Proceedings.

Newtek Automotive Inc./Newtek Automotive Midwest, Inc.

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Proceeding
Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
Court
Ontario Superior Court of Justice
File
13-9982-00CL
Filings held17
Last activity14 Sep 2015
On the record4,989 days
Secured debt$3.5M
OverviewSummary updated

Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. have been under the control of Duff & Phelps Canada Restructuring Inc. as receiver and manager since January 23, 2013, when the Ontario Superior Court of Justice made the appointment on the application of Bank of Montreal under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act (court file 13-9982-00CL). As at February 13, 2013, the companies' assets were carried at an estimated unaudited book value of $19,657,000, with realizable value expected to be materially lower. Secured obligations were reported at $6,464,000, led by Bank of Montreal at $3,500,000 and Return on Innovation Capital Ltd. at $2,465,000; unsecured claims were reported at approximately $16.8 million, the largest being Qingdao Newtek Automotive Parts Co., Ltd at $5,424,590.01 and C&C Industrial Technology Ltd. at $3,637,375. The receivership remains active.

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Case updates17 dated entries
#Report

The officer filed report no. Third Report. The Company ceased operations following the Receiver's appointment, with its leases disclaimed, employees terminated, and inventory/fixed assets liquidated; the Receiver is now winding down remaining matters (duty drawback dispute, HST/withholding tax issue, books and records) and seeking its discharge.

Source: Third Report to Court dated September 8, 2015

Parties

Debtor

Newtek Automotive Inc./Newtek Automotive Midwest, Inc.

