Tarn Financial Corporation
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-17-11697-00CL
Filings held83
Last activity22 Oct 2025
On the record3,083 days
OverviewSummary updated
Tarn Financial Corporation has been under court-appointed receivership since April 13, 2018, when the Ontario Superior Court of Justice (Commercial List) made a receivership order in Court File No. CV-17-11697-00CL. The appointment rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority. The proceeding remains active. The record for this matter carries no steps after the date of the appointment order, and no later hearing or reporting milestone has been entered.
Claims processIf you are owed money
The claims bar date has passed — claims were due by
Per the Frequently Asked Questions - Claims Procedure Order April 17, 2018 [PDF dated 17 April 2018.
Proceedings AIAsk this case — answers cite the filings
Case updates81 dated entries · 2 undated
78 earlier updates, back to 13 April 2018 — subscribers.
Undated filings2 — no date appears on the document · show
2 filings carry no date on their face — subscribers.
Parties
Debtor
Tarn Financial Corporation
Receiver
KPMG
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice McEwen | Ontario Superior Court of Justice | 17 orders, Nov 2017 – May 2023 | 134 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKPMG | Miller Thomson LLP | 17 Nov 2017 | Application · 17 Nov 2017 |
| CreditorAli Akman and SAMM Capital Holdings Inc | McCarthy Tétrault LLP · Teplitsky, Colson LLP | 30 Apr 2018 | Service list · 30 Apr 2018 |
| CreditorAppellate, Ali Akman and SAMM Capital Holdings Inc | McCarthy Tétrault LLP | 3 Dec 2017 | Application · 3 Dec 2017 |
| CreditorKingsett Capital Inc | Lax O'Sullivan Lisus Gottlieb LLP · McCarthy Tétrault LLP | 3 Dec 2017 | Service list · 30 Apr 2018 |
| CreditorMarriott International Inc | Law Office Of Laura Faibish | 30 Apr 2018 | Service list · 30 Apr 2018 |
| CreditorMCW Consultants LTD | Goldman Sloan Nash & Haber LLP | 3 Dec 2017 | Application · 3 Dec 2017 |
| CreditorMeridian Credit Union | McCarthy Tétrault LLP · Scarfone Hawkins LLP | 3 Dec 2017 | Service list · 30 Apr 2018 |
| CreditorRoni Excavating Limited, GFL Infrastructure Group Inc | Torkin Manes LLP | 3 Dec 2017 | Application · 3 Dec 2017 |
| CreditorTarion Warranty Corporation | Torys LLP | 30 Apr 2018 | Service list · 30 Apr 2018 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesDeemed trust class - HST collected but not remitted for August 2017 and September 1-24, 2017; paid by Liquidator post-appointment given super-priority status under the Excise Tax Act (subsequently paid/discharged) — debtor: Tarn Financial Corporation · as of 25 Sep 2017 | $383K | First Report of the Liquidator dated November 13, 2017 - 11/13/2017 |
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.
7 more claims across lower-ranking classesSubscribe to view
RecoveriesAs declared or paid
Unsecured creditors: a distribution. Serdar Kocturk paid in full · Volkan Basegmez paid in full · Kingsett Mortgage Corporation a distribution.FinalEighth Report of the Liquidator and Sixth Report of the Receiver · 19 May 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Court charges | Serdar Kocturk | — | paid in full | Finalper the liquidator | Fifth Report of the Liquidator and Third Report of the Receiver dated… · 31 Oct 2018 |
| Court charges | Volkan Basegmez | — | paid in full | Finalper the liquidator | Fifth Report of the Liquidator and Third Report of the Receiver dated… · 31 Oct 2018 |
| Secured | Lien Claimants | — | a distribution | Finalper the liquidator | Eighth Report of the Liquidator and Sixth Report of the Receiver · 19 May 2023 |
| Secured | Kingsett Mortgage Corporation | — | a distribution | Finalper the liquidator | Eighth Report of the Liquidator and Sixth Report of the Receiver · 19 May 2023 |
| Secured | Meridian Credit Union | — | a distribution | Finalper the liquidator | Eighth Report of the Liquidator and Sixth Report of the Receiver · 19 May 2023 |
| Secured | Tarion Warranty Corporation | — | no distribution | Finalper the liquidator | Fifth Report of the Liquidator and Third Report of the Receiver dated… · 31 Oct 2018 |
| Secured | The Guarantee Company of North America | — | no distribution | Finalper the liquidator | Fifth Report of the Liquidator and Third Report of the Receiver dated… · 31 Oct 2018 |
| Unsecured | — | — | a distribution | Finalper the liquidator | Eighth Report of the Liquidator and Sixth Report of the Receiver · 19 May 2023 |
| Unsecured | Shareholders in Respect of Loans | — | a distribution | Finalper the liquidator | Eighth Report of the Liquidator and Sixth Report of the Receiver · 19 May 2023 |
| Unsecured | BA&B Capital Inc. | — | a distributioninterim | Finalper the liquidator | Motion Record · 9 Mar 2020 |
| Unsecured | Kaan Holdings Inc. | — | a distributioninterim | Finalper the liquidator | Motion Record · 9 Mar 2020 |
| Unsecured | SAMM Capital Holdings Inc. | — | a distributioninterim | Finalper the liquidator | Motion Record · 9 Mar 2020 |
| Equity | Shareholders in Respect of Equity | — | a distribution | Finalper the liquidator | Eighth Report of the Liquidator and Sixth Report of the Receiver · 19 May 2023 |
| class not placedTarion Warranty Corporation | Tarion Warranty Corporation | — | a distribution | Finalper the liquidator | Eighth Report of the Liquidator and Sixth Report of the Receiver · 19 May 2023 |
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.
