Markdale Aggregates Inc
- Proceeding
- NOIsubsection 50.4(1) of the Act
- File
- 31-2442243
Markdale Aggregates Inc. filed a notice of intention to make a proposal under s. 50.4 of the BIA on January 2, 2019, with MNP Ltd. as Proposal Trustee, in the Ontario Superior Court of Justice (in Bankruptcy and Insolvency) under court file 31-2442243. The proceeding remains active. The company's Statement of Affairs, as at November 9, 2018, puts total assets at $500,486.24 against total liabilities of $3,164,150.68, a stated deficiency of $2,663,664.44. RBC Royal Bank holds security valued at $39,050.00 over three GMC Sierra pickups. The parent, Tiber Markdale Resources Inc., asserts a claim of $2,767,116.00 secured over inventory, receivables and a vehicle, leaving a $2,305,679.76 shortfall; the proposal defines it as a Related Creditor that takes no dividend as a Secured Creditor. Trade creditors include Tri-County Aggregates Ltd. at $99,202.46 and Miller Thomson LLP at $70,127.19.
A claims procedure has been established — see the order for deadlines.
Motion Record of Proposal Trustee (returnable February 5, 2019) — Application / notice of application
Debtor
Markdale Aggregates Inc
Proposal trustee
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Associate Judge Jean | Ontario Superior Court of Justice | 1 order, Feb 2019 | 23 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeMNP | Loopstra Nixon LLP | 5 Feb 2019 | Order · 5 Feb 2019 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Tiber Markdale Resources Inc.Business assets - stock in trade/inventory; debts due (accounts receivable); motor vehicle (2017 GMC Sierra SLE 1500, 1GTV2MEC2GZ157013). Amount of claim stated as $2,767,116.00 — Related party: parent company to the Debtor, defined as 'Related Creditor' in the Proposal (Art. 1.1(z)); per Art. 2.6 receives no dividend under the Proposal as a Secured Creditor — debtor: Markdale Aggregates Inc. · as of 9 Nov 2018 | $2.31M | Notice of Proposal to Creditors |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
24 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.Under the plan · sanctionedOrder Approval of Amended Proposal · 5 Feb 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the plansanctionedper the trustee | Order Approval of Amended Proposal · 5 Feb 2019 |
| Unsecured | Related Creditor | — | no distribution | Under the plansanctionedper the trustee | Order Approval of Amended Proposal · 5 Feb 2019 |
| Unsecured | — | estimated | Estimatedper the trustee | Notice of Proposal to Creditors · 11 Dec 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.
3 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 |
|---|---|---|
Order Approval of Amended Proposal
| PDF · Subscribers | |
Motion Record of Proposal Trustee (returnable February 5, 2019)
| PDF · Subscribers | |
Notice of Proposal to Creditors
| PDF · Subscribers | |
| Proof of Claim, Voting Letter, Proxy and Checklist | PDF · Subscribers | |
Notice of Intention to Make a Proposal
| 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., “Markdale Aggregates Inc” (NOI), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/markdale-aggregates-inc