Tankhouse Development Inc. has been in court-appointed receivership since August 24, 2022, with MNP Ltd. as receiver, on the application of the Business Development Bank of Canada in the Ontario Superior Court of Justice, file CV-22-00089649-0000. The proceeding remains active. BDC's claim stands at $1,566,470.00, secured by a General Security Agreement dated December 16, 2016, mortgages registered on title to the land and building dated January 10, 2017, and personal guarantees from shareholders. Other secured claims include FCC / FAC Farm Credit at $279,467.00, Trenval Business Development Corporation at $183,354.00 and the City of Belleville at $56,249.00. The receiver's Form 87 statement values the Corbyville land at 86 River Road at $2,740,000.00 and various equipment at $200,000.00. The largest unsecured claims are Sean Hibbert at $460,000.00, Gary York at $266,851.00, CRA tax at $257,625.00 and Niloc Enterprises Inc at $250,000.00.
The court granted an approval and vesting order for the sale to the Debtors' right, title and interest in and to the assets described in the Sales Agreement (the "Purchased Assets"). Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditions.
Source: Approval and Vesting Order
MNP Ltd. appointed receiver over Tankhouse Development Inc. on BDC's application under section 243(1) of the BIA and section 101 of the Courts of Justice Act.
Source: Court Order of the Receivership
Receivership commenced in the Ontario Superior Court of Justice under court file CV-22-00089649-0000, with the appointment made by order of Justice Sally Gomery dated the same day.
Debtor
Tankhouse Development Inc.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada - Mississauga · in 6 casesas of receiver's statement date — General Security Agreement dated December 16, 2016; registered mortgages on title of land and building dated January 10, 2017; various personal guarantees from shareholders — Receiver appointed pursuant to BDC's security — debtor: Tankhouse Development Inc. | $1.57M | Notice of Statement of Receiver |
| 4 | Secured | FCC / FAC Farm Creditas of receiver's statement date — debtor: Tankhouse Development Inc. | $279K | Notice of Statement of Receiver |
| 4 | Secured | Trenval Business Development Corporation · in 2 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $183K | Notice of Statement of Receiver |
| 4 | Secured | City of Belleville · in 3 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $56.2K | Notice of Statement of Receiver |
| 4 | Secured | North Keg Corp.as of receiver's statement date — debtor: Tankhouse Development Inc. | $3.64K | Notice of Statement of Receiver |
| 4 | Secured | CRA, Legal Servicesas of receiver's statement date — debtor: Tankhouse Development Inc. | $1.96K | Notice of Statement of Receiver |
| 4 | Secured | CLE Capital · in 4 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $1 | Notice of Statement of Receiver |
| 8 | Unsecured | Sean Hibbertas of receiver's statement date — debtor: Tankhouse Development Inc. | $460K | Notice of Statement of Receiver |
| 8 | Unsecured | Gary Yorkas of receiver's statement date — debtor: Tankhouse Development Inc. | $267K | Notice of Statement of Receiver |
| 8 | Unsecured | CRA - Tax - Ontario · in 252 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $258K | Notice of Statement of Receiver |
| 8 | Unsecured | Niloc Enterprises Incas of receiver's statement date — debtor: Tankhouse Development Inc. | $250K | Notice of Statement of Receiver |
| 8 | Unsecured | Federal Development Loanas of receiver's statement date — debtor: Tankhouse Development Inc. | $98K | Notice of Statement of Receiver |
| 8 | Unsecured | Clothbuilders Holdingsas of receiver's statement date — debtor: Tankhouse Development Inc. | $69.9K | Notice of Statement of Receiver |
| 8 | Unsecured | The Estate of the Late Richard Courneyeaas of receiver's statement date — debtor: Tankhouse Development Inc. | $62.4K | Notice of Statement of Receiver |
| 8 | Unsecured | CERB - Centre of Expertise (CRA)as of receiver's statement date — debtor: Tankhouse Development Inc. | $40K | Notice of Statement of Receiver |
| 8 | Unsecured | Workplace Safety and Insurance Board · in 164 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $25.1K | Notice of Statement of Receiver |
| 8 | Unsecured | TCS Realty Co Ltd.as of receiver's statement date — debtor: Tankhouse Development Inc. | $23.6K | Notice of Statement of Receiver |
| 8 | Unsecured | Ministry of Finance - Collections Branch, Non Tax Revenue Collections Unit · in 17 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $15.9K | Notice of Statement of Receiver |
| 8 | Unsecured | Shawna Courneyea c/o Wright Lawas of receiver's statement date — debtor: Tankhouse Development Inc. | $15K | Notice of Statement of Receiver |
| 8 | Unsecured | Tyendinaga Propane · in 3 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $12.7K | Notice of Statement of Receiver |
| 8 | Unsecured | Gordon Food Service · in 13 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $11.9K | Notice of Statement of Receiver |