Trustee in bankruptcy

AlixPartners

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MorawetzOntario Superior Court of Justice5 orders, Feb 2013 – Jul 2013130 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorDuff & Phelps Canada Restructuring IncGowling Lafleur Henderson LLP (now Gowling WLG (Canada) LLP)15 Mar 2013Application · 15 Mar 2013
CreditorKSV Kofman IncGowling Lafleur Henderson LLP (now Gowling WLG (Canada) LLP)14 Sep 2015Endorsement · 14 Sep 2015
Capital structureAs asserted in the filings
stated amounts, drawn to scale · the 219 smallest grouped as one mark · 6 named without a figure
#Priority classCreditorAmountSource
4SecuredBank of Montreal · in 279 casesCompany's primary secured creditor per Company's records — debtor: Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · as of 13 Feb 2013$3.5MNotice and Statement of the Receiver
4SecuredReturn on Innovation Capital Ltd. (ROI)debtor: Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · as of 13 Feb 2013$2.46MNotice and Statement of the Receiver
4SecuredLotzmann Holdings Inc. and Gedja Holdings Inc.debtor: Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · as of 13 Feb 2013$249KNotice and Statement of the Receiver
4SecuredMeicheng ChenIndividual secured creditor — debtor: Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · as of 13 Feb 2013$100KNotice and Statement of the Receiver
4SecuredChao-Chou YangIndividual secured creditor — debtor: Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · as of 13 Feb 2013$50KNotice and Statement of the Receiver
4SecuredFang Yang (Fang Yank)Individual secured creditor — debtor: Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · as of 13 Feb 2013$50KNotice and Statement of the Receiver
4SecuredJing TaoIndividual secured creditor — debtor: Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · as of 13 Feb 2013$50KNotice and Statement of the Receiver
8UnsecuredQINGDAO NEWTEK AUTOMOTIVE PARTS CO., LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$5.42MNotice and Statement of the Receiver
8UnsecuredC&C Industrial Technology Ltd.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.64MNotice and Statement of the Receiver
8UnsecuredQuing ZhengListed similarly to 'QING ZHENG' but a distinct larger amount — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$820KNotice and Statement of the Receiver
8Unsecured1574 Eagle St North Incdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$700KNotice and Statement of the Receiver
8UnsecuredCHINA AUTO CAIEC LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$527KNotice and Statement of the Receiver
8UnsecuredChen MeichengDistinct from secured entry 'Meicheng Chen' — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$500KNotice and Statement of the Receiver
8UnsecuredJINAN GOLD PHOENIX BRAKES SYSTEMS CO.LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$404KNotice and Statement of the Receiver
8UnsecuredFang Yang, Yin YanDistinct from secured entry 'Fang Yang' — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$400KNotice and Statement of the Receiver
8UnsecuredMINGHUA QU ORdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$248KNotice and Statement of the Receiver
8UnsecuredMinghun Qu, Tianmei Dudebtor: Newtek Automotive Inc. · as of 13 Feb 2013$240KNotice and Statement of the Receiver
8UnsecuredZIBO HAIDE AUTOMOBILEdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$209KNotice and Statement of the Receiver
8UnsecuredLINYI NEWTEK AUTOPARTS CO, LTD.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$202KNotice and Statement of the Receiver
8UnsecuredNick Brochardtdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$175KNotice and Statement of the Receiver
8UnsecuredFeng Jiang, Quyangdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$170KNotice and Statement of the Receiver
8UnsecuredCHINA AUTO CAIEC LTD (second entry)Listed twice on document — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$155KNotice and Statement of the Receiver
8UnsecuredGEDJA HOLDING INCDistinct unsecured claim from same entity that is also part of secured entry Lotzmann/Gedja Holdings — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$150KNotice and Statement of the Receiver
8UnsecuredFENWICK AUTOMOTIVE PRODUCTSdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$150KNotice and Statement of the Receiver
8Unsecured1574 EAGLE STREET NORTH INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$125KNotice and Statement of the Receiver
8UnsecuredXINZHI LIUdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$104KNotice and Statement of the Receiver
8UnsecuredJIANG ZHENG & HUIFANG WUdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$103KNotice and Statement of the Receiver
8UnsecuredAndraw Wu & Wendy WuIndividual creditors — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$100KNotice and Statement of the Receiver
8UnsecuredMr. Kang Hong and Mrs. Jiang Wangdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$100KNotice and Statement of the Receiver
8UnsecuredZheng Yuandebtor: Newtek Automotive Inc. · as of 13 Feb 2013$100KNotice and Statement of the Receiver
8UnsecuredZhang, weidebtor: Newtek Automotive Inc. · as of 13 Feb 2013$100KNotice and Statement of the Receiver
8UnsecuredYU, MINGdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$100KNotice and Statement of the Receiver
8UnsecuredXinzhi Liu & Qingxian Xudebtor: Newtek Automotive Inc. · as of 13 Feb 2013$100KNotice and Statement of the Receiver
8UnsecuredLawrence Yu (second entry)Listed twice on document — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$100KNotice and Statement of the Receiver
8UnsecuredSHUNJIE ZENG OR SHAONI TANGdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$80KNotice and Statement of the Receiver
8UnsecuredZhongxin Fishing (James Xiang)debtor: Newtek Automotive Inc. · as of 13 Feb 2013$80KNotice and Statement of the Receiver
8UnsecuredLONGKOU JINZHENG MACHINERY CO.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$64.9KNotice and Statement of the Receiver
8UnsecuredJinming Ren & Hui iZhoudebtor: Newtek Automotive Inc. · as of 13 Feb 2013$60KNotice and Statement of the Receiver
