#Order
A further order of Justice Dunphy dated September 8, 2026 was made in the same proceeding.
Source: Endorsement of the Honourable Justice Dunphy dated September 8, 2026
Premium Tire Sales & Service Ltd.
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- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- File
- CL-26-00000380-0000
Filings held2
Last activity8 Sep 2026
On the record58 days
OverviewSummary updated
Premium Tire Sales & Service Ltd. has been the subject of insolvency proceedings in the Ontario Superior Court of Justice since September 8, 2026, under court file no. CL-26-00000380-0000. Royal Bank of Canada is the applicant, proceeding under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. msi Spergel inc. holds the appointment as receiver and manager. The matter remains active.
Proceedings AIOpen Proceedings AI
Case updates2 dated entries
#Order
On Royal Bank of Canada's application, Justice Dunphy appointed msi Spergel inc. receiver and manager of Premium Tire Sales & Service Ltd. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act.
Source: Order of the Honourable Justice Dunphy dated September 8, 2026
AnalysisAll insights
Case update
Premium Tire: what it cost Bridgestone to keep its tires out
Royal Bank's receivership application against a Toronto tire distributor was adjourned a week so the bank could settle with Bridgestone Canada, which holds prior-ranking security over the inventory it supplied. The order Justice Dunphy signed on September 8 carves that inventory out of the receiver's appointment — and makes Bridgestone pay the receiver's cost of supervising its removal, plus a pro rata share of any deemed-trust claim against the estate.
Parties
Debtor
Premium Tire Sales & Service Ltd.
Receiver
msi Spergel inc.
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bridgestone Canada Inc. · in 4 casesGeneral security agreement dated July 13, 2008 granted by the Debtor, as amended by letter agreement dated July 24, 2012, over tire inventory ('Bridgestone Inventory') — Perfected security interest limited to specific tire inventory, excluded from Receiver's Property; required to reimburse Receiver pro rata for Priority Claims based on net recovery relative to other secured creditors — debtor: Premium Tire Sales & Service Ltd. | — | Order of the Honourable Justice Dunphy dated September 8, 2026 |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
Every creditor and every amount.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Documents2 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Dunphy dated September 8, 2026
| PDF · Subscribers | |
Order of the Honourable Justice Dunphy dated September 8, 2026
| 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., “Premium Tire Sales & Service Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/premium-tire-sales-service-ltd