Ng, Gary Man Kin
- Proceeding
- BankruptcyBIA
- File
- BK-22-00208573-OT31
Gary Man Kin Ng is the subject of court-appointed receivership proceedings in the Ontario Superior Court of Justice, brought under BIA s. 243 and provincial Judicature Act authority, commenced 29 June 2022 on the application of FUNG-BC Holdings Ltd. under court file BK-22-00208573-OT31. KSV Restructuring Inc. acts as trustee, with security recorded at $0 on the certificate of filing. A further application was filed 22 December 2022, and the matter remains active. A creditor mailing list for claims of $25 or more, as of 20 April 2023, records the Investment Industry Regulatory Organization of Canada at $5,194,000 and FUNG-BC Holdings Ltd. at $4,000,000, followed by The Toronto Dominion Bank at $155,000, Betty Ng at $154,556, Scotiabank at $116,928 and Capital One (Canada Branch) at $12,000. Other creditors, including litigation-related claimants, appear at a nominal $1.
Motion Record of Gary Man Kin Ng re Appeal of Conditional Discharge Order August 20, 2025 — Application / notice of application
Case Conference Endorsement re Gary Ng’s counterclaim and third-party claims dated August 5, 2025 — Endorsement / reasons
Aide-Memoire of the Receiver of BFI - Case Conference February 15, 2024 — Court officer report
Aide-mémoire of FUNG BC Holdings Ltd. - Case Conference February 15, 2024 — Application / notice of application
Gary Ng's Aide Memoire - Case Conference dated February 15, 2024 — Application / notice of application
A further application, dated December 22, 2022, was filed in the same Ontario Superior Court of Justice proceeding, in which KSV Restructuring Inc. acts as trustee.
Source: Reply Application Record of FUNG-BC Holdings Ltd. dated December 22, 2022
Responding Application Record of Gary Man Kin Ng dated November 28, 2022 — Application / notice of application
Notice Disputing Application of Gary Man Kin Ng dated September 26, 2022 — Notice of dispute (claims)
Motion Record of FUNG-BC Holdings Ltd. dated August 3, 2022 — Application / notice of application
FUNG-BC Holdings Ltd. commenced the proceeding against Gary Man Kin Ng in the Ontario Superior Court of Justice, court file BK-22-00208573-OT31.
Source: Application for Bankruptcy Order dated June 29, 2022
Debtor
Ng, Gary Man Kin
Trustee in bankruptcy
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 13 orders, Nov 2023 – Sep 2026 | 318 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 5 orders, Aug 2025 – Oct 2025 | 168 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 4 orders, Feb 2026 – Apr 2026 | 198 cases on record |
| Justice Ilchenko | Ontario Superior Court of Justice | 3 orders, Aug 2022 – Mar 2026 | 20 cases on record |
| Justice Morawetz | Ontario Superior Court of Justice | 2 orders, Feb 2024 | 141 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Apr 2023 | 143 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyKSV | Fasken Martineau DuMoulin LLP | 25 Mar 2024 | Order · 25 Mar 2024 |
| Trustee in bankruptcyKSV Restructuring Inc | Fasken Martineau DuMoulin LLP | 18 Jan 2024 | Endorsement · 18 Jan 2024 |
| Applicant | Ross Nasseri LLP · Aird & Berlis LLP | 5 Apr 2023 | Endorsement · 28 Feb 2024 |
| ApplicantBlackRock | Osler, Hoskin & Harcourt LLP | 4 Sep 2026 | Order · 4 Sep 2026 |
| ApplicantFUNG-BC Holdings Ltd | Aird & Berlis LLP | 9 Aug 2022 | Order · 9 Aug 2022 |
| ApplicantSerena King-Sum Lee | Tupman & Bloom LLP | 17 Oct 2025 | Order · 17 Oct 2025 |
| CreditorBlackRock, Inc | Osler, Hoskin & Harcourt LLP | 18 Jan 2024 | Endorsement · 18 Jan 2024 |
| CreditorFUNG-BC Holdings Ltd | Aird & Berlis LLP | 13 Feb 2023 | Endorsement · 18 Jan 2024 |
| CreditorPricewaterhouseCoopers Inc | Ross Nasseri LLP | 18 Jan 2024 | Endorsement · 18 Jan 2024 |
| CreditorSerena King-Sum Lee | Tupman & Bloom LLP | 3 Aug 2022 | Application · 3 Aug 2022 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Investment Industry Regulatory Organization of CanadaRegulatory claim — debtor: Gary Man Kin Ng · as of 20 Apr 2023 | $5.19M | Notice to Creditors dated April 20, 2023 |
| Unsecured | |||
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| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
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| Unsecured | |||
| Unsecured |
14 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.Motion Record of Gary Man Kin Ng re Appeal of Conditional Discharge… · 22 Jul 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | unsecured admitted claims | — | conditional | — | Motion Record of Gary Man Kin Ng re Appeal of Conditional Discharge… · 22 Jul 2025 |
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 plans| Date | Document | File |
|---|---|---|
