Newstart Financial Inc. and Newstart Acceptance Inc.
Follow- Proceeding
- ProposalBIA Div. I
- File
- 31-2117950
Newstart Financial Inc. and Newstart Acceptance Inc. are the subjects of Division I proposal proceedings under the Bankruptcy and Insolvency Act, before the Ontario Superior Court of Justice (Commercial List) at Toronto under court file 31-2117950. The proceedings remain active. As at the filing date of May 2, 2016, the creditor list attached to the notice of intention showed $6,693,172.75 owing by Newstart Financial Inc. to all of its creditors, with the split between secured and unsecured debt not yet finalized. Newstart Financial's secured debt is held by a group of approximately 30 sophisticated investors holding promissory notes together with security over a specified list of vehicles; a PPSA registration chart filed as Exhibit B sets out those creditors in order of registration, without stating an amount for each.
13 earlier updates, back to 17 October 2016 — subscribers.
Undated filings4 — no date appears on the document · show
4 filings carry no date on their face — subscribers.
Debtor
Newstart Financial Inc. and Newstart Acceptance Inc.
Proposal trustee
Dodick Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Newbould | Ontario Superior Court of Justice | 1 order, Aug 2016 | 100 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeDodick Landau | Pallett Valo LLP | 12 Jul 2016 | Application · 12 Jul 2016 |
| DebtorNewstart Financial Inc. and Newstart Acceptance Inc. | Lipman, Zener & Waxman LLP | 27 May 2016 | Order · 27 May 2016 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Group of approximately 30 sophisticated investorsPromissory notes plus security over a specific list of vehicles — PPSA registration chart (Exhibit B) lists secured creditors of NFI in order of registration; individual amounts not summed here as amount is not stated per creditor in reviewed pages; breakdown of secured versus unsecured debt had not yet been finalized as at filing date — debtor: Newstart Financial Inc. | — | Motion Record |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Marketed — The Proposal Trustee is soliciting offers from one or more purchasers of, or investors in, the business and assets of NewstartNewstart Teaser · 1 Jun 2016
| Date | Document | File |
|---|---|---|
Motion Record
| PDF · Subscribers | |
| Certificate Of Filing a Proposal – NAI | PDF · Subscribers | |
| Certificate of Filing a Proposal – NFI | PDF · Subscribers | |
Court Order
| PDF · Subscribers | |
Endorsement August 30, 2016
| PDF · Subscribers | |
Motion Record-August-30-2016
| PDF · Subscribers | |
Order-NAI-August-30-2016
| PDF · Subscribers | |
Supplementary Motion Record
| PDF · Subscribers | |
Court Order issued July 14, 2016
| PDF · Subscribers | |
Court Order – July-14-2016
| PDF · Subscribers | |
| Endorsement July 14, 2016 | PDF · Subscribers | |
Supplementary Motion Record of the Proposal-Trustee
| PDF · Subscribers | |
Newstart Teaser
| PDF · Subscribers | |
Court Order issued May 27, 2016
| PDF · Subscribers | |
| Endorsement – Conway J. | PDF · Subscribers | |
Newstart Sale and Investment Process Summary
| PDF · Subscribers | |
| Motion Record of Newstart Acceptance – Part 2 of 2 | PDF · Subscribers | |
| Motion Record re Newstart Acceptance – Part 1 of 2 | PDF · Subscribers | |
| Motion Record – Newstart Financial – Part 1 of 2 | PDF · Subscribers | |
| Motion Record – Newstart Financial – Part 2 of 2 | 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., “Newstart Financial Inc. and Newstart Acceptance Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/newstart-financial-inc-and-newstart-acceptance-inc