#Sale
The court granted an approval and vesting order for the sale to the Debtor's and the Receiver's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction.
Richmond Hill Fine Cars
ActiveFollow
- Proceeding
- Receivership (court-appointed)SECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c. B-3, AS AMENDED; AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, c. C.43, AS AMENDED
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-25-00735188-00CL
- Industry
- Retail · Vehicle dealers
OverviewSummary updated
Richmond Hill Fine Cars is subject to a court-appointed receivership proceeding in the Ontario Superior Court of Justice, commenced January 21, 2025 under Court File No. CV-25-00735188-00CL. The application was brought under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding remains active. The record before this page consists of the commencement filing alone; no subsequent steps have been recorded.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIOpen Proceedings AI
Case updates14 dated entries · 2 undated
#Report
The officer filed report no. Trustee's Report to the First Meeting of Creditors on Preliminary Administration. RHFC ceased operations in late 2024 and had zero employees at the Bankruptcy Date; the Receiver has been liquidating the Used Vehicle Inventory and Lease Payments Receivable, with proceeds expected to be insufficient to repay the secured creditor in full and no funds anticipated for unsecured creditors.
#Report
The officer filed report no. First Report. The Debtor's used car dealership operations have ceased; the Receiver has secured the premises and inventory, engaged an auctioneer to sell the used vehicle inventory by auction, is pursuing collection of lease payments receivable and lease buyouts, and assigned the Debtor into bankruptcy on March 26, 2025.
#Filing
Notice and Statement of the Receiver dated February 3, 2025 — Notice of receiver (s. 245 / Form 87)
#Order
The court appointed KPMG Inc. as receiver, on the application of Royal Bank of Canada. Court file CV-23-00735188-00CL.
Source: Receivership Appointment Order dated January 24, 2025
#Filing
Receivership application filed in the Ontario Superior Court of Justice under BIA section 243(1) and section 101 of the Courts of Justice Act, opening file CV-25-00735188-00CL.
Undated filings2 — no date appears on the document · show
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Parties
Debtor
Richmond Hill Fine Cars
Receiver
KPMG
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 3 orders, Apr 2025 | 132 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jan 2025 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKPMG | Aird & Berlis LLP | 24 Jan 2025 | Service list · 24 Jan 2025 |
| Applicant | Borden Ladner Gervais LLP | 24 Jan 2025 | Order · 24 Jan 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 584 casesSecurity registered under the Personal Property Security Act (PPSA); Receivership Order granted on RBC's application pursuant to its security — Prose estimate in Notice states approximately $4,176,954 (per J. Gagnon Affidavit sworn Jan 21, 2025); exact figure per Appendix A list of known creditors as at Jan 24, 2025 used as amount. Receiver has not obtained a legal opinion on this security and does not acknowledge validity or quantum. — debtor: 898984 Ontario Inc. o/a Richmond Hill Fine Cars · as of 24 Jan 2025 | $4.18M | Notice and Statement of the Receiver dated February 3, 2025 |
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
Sale approved — the Auction is hereby approvedApproval and Vesting Order dated April 16, 2025 · 16 Apr 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchasers at auction, unnamedthe Debtor's and the Receiver's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction · auction | not stated | Approved16 Apr 2025 | Approval and Vesting Order dated April 16, 2025 |
AdvisorsCanamAppraiz Inc. (auctioneer)Approval and Vesting Order dated April 16, 2025
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 16 Apr 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 16 Apr 2025 |
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.
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
16 filings
| Date | Document | File |
|---|---|---|
Ancillary Relief Order dated April 16, 2025
| PDF · Subscribers | |
Approval and Vesting Order dated April 16, 2025
| PDF · Subscribers | |
Endorsement dated April 16, 2025
| PDF · Subscribers | |
Trustee's Preliminary Report dated April 16, 2025
| PDF · Subscribers | |
First Report of the Receiver dated April 7, 2025
| PDF · Subscribers | |
Notice to Creditors - 898984 Ontario Inc.
| PDF · Subscribers | |
| Certificate of assignment dated March 26, 2025 | PDF · Subscribers | |
Notice and Statement of the Receiver dated February 3, 2025
| PDF · Subscribers | |
Endorsement of J. Steele dated January 24, 2025
| PDF · Subscribers | |
Receivership Appointment Order dated January 24, 2025
| PDF · Subscribers | |
Service List as at January 24, 2025
| PDF · Subscribers | |
| Factum of the Applicant dated January 22, 2025 | PDF · Subscribers | |
Report of the Proposed Receiver dated January 22, 2025
| PDF · Subscribers | |
Application Record dated January 21, 2025
| PDF · Subscribers | |
| Proof of Claim - 898984 Ontario Inc. | PDF · Subscribers | |
| Proxy - 898984 Ontario Inc. | 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., “Richmond Hill Fine Cars” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/richmond-hill-fine-cars