Proceedings.

Paidiempaymentsolutions

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Closed
Proceeding
Winding-up (provincial)section 207 of the Business Corporations Act, R.S.O. 1990, c.B16
File
CV-22-00690376-00CL
Filings held17
Last activity10 Aug 2023
On the record1,413 days
OverviewSummary updated

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.

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Case updates17 dated entries
#Filing

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

Parties

Debtor

Paidiempaymentsolutions

Liquidator

MNP

RecoveriesAs declared or paid

Unsecured creditors: paid in full. BDC paid in full.EstimatedMotion Record · 2 Aug 2023

ClassCreditorClaimsRecoveryBasisSource
SecuredBDC$165Kprovenpaid in full$165KFinalper the liquidatorMotion Record · 2 Aug 2023
Unsecured$417Kprovenpaid in fullconditionalEstimatedper the liquidatorMotion Record · 2 Aug 2023
Equity$4.48Mprovenshort by $1MEstimatedper the liquidatorMotion 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.

Fees and ratesAs stated in the filings

6 engagements · 2 firmslatest: Camelino Galessiere LLP, 1 Mar – 31 Jul 2023Motion Record · 2 Aug 2023

FirmPeriodHoursFeesRatesSource
Camelino Galessiere LLPCounselperiod 4 of 41 Mar – 31 Jul 2023Approvedorder 15 Mar 2023not statedMotion Record · 2 Aug 2023
Camelino Galessiere LLPCounselperiod 4 of 4to 31 Jul 2023not statedMotion Record · 2 Aug 2023
Camelino Galessiere LLPCounselperiod 2 of 4to 30 Jun 2023not statedMotion Record · 2 Aug 2023
Camelino Galessiere LLPCounselperiod 1 of 4to 31 Mar 2023not statedMotion Record · 2 Aug 2023
MNP Ltd.Liquidatorperiod 2 of 21 Mar – 31 Jul 2023$603.90stated averageMotion Record · 2 Aug 2023
MNP Ltd.Liquidatorperiod 1 of 21 Nov 2022 – 28 Feb 2023Approved$571.47stated averageMotion Record (Approval and Vesting Order and Ancillary Order)… · 15 Mar 2023
Documents
17 filings
DateDocumentFile
Distribution, Dissolution and Discharge OrderPDF
Motion Record
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: End: 2023-07-31 · Kind: invoice · Quote: For the period from 1 March 2023 to 31 July 2023, in connection with us acting as the Court-appointed Liquidator of Paidiem Payment Solutions Inc. · Start: 2023-03-01 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: MNP Ltd. · Firm quote: MNP Ltd. (the ' Liquidator ') in its capacity as the court appointed liquidator of the respondent Paidiem Payment Solutions Inc. · Context quote: MNP Ltd. (the ' Liquidator ') in its capacity as the court appointed liquidator of the respondent Paidiem Payment Solutions Inc. (' Paidiem ') will make a motion before a judge of the Ontario Superior Court of Justice (Commercial List) on Tuesday, August 8, 2023 at 10:00 a.m. or as soon after that time as the motion can be heard.; Form: rate_chart · Rows: · Money: Approximate: false · Period: End: 2023-07-31 · Kind: interim · Quote: Camelino's hourly billing rate and hours worked during the currency of CGLLP's engagement as counsel for the Liquidator for the period commencing March 1, 2023 and ending July 31, 2023 is as follows. · Start: 2023-03-01 · Approval: Quote: By order of the Honourable Madam Justice Steele dated March 15, 2023, CGLLP's fees in the amount of $14,541.41 for the period ending on February 28, 2023 were approved. · State: approved · Order date: 2023-03-15 · Averages: · Currency: · Invoices: · Firm text: Camelino Galessiere LLP · Firm quote: CAMELINO GALESSIERE LLP · Context quote: Camelino's hourly billing rate and hours worked during the currency of CGLLP's engagement as counsel for the Liquidator for the period commencing March 1, 2023 and ending July 31, 2023 is as follows.; Form: invoice_listing · Rows: · Money: Approximate: false · Period: End: 2023-03-31 · Kind: invoice · Quote: TO PROFESSIONAL SERVICES RENDERED with respect to the above matter during the period ending March 31, 2023 including: · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Camelino Galessiere