8UnsecuredROBERT HALF INTERNATIONAL · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$55.4KNotice and Statement of the Receiver
8UnsecuredYANG'S JEWELLERY LTD.Listed separately from 'Yang' Jewellery' — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$50.4KNotice and Statement of the Receiver
8UnsecuredCHAOCHOU YANGDistinct from secured entry 'Chao-Chou Yang' — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$50.4KNotice and Statement of the Receiver
8UnsecuredChaoChou, Yangdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$50KNotice and Statement of the Receiver
8UnsecuredYang' Jewellerydebtor: Newtek Automotive Inc. · as of 13 Feb 2013$50KNotice and Statement of the Receiver
8UnsecuredSharline Cheslockdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$50KNotice and Statement of the Receiver
8UnsecuredHEENAN BLAIKIE LLP · in 4 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$43.8KNotice and Statement of the Receiver
8UnsecuredXiaoshan Zhengdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$40KNotice and Statement of the Receiver
8UnsecuredXiurong Zhangdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$40KNotice and Statement of the Receiver
8UnsecuredSHANXI FENGKUNdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$31KNotice and Statement of the Receiver
8UnsecuredNORTHEAST DISTRIBUTION CENTERdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$30KNotice and Statement of the Receiver
8UnsecuredNORMAN G JENSEN INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$28.6KNotice and Statement of the Receiver
8UnsecuredPARTS DEPOT INC.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$27.1KNotice and Statement of the Receiver
8UnsecuredMUSKET TRANSPORT LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$26.7KNotice and Statement of the Receiver
8UnsecuredROI CAPITAL LTD.Separate unsecured claim; ROI (Return on Innovation Capital) also holds secured claim of $2,465,000 — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$26.2KNotice and Statement of the Receiver
8UnsecuredTHE ANSWER COMPANY CONSULTING LTD · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$26KNotice and Statement of the Receiver
8UnsecuredM M ROTORS INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$25.6KNotice and Statement of the Receiver
8UnsecuredNU-ERA LOGISTICS INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$25KNotice and Statement of the Receiver
8UnsecuredAIRD & BERLIS LLP · in 22 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$23.3KNotice and Statement of the Receiver
8UnsecuredJINAN GOLD PHOENIX BRAKE SYSTEMS CO., LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$22.3KNotice and Statement of the Receiver
8UnsecuredHUBEI QUANLI MACHINERY CO., LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$21.6KNotice and Statement of the Receiver
8UnsecuredMBNA CANADA · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$21.5KNotice and Statement of the Receiver
8UnsecuredCARQUEST CORPORATIONdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$21.3KNotice and Statement of the Receiver
8UnsecuredLAIZHOU HUAYUANdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$20.5KNotice and Statement of the Receiver
8UnsecuredGe Yu/Liya Dengdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$20KNotice and Statement of the Receiver
8UnsecuredChangPing Qidebtor: Newtek Automotive Inc. · as of 13 Feb 2013$20KNotice and Statement of the Receiver
8UnsecuredAMERI-CONNECT FREIGHT SERVICESdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$19.1KNotice and Statement of the Receiver
8UnsecuredJNP SOFTWARE INTERNATIONAL INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$18.9KNotice and Statement of the Receiver
8UnsecuredBILL MURRAY & ASSOCIATESdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$18.4KNotice and Statement of the Receiver
8UnsecuredKITCHIN & SONS INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$17.7KNotice and Statement of the Receiver
8UnsecuredGeneral Parts Inc.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$16.7KNotice and Statement of the Receiver
8UnsecuredFINEST SAUSAGEdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$15KNotice and Statement of the Receiver
8UnsecuredR and L Carriersdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$14.5KNotice and Statement of the Receiver
8UnsecuredCANUSA AUTOMOTIVE WAREHOUSING INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$14.3KNotice and Statement of the Receiver
8UnsecuredTD VISA · in 13 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$10.9KNotice and Statement of the Receiver
8UnsecuredLIGHTNING ROTORS INC.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$10.6KNotice and Statement of the Receiver
8UnsecuredPACKAGING TECHNOLOGIES INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$10.3KNotice and Statement of the Receiver
8UnsecuredSAIA MOTOR FREIGHT LINE. LLCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$10.2KNotice and Statement of the Receiver
8UnsecuredRECEIVER GENERAL OF CANADA · in 30 casesFederal government claim — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$9.95KNotice and Statement of the Receiver
8UnsecuredAMERICAN EXPRESS CORPORATE CARD · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$9.88KNotice and Statement of the Receiver
8UnsecuredHartford, Thedebtor: Newtek Automotive Inc. · as of 13 Feb 2013$9.53KNotice and Statement of the Receiver
8UnsecuredTRIUMPH EXPRESS SERVICE CANADAdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$9.19KNotice and Statement of the Receiver
8UnsecuredAmerican Express · in 28 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$8.66KNotice and Statement of the Receiver
8UnsecuredMINIMAX EXPRESS · in 7 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$8.38KNotice and Statement of the Receiver
8UnsecuredBROSHART, NICKdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$8.13KNotice and Statement of the Receiver
8UnsecuredEVERGREEN SHIPPING AGENCY (AMERICA) CORPdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$8KNotice and Statement of the Receiver
8UnsecuredLAWRENCE YUdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$7.5KNotice and Statement of the Receiver
8UnsecuredUNION GAS LIMITED · in 14 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$7.41KNotice and Statement of the Receiver
