Madoc Co-Operative Association
- Proceeding
- Bankruptcysection 47.1 of the Bankruptcy and Insolvency Act
- File
- 33-1295741
Madoc Co-Operative Association remains subject to active insolvency proceedings in the Ontario Superior Court of Justice under court file 33-1295741, commenced 23 December 2009. A. Farber & Partners Inc. applied and was appointed interim receiver of the Madoc, Ontario agricultural co-operative under section 47.1 of the Bankruptcy and Insolvency Act. The List "A" unsecured creditors filed with the co-operative's notice of intention runs to hundreds of names, dominated by individual farmer patrons of the co-operative alongside trade suppliers and equipment and finance companies. The larger listed claims include YMCF at $200,870.94, TRU*SERV CANADA COOPERATIVE at $89,377.26, Jim and Sheila Cairns at $70,000.00, Electrolux at $50,694.75, Norag Resources Inc. at $48,618.40 and Edwin Scerri and Mary Morgan at $47,333.33. Federal and Ontario tax and labour authorities are listed at nominal amounts.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Trustee's Supplementary Report to Creditors. Madoc is winding down through an orderly sales process, having closed several real property and joint-venture transactions and continuing to negotiate sales of remaining assets (grain dryer, Foxboro property, and cooperative shares) while collecting outstanding receivables.
Motion returnable on April 30, 2010 re approval of sale of certain assets — Application / notice of application
The officer filed report no. Third Report. Madoc, under Farber's interim receivership, is conducting a liquidation sale of inventory at its three co-op stores and V&S Department Store while collecting receivables in the ordinary course, aiming to sell its assets and business as a going concern via a liquidating proposal.
Source: Third Report of Proposal Trustee dated January 12, 2010
Receivership order made, carrying the commencement date of the proceeding; it stands as the only dated step recorded on Ontario court file 33-1295741.
Source: Interim Receiver Appointment dated December 23, 2009
Endorsement of Justice Ray dated December 23, 2009 extending deadline to file Proposal — Endorsement / reasons
Motion returnable on December 23, 2009 re first extension of time to file a Proposal — Application / notice of application
The officer filed report no. First Report. Madoc is conducting a liquidation sale of inventory, collecting receivables in the ordinary course, and has terminated all employees while retaining minimal staff to maintain operations, pending a going-concern sale of its assets and business.
Source: First Report of Proposal Trustee dated December 18, 2009
Motion returnable on December 23, 2009 for the appointment of Interim Receiver was filed. Court file 33-1295741.
Source: Motion returnable on December 23, 2009 for the appointment of Interim Receiver
Undated filings1 — no date appears on the document · show
Debtor
Madoc Co-Operative Association
Trustee in bankruptcy
A. Farber & Partners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Roy | Ontario Superior Court of Justice | 1 order, Jan 2010 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorA. Farber & Partners Inc | Gowling Lafleur Henderson LLP (now Gowling WLG (Canada) LLP) | 23 Dec 2009 | Endorsement · 23 Dec 2009 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | YMCFBalance of Claim Un column shows 1.00; Total Claim 200,871.94 — debtor: Madoc Co-Operative Association | $201K | Notice of NOI package to Creditors |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
351 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansUnsecured creditors: a distribution. Desjardins/OMAFRA short · Tru*Serv short.EstimatedTrustee’s Supplementary Report to Creditors · 26 Jun 2010
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Desjardins/OMAFRA | estimated | short by | Estimatedper the trustee | Trustee’s Supplementary Report to Creditors · 26 Jun 2010 |
| Secured | Tru*Serv | estimated | short by | Estimatedper the trustee | Trustee’s Supplementary Report to Creditors · 26 Jun 2010 |
| Unsecured | — | estimated | Estimatedper the trustee | Trustee’s Supplementary Report to Creditors · 26 Jun 2010 |
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.
6 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansCumulative receipts
$1.04M
As at 26 Jun 2010Trustee’s Supplementary Report to Creditors
| Date | Document | File |
|---|---|---|
| Certificate of Assignment dated July 6, 2010 | PDF · Subscribers | |
Trustee’s Supplementary Report to Creditors
| PDF · Subscribers | |
Notice of Adjourned Creditors’ Meeting
| PDF · Subscribers | |
| Motion returnable on April 30, 2010 re approval of sale of certain assets | PDF · Subscribers | |
| Notice of Proposal package to Creditors | PDF · Subscribers | |
| Certificate of Proposal dated April 12, 2010 | PDF · Subscribers | |
Order of Deputy Registrar Dempster dated February 24, 2010 extending deadline to file Proposal
| PDF · Subscribers | |
Order of Justice Roy dated January 15, 2010 extending deadline to file Proposal
| PDF · Subscribers | |
Third Report of Proposal Trustee dated January 12, 2010
| PDF · Subscribers | |
Endorsement of Justice Ray dated December 23, 2009 extending deadline to file Proposal
| PDF · Subscribers | |
Interim Receiver Appointment dated December 23, 2009
| PDF · Subscribers | |
| Motion returnable on December 23, 2009 re first extension of time to file a Proposal | PDF · Subscribers | |
First Report of Proposal Trustee dated December 18, 2009
| PDF · Subscribers | |
Motion returnable on December 23, 2009 for the appointment of Interim Receiver
| PDF · Subscribers | |
Notice of NOI package to Creditors
| PDF · Subscribers | |
| Bankruptcy Proof of Claim | 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., “Madoc Co-Operative Association” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/madoc-co-operative-association