LLP · Firm quote: CAMELINO GALESSIERE LLP · Context quote: CGLLP issued invoices for its fees for the period beginning March; Form: invoice_listing · Rows: · Money: Approximate: false · Period: End: 2023-06-30 · Kind: invoice · Quote: TOPROFESSIONAL SERVICES RENDERED with respect to the above matter during the period ending June 30, 2023 including: · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Camelino Galessiere LLP · Firm quote: CAMELINO GALESSIERE LLP · Context quote: CGLLP issued invoices for its fees for the period beginning March; Form: invoice_listing · Rows: · Money: Approximate: false · Period: End: 2023-07-31 · Kind: invoice · Quote: TO PROFESSIONALSERVICESRENDERED with respect to the above matter during the period ending July 31, 2023 including: · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Camelino Galessiere LLP · Firm quote: CAMELINO GALESSIERE LLP · Context quote: CGLLP issued invoices for its fees for the period beginning March
  • Recovery outcome Entries: per actual; per estimated; per estimated; per estimated · Table missing:
PDF
Aide Memoire Of The Liquidator (returnable on July 20, 2023)PDF
Ancillary OrderPDF
Approval and Vesting Order datedPDF
Endorsement of Madam Justice Steele J. dated
  • Presiding officer Justice Steele
PDF
Factum of the LiquidatorPDF
Motion Record (Approval and Vesting Order and Ancillary Order) returnable
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: · Period: End: 2023-02-28 · Kind: invoice · Quote: For the period from 1 November 2022 to 31 December 2022, in connection with us acting as the Court-appointed Liquidator of Paidiem Payment Solutions Inc. · Start: 2022-11-01 · Approval: Quote: THIS COURT ORDERS that the professional fees of the Liquidator and the Liquidator's counsel for the period ending February 28, 2023 as set on in appendices I and J of the First Report of the Monitor are hereby approved. · State: approved · Averages: — · Currency: · Invoices: Quote: For the period from 1 November 2022 to 31 December 2022, in connection with us acting as the Court-appointed Liquidator of Paidiem Payment Solutions Inc. · Period end: 2022-12-31 · Period start: 2022-11-01; Quote: For the period from 1 January 2023 to 31 January 2023, in connection with us acting as the Court-appointed Liquidator of Paidiem Payment Solutions Inc. · Period end: 2023-01-31 · Period start: 2023-01-01; Quote: For the period from 1 February 2023 to 28 February 2023, in connection with us acting as the Court-appointed Liquidator of Paidiem Payment Solutions Inc. · Period end: 2023-02-28 · Period start: 2023-02-01 · Firm text: MNP Ltd. · Firm quote: MNP Ltd. (the ' Liquidator ') in its capacity as the court appointed liquidator of the respondent Paidiem Payment Solutions Inc. · Context quote: in connection with us acting as the Court-appointed Liquidator of Paidiem Payment Solutions Inc.
  • Proceeding type winding_up_provincial
  • Statutory basis section 207 of the Business Corporations Act, R.S.O. 1990, c.B16
PDF
Letter to Claimant datedPDF
Schedule B- Notice of ClaimPDF
Schedule C-Notice of Determination of ClaimPDF
Schedule D-Notice of ObjectionPDF
Schedule E-Proof of ClaimPDF
Schedule A-Tear sheet of newspaper advertisement published in National Post onPDF
Approved Liquidation Order datedPDF
Endorsement of Mr. Justice Cavanagh, dated
  • Presiding officer Justice Cavanagh
PDF
Application Record dated
  • Commencement date 8 November 2022
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (Commercial List)
  • Court file no CV-22-00690376-00CL
  • Statutory basis section 207 of the Business Corporations Act, RSO 1990, c B.16
PDF

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

CiteProceedings., “Paidiempaymentsolutions” (Winding-up (provincial)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/paidiempaymentsolutions

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/paidiempaymentsolutions

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.