8UnsecuredOXFORD PALLET & RECYCLERS LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$7.08KNotice and Statement of the Receiver
8UnsecuredCLARKE TRANSPORT · in 3 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$6.98KNotice and Statement of the Receiver
8UnsecuredCoventry Health & Life Ins. Codebtor: Newtek Automotive Inc. · as of 13 Feb 2013$6.96KNotice and Statement of the Receiver
8UnsecuredPAVEY LAW & WITTEVEEN LLPdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$6.91KNotice and Statement of the Receiver
8UnsecuredCNX CONSULTING INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$6.86KNotice and Statement of the Receiver
8UnsecuredCENTURY FREIGHTWORX LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$6.76KNotice and Statement of the Receiver
8UnsecuredAMERICAN EXPRESS (US) · in 28 casesUS-dollar claim converted to CAD at par per Note 1 — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$6.09KNotice and Statement of the Receiver
8UnsecuredKELFORD INDUSTRIAL SALES INC.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$5.98KNotice and Statement of the Receiver
8UnsecuredCDC DISTRIBUTION CENTRES TORONTO INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$5.7KNotice and Statement of the Receiver
8UnsecuredADRIAN RAMIREZdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$5.56KNotice and Statement of the Receiver
8UnsecuredCLEAN-RITE CANADAdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$5.4KNotice and Statement of the Receiver
8UnsecuredFed Ex Freight · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$5.34KNotice and Statement of the Receiver
8UnsecuredGMBdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$5.25KNotice and Statement of the Receiver
8UnsecuredMADORIN SNYDER LLPdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$4.57KNotice and Statement of the Receiver
8UnsecuredLINK + CORPORATION · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$4.54KNotice and Statement of the Receiver
8UnsecuredALL PRO FASTFREIGHTdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$4.41KNotice and Statement of the Receiver
8UnsecuredLABEL DESIGN LTD · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$4.3KNotice and Statement of the Receiver
8UnsecuredAKZO NOBEL COATINGS LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$4.29KNotice and Statement of the Receiver
8UnsecuredWEI ZHANG OR XIANHUA GUdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$4KNotice and Statement of the Receiver
8UnsecuredNUCAP INDUSTRIES INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.97KNotice and Statement of the Receiver
8UnsecuredUPS SCS INC · in 5 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.55KNotice and Statement of the Receiver
8UnsecuredROME LOGISTICSdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.54KNotice and Statement of the Receiver
8UnsecuredHELLMANN WORLDWIDE LOGISTICS INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.52KNotice and Statement of the Receiver
8UnsecuredGEORBON TRANSPORTATION SERVICES INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.38KNotice and Statement of the Receiver
8UnsecuredEXPORT DEVELOPMENT CANADA · in 99 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.23KNotice and Statement of the Receiver
8UnsecuredASBURY WILKINSON INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.19KNotice and Statement of the Receiver
8UnsecuredGANTT-THOMAS AND ASSOCIATESdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.18KNotice and Statement of the Receiver
8UnsecuredUPS CANADA · in 92 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.13KNotice and Statement of the Receiver
8UnsecuredBIRD PACKAGING LIMITED · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3.02KNotice and Statement of the Receiver
8UnsecuredWHI SOLUTIONSdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$3KNotice and Statement of the Receiver
8UnsecuredBROWN PACKAGINGdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.95KNotice and Statement of the Receiver
8UnsecuredGOWING CONSTRUCTIONdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.75KNotice and Statement of the Receiver
8UnsecuredSANGSTER, BOBdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.73KNotice and Statement of the Receiver
8UnsecuredTELUS · in 115 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.64KNotice and Statement of the Receiver
8UnsecuredMIDLAND TRANSPORT LIMITED · in 17 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.53KNotice and Statement of the Receiver
8UnsecuredJIE ZHANG OR LIMING SUdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.5KNotice and Statement of the Receiver
8UnsecuredRAFAEL REFOJOS AND ASSOCIATESdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.44KNotice and Statement of the Receiver
8UnsecuredJAS 3 LTD · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.37KNotice and Statement of the Receiver
8UnsecuredROGERS COMMUNICATIONS PARTNERSHIP · in 4 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.34KNotice and Statement of the Receiver
8UnsecuredFedEx Localdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.29KNotice and Statement of the Receiver
8UnsecuredRECEIVABLES CONTROL CORPORATIONdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.21KNotice and Statement of the Receiver
8UnsecuredSCHNAIR SALES & SERVICE INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2.07KNotice and Statement of the Receiver
8UnsecuredOPTICATdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$2KNotice and Statement of the Receiver
8UnsecuredMANITOULIN TRANSPORT · in 36 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.92KNotice and Statement of the Receiver
8UnsecuredINFINITE IMAGES GRAPHICS CENTREdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.89KNotice and Statement of the Receiver
8UnsecuredT-MOBILE · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.83KNotice and Statement of the Receiver
8UnsecuredWRIGHT SALES & MARKETINGdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.68KNotice and Statement of the Receiver
8UnsecuredNorman G. Jensen, Inc. · in 2 casesListed twice on document under slightly different names — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.59KNotice and Statement of the Receiver
