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.
The court granted an approval and vesting order for the sale to the Debtors' right, title and interest in and to the assets described in the Auction Agreement (the "Equipment Assets"). Closing terms, as extracted: vesting occurs upon delivery of a receipt for payment in full by the Auctioneer.
The officer filed report no. First Report. The mill had ceased operating before the receivership, the debtors had no employees, and the receiver has been securing the property, addressing unauthorized sales and business activity by the former principal, and pursuing sale processes for the equipment and real property.
The court made the receivership order over Hayes Timber Inc. and Hayes Timber Mill Ltd. on Wednesday, October 29, 2025.
Royal Bank of Canada filed its notice of application for the receivership, dated June 2, 2025.
Debtor
Hayes Timber Inc. & Hayes Timber Mill Ltd.
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Lemay | Ontario Superior Court of Justice | 1 order, Oct 2025 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDoane Grant Thornton | Harrison Pensa LLP | 27 May 2026 | Order · 27 May 2026 |
| Applicant | Aird & Berlis LLP | 2 Jun 2025 | Service list · 2 Jun 2025 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 2 Jun 2025 | Service list · 2 Jun 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 584 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 | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
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See all plansThis 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.
Sale approved — the Auction is hereby approvedApproval and Vesting Order dated May 27, 2026.pdf · 27 May 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchasers at auction, unnamedthe Debtors' right, title and interest in and to the assets described in the Auction Agreement (the "Equipment Assets") · auction | not stated | Approved27 May 2026 | Approval and Vesting Order dated May 27,… |
Cumulative receipts
$145K
As at 14 May 2026First Report of the Receiver dated May 14, 2026.pdf
| Date | Document | File |
|---|---|---|
Ancillary Order dated May 27, 2026.pdf
| PDF · Subscribers | |
Approval and Vesting Order dated May 27, 2026.pdf
| PDF · Subscribers | |
First Report of the Receiver dated May 14, 2026.pdf
| PDF · Subscribers | |
| Motion Record dated May 14, 2026.pdf | PDF · Subscribers | |
Endorsement of Justice LeMay dated October 29, 2025.pdf
| PDF · Subscribers | |
Receivership Order dated October 29, 2025.pdf
| PDF · Subscribers | |
Application Record Returnable June 25, 2025.pdf
| PDF · Subscribers | |
Service List as of June 2, 2025.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., “Hayes Timber Inc. & Hayes Timber Mill Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/hayes-timber-inc-hayes-timber-mill-ltd
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/hayes-timber-inc-hayes-timber-mill-ltd
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.