| 8 | Unsecured | Working Apparel Ltdas of receiver's statement date — debtor: Tankhouse Development Inc. | $10.2K | Notice of Statement of Receiver |
| 8 | Unsecured | Patton Power Ltd.as of receiver's statement date — debtor: Tankhouse Development Inc. | $5.62K | Notice of Statement of Receiver |
| 8 | Unsecured | Canadian Linen & Uniform Service - Ottawa, ON · in 2 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $5.45K | Notice of Statement of Receiver |
| 8 | Unsecured | Ian R. Degrootas of receiver's statement date — debtor: Tankhouse Development Inc. | $4.75K | Notice of Statement of Receiver |
| 8 | Unsecured | City of Belleville - City Hallas of receiver's statement date — debtor: Tankhouse Development Inc. | $4.55K | Notice of Statement of Receiver |
| 8 | Unsecured | Maclellan Water Treatment and Pumpsas of receiver's statement date — debtor: Tankhouse Development Inc. | $3.31K | Notice of Statement of Receiver |
| 8 | Unsecured | Ecolab Co. · in 11 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $3.21K | Notice of Statement of Receiver |
| 8 | Unsecured | Messer Canada Inc., 15687as of receiver's statement date — debtor: Tankhouse Development Inc. | $2.8K | Notice of Statement of Receiver |
| 8 | Unsecured | RBC Royal Bank Visa c/o BankruptcyHighway.com · in 38 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $2.38K | Notice of Statement of Receiver |
| 8 | Unsecured | Purtek Environmentalas of receiver's statement date — debtor: Tankhouse Development Inc. | $2.21K | Notice of Statement of Receiver |
| 8 | Unsecured | Wolfgang A Kastenbergeras of receiver's statement date — debtor: Tankhouse Development Inc. | $2.19K | Notice of Statement of Receiver |
| 8 | Unsecured | Findlay Foods (Kingston) Ltdas of receiver's statement date — debtor: Tankhouse Development Inc. | $1.77K | Notice of Statement of Receiver |
| 8 | Unsecured | Briden Electrical Services Inc.as of receiver's statement date — debtor: Tankhouse Development Inc. | $1.52K | Notice of Statement of Receiver |
| 8 | Unsecured | Baldwin Lawas of receiver's statement date — debtor: Tankhouse Development Inc. | $1.48K | Notice of Statement of Receiver |
| 8 | Unsecured | Arterra Wines Canadaas of receiver's statement date — debtor: Tankhouse Development Inc. | $1.2K | Notice of Statement of Receiver |
| 8 | Unsecured | 2384575 Ontario Incas of receiver's statement date — debtor: Tankhouse Development Inc. | $565 | Notice of Statement of Receiver |
| 8 | Unsecured | C & L Property Maintenance Inc.as of receiver's statement date — debtor: Tankhouse Development Inc. | $565 | Notice of Statement of Receiver |
| 8 | Unsecured | Jeff Binghamas of receiver's statement date — debtor: Tankhouse Development Inc. | $560 | Notice of Statement of Receiver |
| 8 | Unsecured | Unifed Insurance Brokers Ltd.as of receiver's statement date — debtor: Tankhouse Development Inc. | $425 | Notice of Statement of Receiver |
| 8 | Unsecured | Hydro One Networks Inc. · in 48 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $362 | Notice of Statement of Receiver |
| 8 | Unsecured | Arctic Glacier Canada Inc. · in 2 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $319 | Notice of Statement of Receiver |
| 8 | Unsecured | Belleville Chamber of Commerceas of receiver's statement date — debtor: Tankhouse Development Inc. | $293 | Notice of Statement of Receiver |
| 8 | Unsecured | Williams Fire Protectionas of receiver's statement date — debtor: Tankhouse Development Inc. | $170 | Notice of Statement of Receiver |
| 8 | Unsecured | Envirenomental 360 Solutions (Ontario) Ltdas of receiver's statement date — debtor: Tankhouse Development Inc. | $145 | Notice of Statement of Receiver |
| 8 | Unsecured | DaValda Enterprisesas of receiver's statement date — debtor: Tankhouse Development Inc. | $95 | Notice of Statement of Receiver |
| 8 | Unsecured | Long & McQuade Musical Instruments · in 2 casesas of receiver's statement date — debtor: Tankhouse Development Inc. | $42 | Notice of Statement of Receiver |
| 8 | Unsecured | LMP Publication Limited Partnershipas of receiver's statement date — debtor: Tankhouse Development Inc. | $30 | Notice of Statement of Receiver |
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.
Sale approvedApproval and Vesting Order · 2 Nov 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser name redacted/OCR-corrupted in text, not legiblethe Debtors' right, title and interest in and to the assets described in the Sales Agreement (the "Purchased Assets") · real property · agreement 2 Aug 2023 | not stated | Approved2 Nov 2023 | Approval and Vesting Order |
| Date | Document | File |
|---|---|---|
Approval and Vesting Order
| ||
Motion Record of the Court-Appointed Receiver
| ||
Notice of Statement of Receiver
| ||
Court Order of the Receivership
| ||
Notice of Application
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Tankhouse Development Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/tankhouse-development-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/tankhouse-development-inc
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.