8UnsecuredCDW CANADA INC · in 6 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.57KNotice and Statement of the Receiver
8UnsecuredMINISTRY OF COMMUNITY AND SOCIAL SERVICERegulatory — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.55KNotice and Statement of the Receiver
8UnsecuredNorrenberns Truck Servicedebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.44KNotice and Statement of the Receiver
8UnsecuredQING ZHENGdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.43KNotice and Statement of the Receiver
8UnsecuredCARLOS JOSE DE LA TORRE LESLIEdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.41KNotice and Statement of the Receiver
8UnsecuredWILSON'S OFFICE SOLUTIONS INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.25KNotice and Statement of the Receiver
8UnsecuredRICOH CANADA INC · in 11 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.24KNotice and Statement of the Receiver
8UnsecuredGARY CARPENTERdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.23KNotice and Statement of the Receiver
8UnsecuredNETWORK CONVENTION HEADQUARTERSdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.18KNotice and Statement of the Receiver
8UnsecuredBELL CANADA · in 298 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.11KNotice and Statement of the Receiver
8UnsecuredAAIAdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.1KNotice and Statement of the Receiver
8UnsecuredALTA PACIFIC TRANSPORT LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.09KNotice and Statement of the Receiver
8UnsecuredFRICTION MATERIAL STANDARDS INSTITUTEdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.09KNotice and Statement of the Receiver
8UnsecuredTAHOCO LOGISTICS INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.07KNotice and Statement of the Receiver
8UnsecuredJAMES PERINdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1.06KNotice and Statement of the Receiver
8UnsecuredL SIMARD TRANSPORT LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$933Notice and Statement of the Receiver
8UnsecuredEBEdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$880Notice and Statement of the Receiver
8UnsecuredLIFT TRUCK Sales & Service, INC.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$873Notice and Statement of the Receiver
8UnsecuredRR & ASOCIADOS DOMINICANA, SAdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$788Notice and Statement of the Receiver
8UnsecuredORREN MOORE MARKETINGdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$751Notice and Statement of the Receiver
8UnsecuredARROW SPECIALTIESdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$741Notice and Statement of the Receiver
8UnsecuredKLEMP ELECTRIC MACHINERY COMPANYdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$669Notice and Statement of the Receiver
8UnsecuredMobile Palletdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$638Notice and Statement of the Receiver
8UnsecuredWILLSON INTERNATIONAL INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$599Notice and Statement of the Receiver
8UnsecuredANXeBUSINESS CORPdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$577Notice and Statement of the Receiver
8UnsecuredJIN CHENGdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$535Notice and Statement of the Receiver
8UnsecuredOLIVER KERSCHOWSKIdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$518Notice and Statement of the Receiver
8UnsecuredALLAN SALESdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$517Notice and Statement of the Receiver
8UnsecuredCentral Freight Lines Inc.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$498Notice and Statement of the Receiver
8UnsecuredAflacdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$471Notice and Statement of the Receiver
8UnsecuredSHORTREED PAPER INC.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$470Notice and Statement of the Receiver
8UnsecuredLIFTOW LIMITED · in 30 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$465Notice and Statement of the Receiver
8UnsecuredTRANS-WESTERN MARKETING INC.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$434Notice and Statement of the Receiver
8UnsecuredMICROTEC SECURITY-T (ONTARIO)debtor: Newtek Automotive Inc. · as of 13 Feb 2013$420Notice and Statement of the Receiver
8UnsecuredAQUAPURE L.L.C.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$413Notice and Statement of the Receiver
8UnsecuredTERRY WILLISdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$390Notice and Statement of the Receiver
8UnsecuredDAVE KONDRAdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$384Notice and Statement of the Receiver
8UnsecuredECFdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$352Notice and Statement of the Receiver
8UnsecuredOFICINA DE REPRESENTACIONES JORGE MENDEZdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$352Notice and Statement of the Receiver
8UnsecuredUPS SUPPLY CHAIN SOLUTIONS · in 6 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$347Notice and Statement of the Receiver
8UnsecuredAT & Tdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$344Notice and Statement of the Receiver
8UnsecuredLIGHT BULBS ETC, INC.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$344Notice and Statement of the Receiver
8UnsecuredPITNEY WORKS · in 27 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$344Notice and Statement of the Receiver
8UnsecuredTOLEDO, VICTORdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$342Notice and Statement of the Receiver
8UnsecuredCAMBRIDGE CHAMBER OF COMMERCE · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$338Notice and Statement of the Receiver
8UnsecuredPHOENIX INTERNATIONALdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$330Notice and Statement of the Receiver
8UnsecuredMEUSCHKE MECHANICAL LLCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$312Notice and Statement of the Receiver
8UnsecuredMADISON NATIONAL LIFEdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$309Notice and Statement of the Receiver
8UnsecuredQuill Office Suppliesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$303Notice and Statement of the Receiver
