Restoration Co. Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00099388-0000
- Industry
- Construction · Specialty trade contractors
Restoration Co. Inc. has been under court-appointed receivership in Ontario since May 6, 2025, when the Ontario Superior Court of Justice appointed MNP Ltd. as receiver on the application of Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act (court file CV-25-00099388-0000). The receiver took possession on May 7, 2025, at which date RBC was owed $2,222,405 under a general security agreement dated July 24, 2019 and a security agreement dated July 7, 2022. Also secured were a CRA deemed trust claim of $32,237, Capital Truck Sales at $4,339, and equipment and vehicle financiers registered under the PPSA, including Addison Leasing, Ford Credit Canada Limited, Ottawa Motor Sales o/a Donnelly Ford Lincoln and De Lage Landen Financial Services Canada Inc. The receiver has reported other creditors headed by Herc Rentals at $109,101 and Abatement Technologies at $102,560. The receivership remains active.
Placed Restoration Co. Inc. into court-appointed receivership on Tuesday, May 6, 2025, commencing the proceeding under BIA s. 243 and provincial Judicature Act jurisdiction.
Source: Receivership Order
Debtor
Restoration Co. Inc.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice MacLeod | Ontario Superior Court of Justice | 1 order, May 2025 | 22 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Soloway Wright LLP | 6 May 2025 | Order · 6 May 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Ontario · in 259 casesas of receivership taking possession date, May 7, 2025 — Deemed trust / regulatory class claim (CRA) — debtor: Restoration Co. Inc. | $32.2K | Creditors Package |
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
49 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Royal Bank of Canada: a distribution.Motion Record of the Receiver · 20 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Royal Bank of Canada | — | interim | per the receiver | Motion Record of the Receiver · 20 Apr 2026 |
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.
1 blurred figure 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 plans| Date | Document | File |
|---|---|---|
Motion Record of the Receiver
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Application Record | 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., “Restoration Co. Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/restoration-co-inc