J2ASM Inc

J2ASM Inc. has been in court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority since December 2, 2024, before the Ontario Superior Court of Justice. Business Development Bank of Canada holds secured claims of $15,468,734 as at the receivership date, supported by a mortgage, an assignment of rents and a general security agreement under a loan agreement dated July 30, 2021, as amended, together with personal property registrations. The Receiver reports that the current book value of the company's assets is unknown to it because the company has not provided books and records; building, furniture and fixtures, cash and accounts receivable are each carried as unknown. A creditor listing compiled from the limited records available shows property taxes owing to the City of Mississauga of $611,496.55, described in the Receiver's narrative as approximately $612,000, alongside smaller trade, utility and service claims including Focus Flooring & Construction Inc. at $30,510.00, Security Smart Systems Inc at $18,532.00 and Alectra Utilities (Hydro-Peel) at $17,442.95. The proceeding remains active.