8UnsecuredGERRIE ELECTRIC · in 5 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$300Notice and Statement of the Receiver
8UnsecuredPITNEY BOWES GLOBAL CREDIT SERVICES · in 5 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$295Notice and Statement of the Receiver
8UnsecuredSEYFERTH BLUMENTHAL & HARRIS LLCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$293Notice and Statement of the Receiver
8UnsecuredSHRED-IT INTERNATIONAL INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$288Notice and Statement of the Receiver
8Unsecured407 ETR · in 56 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$287Notice and Statement of the Receiver
8UnsecuredMCI Telcomdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$286Notice and Statement of the Receiver
8UnsecuredEAGLE FLUID POWERdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$284Notice and Statement of the Receiver
8UnsecuredWASTE MANAGEMENT · in 60 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$279Notice and Statement of the Receiver
8UnsecuredCITY WATER INTERNATIONAL INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$254Notice and Statement of the Receiver
8UnsecuredCATHAY INTERNACIONAL C LTDAdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$250Notice and Statement of the Receiver
8UnsecuredDeffenbaugh Industriesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$228Notice and Statement of the Receiver
8UnsecuredROUSSEAU AUTOMOTIVE COMMUNICATIONS INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$214Notice and Statement of the Receiver
8UnsecuredBRIAR PUMP AND PLUMBING LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$191Notice and Statement of the Receiver
8UnsecuredNUCAP INDUSTRIES INC (second entry)Listed twice on document — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$175Notice and Statement of the Receiver
8UnsecuredEDPRO ENERGY GROUP INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$174Notice and Statement of the Receiver
8UnsecuredBREAK TIME SNACKSdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$174Notice and Statement of the Receiver
8UnsecuredVESTA NETWORKS · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$169Notice and Statement of the Receiver
8UnsecuredCRH Transportation, Inc.debtor: Newtek Automotive Inc. · as of 13 Feb 2013$156Notice and Statement of the Receiver
8UnsecuredG & K SERVICES CANADA INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$156Notice and Statement of the Receiver
8UnsecuredATKINSON SALES COMPANY INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$152Notice and Statement of the Receiver
8UnsecuredNEBS BUSINESS PRODUCTS LIMITED · in 5 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$148Notice and Statement of the Receiver
8UnsecuredJIN JIANGdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$140Notice and Statement of the Receiver
8UnsecuredFEDERAL EXPRESS CANADA · in 9 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$138Notice and Statement of the Receiver
8UnsecuredPROTECTION ONE ALARM MONITORING, INCdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$126Notice and Statement of the Receiver
8UnsecuredBP PLUMBING LTDdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$124Notice and Statement of the Receiver
8UnsecuredEIGHNER ASSOCIATES SOUTHEASTdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$124Notice and Statement of the Receiver
8UnsecuredUline Shipping Supply · in 5 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$122Notice and Statement of the Receiver
8UnsecuredEXECULINK TELECOM · in 3 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$114Notice and Statement of the Receiver
8UnsecuredINTERTRADE SYSTEMS INC · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$113Notice and Statement of the Receiver
8UnsecuredOld Dominiondebtor: Newtek Automotive Inc. · as of 13 Feb 2013$104Notice and Statement of the Receiver
8UnsecuredWORLD LINK COMMUNICATIONSdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$100Notice and Statement of the Receiver
8UnsecuredUNIQUE COFFEE SERVICES INC. · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$98Notice and Statement of the Receiver
8UnsecuredTNT EXPRESS (CANADA) LTD T46259 · in 4 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$90Notice and Statement of the Receiver
8UnsecuredMCKEEVER, KEVINdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$80Notice and Statement of the Receiver
8UnsecuredCARDINAL COURIERS LTD · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$79Notice and Statement of the Receiver
8UnsecuredThe Hartford Group Benefitsdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$62Notice and Statement of the Receiver
8UnsecuredMichigan Department of Licensing and RegRegulatory — debtor: Newtek Automotive Inc. · as of 13 Feb 2013$60Notice and Statement of the Receiver
8UnsecuredFERRELLGASdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$37Notice and Statement of the Receiver
8UnsecuredTime Warner Cable · in 2 casesdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$28Notice and Statement of the Receiver
8UnsecuredCITY TREASURERdebtor: Newtek Automotive Inc. · as of 13 Feb 2013$1Notice and Statement of the Receiver
8UnsecuredCANADA REVENUE AGENCY · in 926 casesAmount listed as Unknown; deemed trust class — debtor: Newtek Automotive Inc. · as of 13 Feb 2013—Notice and Statement of the Receiver
8UnsecuredCANADA BORDER SERVICES AGENCY · in 17 casesAmount listed as Unknown — debtor: Newtek Automotive Inc. · as of 13 Feb 2013—Notice and Statement of the Receiver
8UnsecuredCANADA REVENUE AGENCY RE: SOURCE DEDUCTIONSAmount listed as Unknown; deemed trust class, source deductions — debtor: Newtek Automotive Inc. · as of 13 Feb 2013—Notice and Statement of the Receiver
8UnsecuredMINISTRY OF FINANCE, EHTAmount listed as Unknown; regulatory (Employer Health Tax) — debtor: Newtek Automotive Inc. · as of 13 Feb 2013—Notice and Statement of the Receiver
8UnsecuredJINAN GOLD PHOENIX BRAKES C/O GOWLINGS LLPAmount shown as dash/blank in listing — debtor: Newtek Automotive Inc. · as of 13 Feb 2013—Notice and Statement of the Receiver
8UnsecuredWORKPLACE SAFETY & INSURANCE BOARD · in 49 casesAmount listed as Unknown; regulatory — debtor: Newtek Automotive Inc. · as of 13 Feb 2013—Notice and Statement of the Receiver

