Jeil M&S Canada Inc.
- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 31-3393320
- Industry
- Construction · Specialty trade contractors
Jeil M&S Canada Inc. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on June 30, 2026, with Bricks Damiani Inc. as trustee (estate 31-3393320, Toronto), and has since filed a proposal. Its statement of affairs shows assets of $5,277,907, comprising $191,000 in cash and $5,086,907 in accounts receivable, against $13,861,049 owed to nine unsecured creditors. Listed creditors include Black & McDonald Limited at $4,700,000, Solis Canada Inc at $4,690,000, the Canada Revenue Agency at $1,752,346.74 and NextStar Energy Inc. at $1,320,060.22. The company puts its claims against NextStar at more than $25,000,000; NextStar disputes $20,872,058 in change-order claims and $5,040,784 in receivables. The trustee reports that the proposal could pay unsecured creditors up to 100% of proven claims before trustee fees and the Superintendent's levy, against less than 1% in a bankruptcy.
Notice of intention filed under BIA s. 50.4, opening the proposal proceeding under estate number 31-3393320 and fixing the date as of which creditor claims were listed.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal – Dated June 30, 2026
Filing brief
Jeil M&S Canada: a proposal funded by claims against NextStar
The Thornhill installation subsidiary of a Korean battery-equipment maker filed a notice of intention after losing a $4,720,089 Construction Act adjudication to Black & McDonald. Its proposal, for an August 20 vote, would pay unsecured creditors owed an estimated $13,861,049 from net recoveries on claims against NextStar that the company puts above $25 million.
Debtor
Jeil M&S Canada Inc.
Proposal trustee
Bricks Damiani
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Black & McDonald Limited · in 6 casesas of NOI filing date — debtor: Jeil M&S Canada Inc. | $4.7M | NOI Notice to Creditors – Dated July 2, 2026 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
7 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.Under the planNotice of Proposal to Creditors Package · 10 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | of proven claimsvs. in a bankruptcy | Under the planper the trustee | Notice of Proposal to Creditors Package · 10 Aug 2026 |
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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals 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 |
|---|---|---|
Notice of Proposal to Creditors Package – Dated August 10, 2026
| PDF · Subscribers | |
NOI Notice to Creditors – Dated July 2, 2026
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to Make a Proposal – Dated June 30, 2026
| 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., “Jeil M&S Canada Inc.” (NOI). Retrieved 4 November 2026, https://proceedings.ca/case/jeil-m-s-canada-inc