Ontario Grounds Care Inc

Ontario Grounds Care Inc. has been bankrupt under the Bankruptcy and Insolvency Act since January 23, 2024, with MNP Ltd. acting as trustee of the Ontario estate under court file 32-3033836. Proven claims run to $251,691 in unsecured debt, against a Statement of Affairs figure of $190,075, with preferred claims stated at nil. On the secured side, the Canada Revenue Agency asserts a statutory deemed trust over all assets for unremitted source deductions, proven at $110,467 against a Statement of Affairs figure of $150,000; the CRA has not yet filed a claim quantifying the full amount. Two PPSA equipment financiers, Trillium Ford Lincoln Limited and Newport Leasing Limited, held serialized vehicle security, but the vehicles were returned to the leasing company before the bankruptcy. The proceeding remains active.