37 stated figures across 14 outcomes, each sourcedSubscribe to view
Documents
83 filings
| Date | Document | File |
|---|---|---|
| Liquidator Discharge Certificate dated October 22, 2025 | PDF · Subscribers | |
| Receiver's Discharge Certificate dated June 15, 2023 | PDF · Subscribers | |
Endorsement of J. McEwen dated May 30, 2023
| PDF · Subscribers | |
| Motion Record Returnable May 30, 2023 | PDF · Subscribers | |
| Order regarding Fees, Conduct and Discharge of Receiver dated May 30, 2023 | PDF · Subscribers | |
| Ninth Report of the Liquidator and Seventh Report of the Receiver dated May 19, 2023 | PDF · Subscribers | |
| Endorsement of J. McEwen dated March 13, 2020 | PDF · Subscribers | |
Fifth Distribution Order dated March 13, 2020
| PDF · Subscribers | |
Motion Record Returnable March 13, 2020
| PDF · Subscribers | |
Eighth Report of the Liquidator and Sixth Report of the Receiver dated March 9, 2020
| PDF · Subscribers | |
| Order of the Applicants re Shareholder Distribution dated April 30, 2019 | PDF · Subscribers | |
| Endorsement of J. McEwen dated April 15, 2019 | PDF · Subscribers | |
| Motion Record Returnable April 15, 2019 - 04/09/2019 | PDF · Subscribers | |
Motion Record of the Applicants Returnable April 15, 2019 - 04/11/2019
| PDF · Subscribers | |
Order regarding Fees and Conduct dated April 15, 2019
| PDF · Subscribers | |
| Tarion Cash Collateral Procedure Order dated April 15, 2019 | PDF · Subscribers | |
Third Distribution Order dated April 15, 2019
| PDF · Subscribers | |
Seventh Report of the Liquidator and Fifth Report of the Receiver dated April 9, 2019 - 4/15/2019
| PDF · Subscribers | |
Consent Order of J. McEwen dated November 23, 2018
| PDF · Subscribers | |
| Endorsement of J. McEwen dated November 6, 2018 | PDF · Subscribers | |
| Motion Record Returnable November 6, 2018 - 10/31/2018 | PDF · Subscribers | |
| Motion Record of the Applicants Returnable November 6, 2018 - 10/31/2018 | PDF · Subscribers | |
| Second Distribution Order dated November 6, 2018 | PDF · Subscribers | |
| Sixth Report of the Liquidator and Fourth Report of the Receiver Dated October 31, 2018 - 10/31/2018 | PDF · Subscribers | |
Order regarding Fees and Conduct dated October 1, 2018
| PDF · Subscribers | |
| Endorsement of J. McEwen dated July 26, 2018 | PDF · Subscribers | |
First Distribution Order dated July 26, 2018
| PDF · Subscribers | |
| Motion Record Returnable July 26, 2018 - 07/20/2018 | PDF · Subscribers | |
Fifth Report of the Liquidator and Third Report of the Receiver dated July 20, 2018 - 07/20/2018
| PDF · Subscribers | |
| Schedule D: Fifth Communications to Purchasers dated June 19, 2018 | PDF · Subscribers | |
| Blank Schedule F: Certificate of Identify | PDF · Subscribers | |
| Deposit Return Checklist | PDF · Subscribers | |
Deposit Return Procedure Order dated June 14, 2018
| PDF · Subscribers | |
| Endorsement of J. McEwen dated June 14, 2018 | PDF · Subscribers | |
| Frequently Asked Questions – Deposit Confirmation Procedure Order | PDF · Subscribers | |
| Motion Record Returnable June 14, 2018 - 06/14/2018 | PDF · Subscribers | |
| Fourth Report of the Liquidator and Second Report of the Receiver dated June 8, 2018 -06/08/2018 | PDF · Subscribers | |
| Fourth Communication to Purchasers - 4/11/2018 | PDF · Subscribers | |
Approval and Vesting Order dated May 9, 2018
| PDF · Subscribers | |
Disputed Deposits Resolution Procedure Order dated May 9, 2018
| PDF · Subscribers | |
Entitlement to Terminate Condominium APSs dated May 9, 2018
