated July 22, 2024, comprised of: Credit facility 001 $541,968.39; Demand facility 006 $224,815.80; Demand facility 003 · as of 17 Jul 2024 | $1.1M | Application Record Returnable June 25, 2025.pdf |
| Secured | Royal Bank of Canada (charge/mortgage on Principals' property) · in 556 casesSecond-ranking charge/mortgage registered on title to 362480 Lindenwood Road, Georgian Bluffs, Ontario (PIN 37029-0339 (LT)) in principal amount of $1,500,000.00, ranking behind a prior charge/mortgage in principal amount of no more than $749,000.00 — Related party security (personal guarantors' property); principal/registration amount, not a stated balance — debtor: Cortney Sarah O'Donoghue and Daniel James O'Donoghue (Principals) | — | Application Record Returnable June 25, 2025.pdf |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Documents3 filings
| Date | Document | File |
|---|---|---|
Endorsement of Justice LeMay dated October 29, 2025.pdf
| ||
Receivership Order dated October 29, 2025.pdf
| ||
Application Record Returnable June 25, 2025.pdf
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Hayes Timber Inc. & Hayes Timber Mill Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/hayes-timber-inc-hayes-timber-mill-ltd