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

Sale processPer the transactions

3 transactions · 2 closed · 1 approvedThird Report to Court dated September 8, 2015 · 8 Sep 2015

PurchaserPriceStatusSource
ultimate purchasers at liquidation sale, unnamedthe Company's inventory, machinery and equipment listed on Schedule "A" hereto (the "Assets") · auction · agreement 15 Mar 2013not statedApproved21 Mar 2013Approval and Vesting Order dated March 21, 2013
liquidator that purchased the Company's machinery, equipment and inventorythe Company's machinery, equipment and inventory · auctionnot statedClosedThird Report to Court dated September 8, 2015
unnamedthe Company's inventory and fixed assetsnot statedClosed11 Jun 2013Third Report to Court dated September 8, 2015
AdvisorsHilco Asset Sales Canada Corp. (liquidator)Approval and Vesting Order dated March 21, 2013
RecoveriesAs declared or paid

BMO: paid in full.FinalThird Report to Court · 8 Sep 2015

ClassCreditorClaimsRecoveryBasisSource
SecuredBMO—paid in fullFinalper the receiverThird Report to Court · 8 Sep 2015
SecuredROI$2.5Mestimateda distributionconditionalper the receiverThird Report to Court · 8 Sep 2015

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.

Fees and ratesAs stated in the filings

4 engagements · 4 firms — latest: Gowling WLG (Canada) LLP, —Third Report to Court · 8 Sep 2015

FirmPeriodHoursFeesRatesSource
Duff & Phelps Canada Restructuring Inc.Receiver———$404.46stated averageMotion Record · 26 Jun 2013
Gowling Lafleur Henderson LLPCounsel———$555stated averageMotion Record · 26 Jun 2013
Gowling WLG (Canada) LLPCounsel———$471.84stated averageThird Report to Court · 8 Sep 2015
KSV Restructuring Inc.Receiver———$392.30stated averageThird Report to Court · 8 Sep 2015
Estate financialsReported figures — never derived
Total assets at filing$19.7M

As at 13 Feb 2013 · per Estimated Book Value, Unaudited (in $000's per table header) · Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. (jointly the Company) — Total secured obligations reported separately as $6,464,000 and unsecured creditors reported as approximately $16.8 million (itemized list totals $23,229,653.64 including secured and unsecured combined per Appendix A); realizable value of the Property expected to be materially lower than book values reflected.