| PDF · Subscribers | |
Reasons of Justice McEwen dated May 9, 2018 (typed)
| PDF · Subscribers | |
| Motion Record Returnable May 1, 2018 - 04/24/2018 | PDF · Subscribers | |
Service List - 4/30/2018
| PDF · Subscribers | |
| Third report of the Liquidator and First Report of the Receiver dated April 24, 2018 - 04/24/2018 | PDF · Subscribers | |
Frequently Asked Questions - Claims Procedure Order April 17, 2018 [PDF
| PDF · Subscribers | |
| Frequently Asked Questions - Deposit Confirmation Procedure Order (April 17, 2018) | PDF · Subscribers | |
| Third Communication to Purchasers - 4/17/2018 | PDF · Subscribers | |
| Ancillary Order dated April 13, 2018 | PDF · Subscribers | |
Claims Procedure Order dated April 13, 2018
| PDF · Subscribers | |
| Deposit Confirmation Procedure Order dated April 13, 2018 | PDF · Subscribers | |
Endorsement of J. McEwen dated April 13, 2018
| PDF · Subscribers | |
| Frequently Asked Questions - Notice of Determination - Condominium Brokers | PDF · Subscribers | |
| Motion Record Returnable April 13, 2018 - 04/11/2018 | PDF · Subscribers | |
Receivership Order dated April 13, 2018
| PDF · Subscribers | |
Schedule A: Notice of Claims Process
| PDF · Subscribers | |
| Schedule C: Notice of Dispute of Deposit Statement | PDF · Subscribers | |
| Schedule D: Notice of Dispute of Amended and Restated Deposit Statement | PDF · Subscribers | |
| Schedule D: Notice of Objection | PDF · Subscribers | |
| Second Report of the Liquidator dated April 13, 2018 - 4/13/2018 | PDF · Subscribers | |
| Decision of the Divisional Court dated February 6, 2018 | PDF · Subscribers | |
Endorsement of Justice McEwen dated December 6, 2017
| PDF · Subscribers | |
Order approving the OMB Appeal dated December 6, 2017
| PDF · Subscribers | |
Liquidator’s Motion Record re: OMB Appeals - 12/04/2017
| PDF · Subscribers | |
Endorsement of Justice McEwen dated November 29, 2017
| PDF · Subscribers | |
Order approving the Sale Process dated November 29, 2017
| PDF · Subscribers | |
Endorsement of Justice McEwen dated November 24, 2017
| PDF · Subscribers | |
| Order for Ancillary Relief dated November 24, 2017 | PDF · Subscribers | |
The Liquidator’s Motion Record re: Approval of Sale Process and Ancillary Relief returnable November 17, 2017 - 11/13/2017
| PDF · Subscribers | |
| Supplemental Report of the Liquidator dated November 16, 2017 - 11/16/2017 | PDF · Subscribers | |
First Report of the Liquidator dated November 13, 2017 - 11/13/2017
| PDF · Subscribers | |
| Second Communication to Purchasers - 10/13/2017 | PDF · Subscribers | |
| First Communication to Purchasers - 10/11/2017 | PDF · Subscribers | |
| First Communication to Real Estate Brokers - 10/11/2017 | PDF · Subscribers | |
| Notice of Appeal dated October 6, 2017 | PDF · Subscribers | |
| Second Communication to Contractors - 10/3/2017 | PDF · Subscribers | |
| First Communication to Contractors - 9/28/2017 | PDF · Subscribers | |
| Blank version of Schedule A – Deposit Statement – form of schedule to be received in the mail | PDF · Subscribers | |
Decision of Justice Lederman dated September 15, 2017
| PDF · Subscribers | |
| The Winding-up Order dated September 15, 2017 | PDF · Subscribers | |
| Blank Schedule E: Release Agreement | PDF · Subscribers | |
| Responding Motion Record re Sales Process - 11/16/2017 | PDF · Subscribers | |
| Schedule B: Proof of Claim package | 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., “Tarn Financial Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/tarn-financial-corporation