Paidiempaymentsolutions
- Proceeding
- Winding-up (provincial)section 207 of the Business Corporations Act, R.S.O. 1990, c.B16
- File
- CV-22-00690376-00CL
- Industry
- Financial services · Payments, FX & fintech
Paidiem Payment Solutions is the subject of an insolvency proceeding in the Ontario Superior Court of Justice, sitting on the Commercial List, commenced on November 8, 2022. The matter carries court file number CV-22-00690376-00CL. It rests on section 207 of the Business Corporations Act, RSO 1990, c B.16, the Ontario corporate statute, rather than on federal insolvency legislation. The proceeding is now closed.
A claims procedure has been established — see the order for deadlines.
Motion Record (Approval and Vesting Order and Ancillary Order) returnable — Application / notice of application
Schedule A-Tear sheet of newspaper advertisement published in National Post on — Notice to creditors
Opened the file in the Commercial List of the Ontario Superior Court of Justice as court file CV-22-00690376-00CL; the record names no applicant and specifies no relief sought.
Source: Application Record dated
Debtor
Paidiempaymentsolutions
Liquidator
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 3 orders, Mar 2023 | 245 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Nov 2022 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| LiquidatorMNP | Camelino Galessiere LLP | 15 Mar 2023 | Order · 15 Mar 2023 |
Unsecured creditors: paid in full. BDC paid in full.EstimatedMotion Record · 2 Aug 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | BDC | proven | paid in full | Finalper the liquidator | Motion Record · 2 Aug 2023 |
| Unsecured | — | proven | paid in fullconditional | Estimatedper the liquidator | Motion Record · 2 Aug 2023 |
| Equity | — | proven | short by | Estimatedper the liquidator | Motion Record · 2 Aug 2023 |
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.
5 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 plans6 engagements · 2 firms — latest: Camelino Galessiere LLP, 1 Mar – 31 Jul 2023Motion Record · 2 Aug 2023
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Camelino Galessiere LLPCounselperiod 4 of 4 | 1 Mar – 31 Jul 2023Approvedorder 15 Mar 2023 | — | — | not stated | Motion Record · 2 Aug 2023 |
| Camelino Galessiere LLPCounselperiod 4 of 4 | to 31 Jul 2023 | — | — | not stated | Motion Record · 2 Aug 2023 |
| Camelino Galessiere LLPCounselperiod 2 of 4 | to 30 Jun 2023 | — | — | not stated | Motion Record · 2 Aug 2023 |
| Camelino Galessiere LLPCounselperiod 1 of 4 | to 31 Mar 2023 | — | — | not stated | Motion Record · 2 Aug 2023 |
| MNP Ltd.Liquidatorperiod 2 of 2 | 1 Mar – 31 Jul 2023 | — | — | Motion Record · 2 Aug 2023 | |
| MNP Ltd.Liquidatorperiod 1 of 2 | 1 Nov 2022 – 28 Feb 2023Approved | — | — | Motion Record (Approval and Vesting Order and Ancillary Order)… · 15 Mar 2023 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Distribution, Dissolution and Discharge Order
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Aide Memoire Of The Liquidator (returnable on July 20, 2023)
| PDF · Subscribers | |
Ancillary Order
| PDF · Subscribers | |
Approval and Vesting Order dated
| PDF · Subscribers | |
Endorsement of Madam Justice Steele J. dated
| PDF · Subscribers | |
Factum of the Liquidator
| PDF · Subscribers | |
Motion Record (Approval and Vesting Order and Ancillary Order) returnable
| PDF · Subscribers | |
| Letter to Claimant dated | PDF · Subscribers | |
| Schedule B- Notice of Claim | PDF · Subscribers | |
| Schedule C-Notice of Determination of Claim | PDF · Subscribers | |
| Schedule D-Notice of Objection | PDF · Subscribers | |
| Schedule E-Proof of Claim | PDF · Subscribers | |
| Schedule A-Tear sheet of newspaper advertisement published in National Post on | PDF · Subscribers | |
Approved Liquidation Order dated
| PDF · Subscribers | |
Endorsement of Mr. Justice Cavanagh, dated
| PDF · Subscribers | |
Application Record dated
| 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., “Paidiempaymentsolutions” (Winding-up (provincial)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/paidiempaymentsolutions