Titanium Autogroup Ltd.
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- S-253695
- Industry
- Retail · Vehicle dealers
Titanium Autogroup Ltd. was placed in court-appointed receivership by the Supreme Court of British Columbia on May 14, 2025, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried on the court's file as S-253695. It remains active. The receivership order of May 14, 2025 is the only milestone on the record to date; no subsequent steps have been reported in this proceeding.
The court appointed Deloitte Restructuring Inc. as Receiver, on the application of The Toronto-Dominion Bank. Court file S-253695.
Source: Receivership Order
Receivership order made, placing Titanium Autogroup Ltd. under court-appointed receivership in the Supreme Court of British Columbia and commencing the proceeding under file S-253695.
Source: Interim Receivership Order
Debtor
Titanium Autogroup Ltd.
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Horsman | Supreme Court of British Columbia | 1 order, Jul 2025 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorTitanium Autogroup Ltd. | Richards Buell Sutton LLP | 5 Jun 2025 | Service list · 5 Jun 2025 |
| CreditorJessica Phan | Lindsay Kenney LLP | 5 Jun 2025 | Service list · 5 Jun 2025 |
| CreditorToronto-Dominion Bank | Dentons Canada LLP | 5 Jun 2025 | Service list · 5 Jun 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank · in 121 casesGeneral Security Agreement dated December 12, 2022 over all present and after-acquired personal property; US General Security Agreement dated November 20, 2023 over all present and after-acquired personal property (collectively the GSAs); TD Security has priority over BNS Security in respect of all Titanium property other than the BNS Priority Collateral, pursuant to a Priority Agreement dated December 13, 2022 among BNS, Titanium and TD — Amount is total advances outstanding under Facility #1 ($9,566,962.65), Facility #2 ($1,327.75), Facility #3 ($2,001,836.82) and VISA Facility ($45,316.69) · as of 12 May 2025 | $11.6M | Affidavit #1 of A. Bezner |
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors |
3 more claims in 2 classes The stack holds Secured and PMSI / lessors claims.
Every creditor and every amount.
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See all plans2 transactions · 1 not completed · 1 closed — Receiver recommends completing the VA Transaction rather than proceeding via Openlane auctionReceiver's First Report · 16 Jul 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| auction proposal via Openlane, not a completed transaction with a named purchaserthe Canadian Vehicles (excluding 14 Excluded Vehicles) · auction | Subscribers | Not completed | Receiver's First Report |
| Vancouver Auto Liquidation Center Ltd.the Canadian Vehicles and the US Vehicles (the Assets) · asset sale · agreement 16 Jul 2025 | Subscribers | Closeddate not stated | Receiver's Certificate |
Unsecured creditors: no distribution. TD short · The Toronto-Dominion Bank short.Creditors' Package and FMOC Details · 8 Dec 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | TD | — | shortfall | Estimatedper the receiver | Receiver's First Report · 17 Jul 2025 |
| Secured | The Toronto-Dominion Bank | — | shortfall | Estimatedper the receiver | Notice of Application for July 22, 2025 Hearing · 17 Jul 2025 |
| Unsecured | the Company's creditors | — | no distribution | per the trustee | Creditors' Package and FMOC Details · 8 Dec 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.
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 plans| Date | Document | File |
|---|---|---|
Creditors' Package and FMOC Details
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Receiver's Certificate
| PDF · Subscribers | |
| Affidavit #3 of Z. Zhao | PDF · Subscribers | |
| Approval and Vesting Order | PDF · Subscribers | |
Approval of Activities and Abridged Time Order
| PDF · Subscribers | |
| Sealing Order | PDF · Subscribers | |
| Affidavit #2 of Z. (V.) Zhang | PDF · Subscribers | |
Notice of Application for July 22, 2025 Hearing
| PDF · Subscribers | |
Receiver's First Report
| PDF · Subscribers | |
| Receivership Certificate | PDF · Subscribers | |
| Notice and Statement of the Receiver (Form 87) | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit #1 of C. Denton | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Affidavit #2 of A. Bezner | PDF · Subscribers | |
Interim Receiver's First Report (Unfiled)
| PDF · Subscribers | |
Notice of Application for June 10, 2025 Hearing
| PDF · Subscribers | |
Affidavit #1 of A. Bezner
| PDF · Subscribers | |
Interim Receivership Order
| 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., “Titanium Autogroup Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/titanium-autogroup