International Credit Experts Inc. is in a court-appointed receivership in the Ontario Superior Court of Justice, court file no. CV-24-00718487-00CL. Metropolitan Partners Group Administration, LLC applied on April 16, 2024, and Grant Thornton Limited was appointed receiver and manager by order dated Thursday, July 17, 2024, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The matter has proceeded before Justices Dietrich, Kimmel and Osborne.
The court granted an approval and vesting order for the sale to People First North Financial Inc. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction/waiver of Closing conditions, and completion of the Transaction. Sealed: Confidential Appendices 'A' and 'B' to the Second Report.
Source: Approval and Vesting Order dated October 23, 2025.pdf
The court appointed Grant Thornton Limited receiver and manager of International Credit Experts Inc. by order made Thursday, July 17, 2024.
Notice of Motion (Sealing Order) - Respondent dated May 14, 2024.pdf — Application / notice of application
Responding Motion Record (Redacted) dated May 14, 2024.pdf — Application / notice of application
Metropolitan Partners Group Administration, LLC filed its application for the receivership, dated April 16, 2024.
Debtor
International Credit Experts Inc.
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kimmel | Ontario Superior Court of Justice | 3 orders, Jun 2024 – Oct 2025 | 182 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 3 orders, Jul 2024 | 146 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Mar 2025 | 109 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDoane Grant Thornton | Gowling WLG (Canada) LLP | 9 Aug 2024 | Factum · 9 Aug 2024 |
| DebtorInternational Credit Experts Inc. | Rothstein LLP | 14 May 2024 | Application · 14 May 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesas of NOI/demand period (February 2024) — Source deduction arrears constituting a super-priority (deemed trust) claim against the Property; stated as 'over $800,000'; floor figure per debtor's own books and records — debtor: International Credit Experts Inc. | $800K | First Report of the Receiver dated March 6, 2025.pdf |
| 4 | Secured | Metropolitan Partners Group Administration, LLCSecurity interest over all assets/Property of ICE under Financing and Security Agreement dated November 29, 2021; PPSA registration confirmed as sole general security interest registrant; credit facility of up to $10,000,000 CAD — Senior secured and largest creditor of ICE; amount not in dispute per July 17 Reasons; prose approximation elsewhere stated as 'approximately $2.7 million'; personal guarantees exist from Tarsempal Singh Dhaliwal and Dhaliwal Enterprise Holding Inc. as guarantors — debtor: International Credit Experts Inc. · as of 26 Feb 2024 | $2.71M USD | First Report of the Receiver dated March 6, 2025.pdf |
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.
Sale approved — the Transaction is hereby approvedApproval and Vesting Order dated October 23, 2025.pdf · 23 Oct 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| People First North Financial Inc.the Debtor's right, title and interest in and to the Purchased Assets (as defined in the APA) · asset sale · agreement 8 Oct 2025 | SealedPrice is redacted in the report; unredacted APA and bid summary sealed in Confidential Appendices 'A' and 'B'. | Approved23 Oct 2025 | Approval and Vesting Order dated October 23,… |
| Date | Document | File |
|---|---|---|
Approval and Vesting Order dated October 23, 2025.pdf
| ||
Endorsement of Justice Kimmel dated October 23, 2025.pdf
| ||
Order dated October 23, 2025.pdf
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| Motion Record of Receiver dated October 10, 2025.pdf | ||
Second Report of the Receiver dated October 10, 2025.pdf
| ||
| Confidentiality Agreement for International Credit Experts.pdf | ||
Aide Memoire dated March 17, 2025.pdf
| ||
Endorsement of Justice Dietrich dated March 17, 2025.pdf
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Order re Bankruptcy Assignment of Justice Dietrich dated March 17, 2025.pdf
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| Factum dated March 13, 2025.pdf | ||
First Report of the Receiver dated March 6, 2025.pdf
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| Motion Record of Receiver dated March 6, 2025.pdf | ||
Aide Memoire dated August 9, 2024.pdf
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Endorsement of Justice Osborne dated July 17, 2024.pdf
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Order of Justice Osborne dated July 17, 2024.pdf
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Supplemental Endorsement of Justice Osborne dated July 17, 2024.pdf
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Teaser for International Credit Experts.pdf
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| Affidavit of Tarsempal Singh Dhaliwal sworn July 15, 2024.PDF | ||
| Supplemental Factum of the Applicant dated July 15, 2024.pdf | ||
| Factum of the Applicant dated July 12, 2024.pdf | ||
Endorsement of Justice Kimmel dated June 20, 2024.PDF
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| Aide Memoire dated June 19, 2024.pdf | ||
Notice of Motion (Sealing Order) - Respondent dated May 14, 2024.pdf
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Responding Motion Record (Redacted) dated May 14, 2024.pdf
| ||
Application Record dated on April 16, 2024.pdf
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “International Credit Experts Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/international-credit-experts-inc
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/international-credit-experts-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.