Proceedings.

Stevens Omni Inc. and Soflex Logistics Inc., in Receivership

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Active
Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-24-00005012-0000
Filings held6
Last activity27 Mar 2025
On the record654 days
Secured debt$2.84M
OverviewSummary updated

A court-appointed receivership was commenced on December 6, 2024 in the Ontario Superior Court of Justice, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, bearing court file number CV-00005012-0000. The proceeding is active.

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Case updates5 dated entries · 1 undated
Undated filings1 — no date appears on the document · show
Filing

Service List Application filed

PDF

Parties

Debtor

File Documents

Receiver

Albert Gelman

Capital structureAs asserted in the filings
stated amounts, drawn to scale
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesHST arrears owed by SOI; deemed trust class claim (quasi-governmental) — debtor: Stevens Omni Inc. · as of 31 Jul 2024$503KApplication Record of the Applicant, The Toronto-Dominion Bank dated October 30, 2024;
4SecuredThe Toronto-Dominion Bank · in 111 casesGeneral Security Agreement dated October 1, 2012 (all present and after-acquired personal property); Bank Act Security dated October 1, 2021; perfected PPSA Financing Statement; Operating Loan facility limit $5,000,000; Credit Card Facility limit $136,000 (facility limits, not balances) — Exact dated balance per demand letter, comprised of Operating Loan $2,822,678.63, Visa (4 cards) $8,024.27 and Paid Professional Fees $7,104.46; plus Visa Contingency of $82,500.00 and Admin/Discharge Fees of $25,000.00 due on payout. Same figure and date cited in Notice of Application para 5 as the 'Indebted · as of 21 Aug 2024$2.84MApplication Record of the Applicant, The Toronto-Dominion Bank dated October 30, 2024;
4SecuredHer Majesty in Right of Ontario, as represented by the Minister of Finance (Ministry of Finance, AM & Collections Branch)PPSA registration (registered claim, cited as a default trigger under the Letter Agreement) — Registration amount stated in connection with SOI's default; no date of balance given, treated as a registered claim amount rather than a dated outstanding balance — debtor: Stevens Omni Inc.$23.3KApplication Record of the Applicant, The Toronto-Dominion Bank dated October 30, 2024;

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.

RecoveriesAs stated in the filings

Service Canada: $36K.EstimatedFirst Report of the Receiver March 25, 2025 · 25 Mar 2025

ClassCreditorClaimsRecoveryBasisSource
WEPPAService Canada$36KEstimatedper the receiverFirst Report of the Receiver March 25, 2025 · 25 Mar 2025
SecuredTD$400KEstimatedper the receiverFirst Report of the Receiver March 25, 2025 · 25 Mar 2025
SecuredTDToronto-Dominion BankshortfallEstimatedper the receiverMotion Record of the Receiver – 27 Mar 2025 · 25 Mar 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.

Documents6 filings
DateDocumentFile
Motion Record of the Receiver – 27 Mar 2025
  • Recovery outcome Entries: per estimated; per unstated; per unstated · Stated on: 2025-03-25 · Table missing:
PDF
First Report of the Receiver March 25, 2025
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2025-03-25 · Table missing:
  • Secured creditors $3M · Note: Stated as approximate ('approximately $3.0 million, plus interest and costs, which continue to accrue'); same approximate figure also stated as of August 21, 2024 (demand/NOI date) in para 2. TD is Companies' senior/principal secured creditor. Legal opinion obtained confirming validity/enforceability of TD security. · Page: 11 · As of: Appointment Date (December 6, 2024) · Debtor: Stevens Omni Inc. and Soflex Logistics Inc. · Creditor: The Toronto-Dominion Bank (TD) · Security: General security agreement from SOI; guarantee and general security agreement from Soflex (collectively, the 'TD Security'), securing Demand Operating Facility Agreement dated October 28, 2021
PDF
Appointment Order of Receiver by Justice Emery dated December 6, 2024
  • Applicant THE TORONTO-DOMINION BANK
  • Appointee Albert Gelman Inc.
  • Appointee role receiver
  • Commencement date 6 December 2024
  • + 5 more extracted facts
PDF
Endorsement of Emery J appointing Receiver, dated December 6, 2024.
  • Presiding officer Justice Emery
PDF
Application Record of the Applicant, The Toronto-Dominion Bank dated October 30, 2024;
  • Applicant THE TORONTO-DOMINION BANK
  • Commencement date 30 October 2024
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-24-00005012-0000
  • + 3 more extracted facts
PDF
Service ListPDF

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

CiteProceedings., “Stevens Omni Inc. and Soflex Logistics Inc., in Receivership” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/stevens-omni-inc-and-soflex-logistics-inc-in-receivership

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/stevens-omni-inc-and-soflex-logistics-inc-in-receivership

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.