HB Solar Canada Inc. filed a Notice of Intention to Make a Proposal on April 10, 2018, listing total liabilities of $2,927,457. That figure includes approximately $800,000 owed to Royal Bank of Canada under a banking facility, described as the company's chief secured debt, plus a second secured creditor holding purchase-money security interests on two leased vehicles in an unstated amount. Accounts payable to unsecured creditors totaled approximately $2,100,000 as at the filing date. As of the affidavit sworn May 8, 2018, the split between secured and unsecured indebtedness was still being finalized. The bankruptcy proceeding remains active.
The court granted an approval and vesting order for the sale to Craig Chornaby. Closing terms, as extracted: vesting effective upon delivery of Trustee's Certificate confirming payment of Purchase Price and satisfaction/waiver of conditions.
Source: Sale Approval and Vesting Order
Court Order- Sales Process and Expanded Trustee Powers was filed.
Source: Court Order- Sales Process and Expanded Trustee Powers
Debtor
HB Solar Canada Inc.
Proposal trustee
Dodick Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 2 orders, Aug 2018 | 141 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorHB Solar Canada Inc. | Pallett Valo LLP | 10 May 2018 | Endorsement · 14 May 2018 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesas of NOI filing date (April 10, 2018) — Banking facility/line of credit; described as the Debtor's chief and sole significant secured creditor — Described in affidavit as 'current indebtedness of approximately $800,000.00'; total creditor amount of $2,927,457 stated as at Filing Date is said to include this $800,000 owing to RBC. — debtor: HB Solar Canada Inc. | $800K | Second Report to Court of Proposal Trustee |
| 5 | PMSI / lessors | |||
| 8 | Unsecured |
2 more claims in 2 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 2 approved — Transaction approvedSale Approval and Vesting Order · 13 Aug 2018
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Craig Chornabythe right, title and interest of the Debtor in and to the Purchased Assets described in the APS · asset sale · nominee/assignee: a company to be incorporated · agreement 3 Jul 2018 | not stated | Approved13 Aug 2018 | Sale Approval and Vesting Order |
| referred to only as 'the Purchaser', unnamedassets of the Debtor's business · asset sale | Subscribers | Approved | Supplemental Report of Proposal Trustee on… |
Secured creditors: paid in full.Under the plan · sanctionedCourt Order – Proposal Approval · 13 Aug 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | paid in full | Under the plansanctionedper the court | Court Order – Proposal Approval · 13 Aug 2018 |
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.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Court Order – Proposal Approval
| PDF · Subscribers | |
Endorsement of Morawetz
| PDF · Subscribers | |
Sale Approval and Vesting Order
| PDF · Subscribers | |
Supplemental Report of Proposal Trustee on Proposal and Sale
| PDF · Subscribers | |
Motion Record – Returnable August 13, 2018
| PDF · Subscribers | |
| Creditors Package – Proposal | PDF · Subscribers | |
| Certificate Of Filing of Proposal | PDF · Subscribers | |
Motion Record – returnable June 19, 2018
| PDF · Subscribers | |
Second Report to Court of Proposal Trustee
| PDF · Subscribers | |
Teaser – Sale
| PDF · Subscribers | |
Court Order- Sales Process and Expanded Trustee Powers
| PDF · Subscribers | |
Endorsement – Sales Process and Expanded Trustee Powers
| PDF · Subscribers | |
Court Order – Stay Extension
| PDF · Subscribers | |
| Endorsement – stay extension | PDF · Subscribers | |
Motion Record Returnable
| PDF · Subscribers | |
| Notice of Intention to Make a Proposal – Creditor Package | 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., “HB Solar Canada Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/hb-solar-canada-inc
Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/hb-solar-canada-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.