Cash on hand

$435K

As at 8 Sep 2015Third Report to Court dated September 8, 2015

Professional fees to date

$237K

As at 8 Sep 2015Third Report to Court dated September 8, 2015

Documents
17 filings
DateDocumentFile
Motion Record returnable September 14, 2015 Part 1 of 2PDF
Motion Record returnable September 14, 2015 Part 2 of 2PDF
Order and Endorsement of Justice Penny dated September 14, 2015
  • Counsel Gowling Lafleur Henderson LLP
  • Presiding officer Justice Penny
PDF
Third Report to Court dated September 8, 2015
  • Cash on hand $435K · Note: Comprises CAD account balance of $238,020 and USD account balance of $197,118 (converted at USD exchange rate of 1.33 as at September 4, 2015). · As at: 2015-09-04 · Qualifier: approximately
  • Closing confirmed Closed · 11 Jun 2013
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: the Receiver's average hourly rate for the referenced billing period · Currency: · Invoices: · Firm text: KSV Kofman Inc. · Firm quote: Third Report of KSV Kofman Inc. as Receiver of Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · Context quote: Third Report of KSV Kofman Inc. as Receiver of Newtek Automotive Inc. and Newtek Automotive Midwest, Inc.; Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: Gowlings' average hourly rate for the referenced billing period · Currency: · Invoices: · Firm text: Gowlings · Firm quote: Gowlings' average hourly rate for the referenced billing period was $471.84. · Context quote: Gowlings' average hourly rate for the referenced billing period was $471.84.
  • Operational summary The Company ceased operations following the Receiver's appointment, with its leases disclaimed, employees terminated, and inventory/fixed assets liquidated; the Receiver is now winding down remaining matters (duty drawback dispute, HST/withholding tax issue, books and records) and seeking its discharge.
  • + 5 more extracted facts
PDF
Endorsement of Justice Morawetz dated July 4, 2013
  • Presiding officer Justice Morawetz
PDF
Order dated July 4, 2013
  • Counsel Gowling Lafleur Henderson LLP
  • Presiding officer Justice Morawetz
PDF
Motion Record returnable July4, 2013
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: pre-deferral; net of the deferral · Currency: · Invoices: · Firm text: Duff & Phelps Canada Restructuring Inc. · Firm quote: DUFF & PHELPS CANADA RESTRUCTURING INC. ("Duff & Phelps"), in its capacity as receiver and manager ("Receiver") · Context quote: in its capacity as receiver and manager ("Receiver") of the property, assets and undertaking ofNewtek Automotive Inc. and Newtek Automotive Midwest, Inc.; Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Gowling Lafleur Henderson LLP · Firm quote: GOWLING LAFLEUR HENDERSON LLP · Context quote: Lawyers for Duff & Phelps Canada Restructuring Inc.
PDF
Second Report to Court dated June 25, 2013PDF
Approval and Vesting Order dated March 21, 2013
  • Purchaser ultimate purchasers at liquidation sale, unnamed · the Company's inventory, machinery and equipment listed on Schedule "A" hereto (the "Assets") · auction · approved
  • Sale advisor Hilco Asset Sales Canada Corp. (liquidator)
PDF
Endorsement of Justice Morawetz dated March 21, 2013
  • Presiding officer Justice Morawetz
PDF
Endorsement of Justice Morawetz dated March 21, 2013.pdf
  • Presiding officer Justice Morawetz
PDF
First Report to Court dated March 15, 2013PDF
Motion Record returnable March 15, 2013
  • Counsel Gowling Lafleur Henderson LLP
PDF
Notice and Statement of the Receiver
  • Financial position Assets $19.7M · as at 13 Feb 2013 · per Estimated Book Value, Unaudited (in $000's per table header) · Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. (jointly the Company) — Total secured obligations reported separately as $6,464,000 and unsecured creditors reported as approximately $16.8 million (itemized list totals $23,229,653.64 including secured and unsecured combined per Appendix A); realizable value of the Property expected to be materially lower than book values reflected.
  • Secured creditors $2.46M · Page: 3 · As of: 2013-02-13 · Debtor: Newtek Automotive Inc. and Newtek Automotive Midwest, Inc. · Creditor: Return on Innovation Capital Ltd. (ROI)
  • Unsecured creditors $1.41K · Page: 6 · As of: 2013-02-13 · Basis: Preliminary list of creditors as submitted by the debtor · Debtor: Newtek Automotive Inc. · Creditor: CARLOS JOSE DE LA TORRE LESLIE
PDF
Appointment Order dated February13 2013.pdf
  • Applicant Bank of Montreal
  • Appointee Duff & Phelps Canada Restructuring Inc.
  • Appointee role receiver and manager
  • Court SUPERIOR COURT OF JUSTICE
  • + 3 more extracted facts
PDF
Endorsement of Justice Morawetz dated February 13, 2013
  • Presiding officer Justice Morawetz
PDF
Application Record dated January 23, 2013
  • Applicant BANK OF MONTREAL
  • Commencement date 23 January 2013
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no 13-9982-0OCL
  • + 1 more extracted fact
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Newtek Automotive Inc./Newtek Automotive Midwest, Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/newtek-automotive-inc-newtek-automotive-midwest-inc

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/newtek-automotive-inc-newtek-automotive-midwest-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.