RTK
- Proceeding
- Receivership (court-appointed)section 101 of the Courts of Justice Act, R.S.O. 1990, c. C-43
- File
- CV-17-588590-00CL
- Industry
- Manufacturing · Wood, paper & printing
RTK WP Canada, ULC has been in insolvency proceedings in Ontario since July 8, 2021, and the matter remains active. The trustee's preliminary report to creditors states that there are no assets available to the estate and that there will be no distribution to creditors: all prior assets were sold through the court-appointed receivership process, leaving no Class I, II or III assets. A $50,000 transfer from the receivership was approved to cover the costs of administering the estate. The Canada Revenue Agency's HST claim of $1,421,931.93, filed as a secured or priority claim in the receivership, will become unsecured, according to the trustee.
A claims procedure has been established — see the order for deadlines.
Per the Claims Procedure Update.PDF.
Certificate of Appointment.pdf was filed. Court file 21-2750773.
Source: Certificate of Appointment.pdf
The officer filed report no. First Report. The mill ceased operations before the receivership and is in 'cold idle' status, with the Receiver securing the assets using a former mill manager and four former employees as 24/7 security. A court-approved sales process is under way with a Proposed Purchaser in extended due diligence, and the Receiver seeks to raise its borrowing limit above $500,000 mainly because of high electricity costs.
The officer filed report no. First Report. The mill ceased operations before the receivership and is in 'cold idle' status, with most employees laid off. The receiver keeps a former mill manager and four former employees for oversight and 24/7 security while a sales process continues with a conditionally accepted Proposed Purchaser.
Source: Second Report of the Receiver - December 21, 2018.pdf
Undated filings4 — no date appears on the document · show
Debtor
RTK
Receiver
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Canada Revenue Agency · in 985 casesas of receivership claim filing date — Claim was filed as secured/priority in the receivership for outstanding HST; per Trustee's report it 'will become unsecured as a result of the bankruptcy'; deemed trust/CRA quasi-governmental claim — debtor: RTK WP Canada, ULC | $1.42M | Trustee Preliminary Report.pdf |
Unsecured creditors: no distribution.Trustee Preliminary Report.pdf · 15 Jul 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | per the trustee | Trustee Preliminary Report.pdf · 15 Jul 2021 |
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.
As at ·
Cumulative receipts
$812K
As at 20 May 2018First Report of Receiver - June 15, 2018.pdf
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee Preliminary Report.pdf
| PDF · Subscribers | |
Creditor's Package - RTK WP Canada, ULC - B.pdf
| PDF · Subscribers | |
Certificate of Appointment.pdf
| PDF · Subscribers | |
| Motion Record dated June 23, 2021.pdf | PDF · Subscribers | |
| General Creditor Claims Package.pdf | PDF · Subscribers | |
Schedule B - Notice to General Creditors of Filing of Claims.pdf
| PDF · Subscribers | |
| Schedule C - Proof of Claim Instruction Letter.pdf | PDF · Subscribers | |
Third Report of the Receiver - April 4, 2019.pdf
| PDF · Subscribers | |
Second Report of the Receiver - December 21, 2018.pdf
| PDF · Subscribers | |
Motion Record - June 18, 2018.pdf
| PDF · Subscribers | |
First Report of Receiver - June 15, 2018.pdf
| PDF · Subscribers | |
| Schedule D - Proof of Claim Form.pdf | PDF · Subscribers | |
Application Record - December 18, 2017.pdf
| PDF · Subscribers | |
| Report of the Proposed Receiver - December 18, 2017.pdf | PDF · Subscribers | |
| Claims Procedure Update.PDF | PDF · Subscribers | |
| Notice and Statement of the Receiver.pdf | PDF · Subscribers | |
| Proof of Claim and Proxy Form.pdf | PDF · Subscribers | |
Teaser.pdf
| 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., “RTK” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/rtk