Section 38 Order re the Whitehorse Action dated September 4, 2026
| PDF · Subscribers | |
| Court of Appeal Endorsement dated May 4, 2026 | PDF · Subscribers | |
Court Order dated May 1, 2026
| PDF · Subscribers | |
Endorsement of Justice Kimmel dated April 7, 2026
| PDF · Subscribers | |
Endorsement of Justice Kimmel dated March 6, 2026
| PDF · Subscribers | |
Endorsement of Justice Ilchenko dated March 2, 2026
| PDF · Subscribers | |
Court Order re Assignment of Claims dated February 10, 2026
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Endorsement of Justice Kimmel dated February 10, 2026
| PDF · Subscribers | |
Endorsement of Justice Ilchenko dated December 2, 2025
| PDF · Subscribers | |
Endorsement of Justice Rappos dated December 2, 2025
| PDF · Subscribers | |
Endorsement of Justice Osbone dated October 17, 2025
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Third Party Lift Stay Order dated October 17, 2025 - Jenny Virginia Coco and Rock-Anthony Coco
| PDF · Subscribers | |
Third Party Lift Stay Order dated October 17, 2025 - KPMG
| PDF · Subscribers | |
Third Party Lift Stay Order dated October 17, 2025 - Serena King-Sum Lee
| PDF · Subscribers | |
| Responding Submissions of the Trustee dated August 29, 2025 | PDF · Subscribers | |
Motion Record of Gary Man Kin Ng re Appeal of Conditional Discharge Order August 20, 2025
| PDF · Subscribers | |
Case Conference Endorsement re Gary Ng’s counterclaim and third-party claims dated August 5, 2025
| PDF · Subscribers | |
Conditional Discharge Order Issued and Entered July 16, 2025
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated July 16, 2025
| PDF · Subscribers | |
| Fourth Report of Trustee dated May 30, 2025 | PDF · Subscribers | |
Endorsement of Justice Cavanagh dated May 1, 2025
| PDF · Subscribers | |
| Third Report of the Trustee dated March 26, 2025 | PDF · Subscribers | |
Aide-Memoire of the Trustee in Bankruptcy – Case Conference dated December 10, 2024
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated December 10, 2024
| PDF · Subscribers | |
| Gary Ng’s Aide Memoire – Case Conference dated December 10, 2024 | PDF · Subscribers | |
| Second Report of the Trustee dated September 25, 2024 | PDF · Subscribers | |
Court Order re Discharge Hearing dated March 25, 2024
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated March 25, 2024
| PDF · Subscribers | |
Court Order dated February 28, 2024
| PDF · Subscribers | |
Endorsement of Justice Morawetz dated February 28, 2024
| PDF · Subscribers | |
| Aide Memoire of the BlackRock Funds - Case Conference February 15, 2024 | PDF · Subscribers | |
| Aide-Memoire of the Receiver of BFI - Case Conference February 15, 2024 | PDF · Subscribers | |
Aide-mémoire of FUNG BC Holdings Ltd. - Case Conference February 15, 2024
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated February 15, 2024
| PDF · Subscribers | |
| Gary Ng's Aide Memoire - Case Conference dated February 15, 2024 | PDF · Subscribers | |
Endorsement of Justice Cavanagh dated January 18, 2024
| PDF · Subscribers | |
| Supplementary Report of the Trustee dated January 16, 2024 | PDF · Subscribers | |
Court Order re Amendment to Bankruptcy Order dated November 21, 2023
| PDF · Subscribers | |
Court Order re Document Production dated November 21, 2023
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated November 21, 2023
| PDF · Subscribers | |
| Trustee's Preliminary Report to Creditors dated May 11, 2023 | PDF · Subscribers | |
Notice to Creditors dated April 20, 2023
| PDF · Subscribers | |
Bankruptcy Order dated April 5, 2023
| PDF · Subscribers | |
Bankruptcy Reasons for Decision of Justice McEwen dated April 5, 2023
| PDF · Subscribers | |
Reasons for Decision of Justice McEwen dated April 5, 2023
| PDF · Subscribers | |
Factum of FUNG-BC Holdings Ltd. dated February 13, 2023
| PDF · Subscribers | |
| Factum of Gary Man Kin Ng dated February 13, 2023 | PDF · Subscribers | |
| Affidavit of Gary Man Kin Ng sworn January 17, 2023 | PDF · Subscribers | |
Reply Application Record of FUNG-BC Holdings Ltd. dated December 22, 2022
| PDF · Subscribers | |
Responding Application Record of Gary Man Kin Ng dated November 28, 2022
| PDF · Subscribers | |
| Notice Disputing Application of Gary Man Kin Ng dated September 26, 2022 | PDF · Subscribers | |
Endorsement of Justice Ilchenko dated August 9, 2022
| PDF · Subscribers | |
Order for Substituted Service of Bankruptcy Application dated August 9, 2022
| PDF · Subscribers | |
Motion Record of FUNG-BC Holdings Ltd. dated August 3, 2022
| PDF · Subscribers | |
Application for Bankruptcy Order dated June 29, 2022
| 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., “Ng, Gary Man Kin” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/ng-gary-man-kin