OMNI Conversion Technologies Inc. and 1001152347 Ontario Inc. entered bankruptcy in Ontario on April 22, 2025, under section 49 of the Bankruptcy and Insolvency Act, with Grant Thornton Limited appointed trustee. 1001152347 Ontario Inc.'s Statement of Affairs, as at April 21, 2025, reported total assets of $1.00 against total liabilities of $98,978,471.00 — a deficiency of $98,978,470.00 — with no secured creditors. Its largest unsecured claims include $39,057,947.00 owed to employees and directors, $35,888,925.00 to Canadian Water Projects Inc. and $23,834,802.00 to Omni SPC 1 Ltd.; BDO Canada LLP is owed $108,620.00 and Odyssey Partners $70,633.00.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. The Company has no ongoing business or assets, having assumed only the excluded assets, contracts and liabilities left over after OMNI's sale transaction closed; it was assigned into bankruptcy shortly thereafter and the Trustee does not anticipate any distributions to creditors.
Draft Approval and Reverse Vesting Order returnable February 27, 2025.PDF — Reverse vesting order
Debtor
OMNI Conversion Technologies Inc. and 1001152347 Ontario Inc.
Trustee in bankruptcy
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Employees and DirectorsClassified as 'Employees' claim type; may include preferred wage claims not separately broken out — debtor: 1001152347 Ontario Inc. · as of 21 Apr 2025 | $39.1M | Statement of Affairs dated April 21, 2025.pdf |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
6 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale process approved — The Court granted the SISP Approval Order authorizing the Proposal Trustee, on behalf of the Company, to undertake a sale and investment solicitation process for the Company's property and business; this NDA is a form for interested bidders.Confidentiality and Non-Disclosure Agreement.pdf · 19 Nov 2024
Unsecured creditors: no distribution.EstimatedTrustees Preliminary Report dated May 6, 2025.pdf · 6 May 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustees Preliminary Report dated May 6, 2025.pdf · 6 May 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.
As at ·
Cash on hand
$0
As at 22 Apr 2025Trustees Preliminary Report dated May 6, 2025.pdf
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 |
|---|---|---|
Trustees Preliminary Report dated May 6, 2025.pdf
| PDF · Subscribers | |
Notice of Bankruptcy dated April 24, 2025.pdf
| PDF · Subscribers | |
Amended Certificate of Appointment.pdf
| PDF · Subscribers | |
Statement of Affairs dated April 21, 2025.pdf
| PDF · Subscribers | |
| Aide Memoire of the Attorney General of Canada dated March 4, 2025.pdf | PDF · Subscribers | |
| Draft Approval and Reverse Vesting Order returnable February 27, 2025.PDF | PDF · Subscribers | |
| Draft Approval and Reverse Vesting Order.pdf | PDF · Subscribers | |
| Factum returnable February 27, 2025.PDF | PDF · Subscribers | |
| Third Report of the Proposal Trustee dated February 26, 2025.pdf | PDF · Subscribers | |
| Motion Record returnable February 27, 2025.pdf | PDF · Subscribers | |
| Factum returnable January 23, 2025.PDF | PDF · Subscribers | |
| Second Report of the Proposal Trustee dated January 20, 2025.pdf | PDF · Subscribers | |
| Motion Record returnable January 23, 2025.PDF | PDF · Subscribers | |
OMNI Conversion Technologies Inc. - Teaser.pdf
| PDF · Subscribers | |
| Factum returnable November 29, 2024.PDF | PDF · Subscribers | |
| First Report of the Proposal Trustee dated November 28, 2024.pdf | PDF · Subscribers | |
Motion Record returnable on November 29, 2024.PDF
| PDF · Subscribers | |
| Creditor Package dated November 21, 2024.pdf | PDF · Subscribers | |
Confidentiality and Non-Disclosure Agreement.pdf
| PDF · Subscribers | |
| OMNI - Retained Employee FAQ.pdf | PDF · Subscribers | |
| OMNI - Vendor FAQs.pdf | PDF · Subscribers | |
| Proof of Claim.pdf | PDF · Subscribers | |
Proxy.pdf
| 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., “OMNI Conversion Technologies Inc. and 1001152347 Ontario Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/omni-conversion-technologies-inc-and-1001152347-ontario-inc
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/omni-conversion-technologies-inc-and-1001152347-ontario-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.