TNG Acquisitions Inc.
- Proceeding
- BankruptcyBANKRUPTCY and INSOLVENCY ACT, R.S. C. 1985, c.B-3, AS AMENDED
- File
- 31-OR-207514-T
TNG Acquisitions Inc. is the subject of bankruptcy proceedings under the Bankruptcy and Insolvency Act commenced 11 February 2010 in the Ontario Superior Court of Justice (Commercial List) (In Bankruptcy and Insolvency), court file 31-OR-207514-T, with A. Farber & Partners Inc. as applicant and trustee in bankruptcy. The Statement of Affairs (Business Bankruptcy), sworn 3 February 2009 and stated as at 8 April 2008, records total assets of $6,237,006.00 against total liabilities of $17,711,854.51, a deficiency of $11,474,848.51 and no surplus. Liabilities comprise $17,435,990.40 owing to unsecured creditors, $250,488.17 secured and $25,375.94 preferred. The largest unsecured claims listed are EDS Canada at $3,310,958.83, Canada Revenue Agency at $1,688,685.26, Commerce Harbor at $1,500,000.00 and Cisco Systems at $1,106,973.02. The matter remains active.
A claims procedure has been established — see the order for deadlines.
Opened the proceeding in the Ontario Superior Court of Justice under court file no. 31-OR-207514-T, fixing February 11, 2010 as the commencement date and remaining the only recorded step.
The court granted an approval and vesting order for the sale to TNG Acquisition Inc. Closing terms, as extracted: vesting effective immediately prior to Operative Time, subject to payment of purchase price.
Source: Sale Approval and Vesting Order of J. Campbell dated December 29, 2008
Undated filings2 — no date appears on the document · show
Statement of Affairs — Assignment in bankruptcy
Debtor
TNG Acquisitions Inc.
Trustee in bankruptcy
A. Farber & Partners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Campbell | Ontario Superior Court of Justice | 3 orders, Dec 2008 – Feb 2010 | 31 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyA. Farber & Partners | Cassels Brock & Blackwell LLP | 29 Dec 2008 | Order · 29 Dec 2008 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported) · in 563 casesStatement of Affairs shows total unsecured creditors as per List 'A' of $17,435,990.40; the list itemises individual creditors with amounts (pages 2-20 show partial listing), but many individual line items show $0.00 balance while the List total is a separate stated figure encompassing all listed creditors including those with nil balances; see also itemised entries below. — debtor: TNG Acquisition Inc. · as of 8 Apr 2008 | $17.4M | Trustee’s Preliminary Report to the Creditors |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
182 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — sale of the undertaking, property and assets of the Estate approvedSale Approval and Vesting Order of J. Campbell dated December 29, 2008 · 29 Dec 2008
| Purchaser | Price | Status | Source |
|---|---|---|---|
| TNG Acquisition Inc.the undertaking, property and assets of the Estate · asset sale · agreement 23 Dec 2008 | not stated | Approved29 Dec 2008 | Sale Approval and Vesting Order of J. Campbell… |
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 |
|---|---|---|
| Endorsement of J. Hainey dated July 18, 2019 | PDF · Subscribers | |
| Endorsement of J. Hainey dated January 25, 2019 | PDF · Subscribers | |
| Order of J. Hainey (Assignment of a Claim to a Creditor) dated January 25, 2019 | PDF · Subscribers | |
| Order of J. Hainey dated January 25, 2019 | PDF · Subscribers | |
Order of J. Campbell dated February 19, 2010
| PDF · Subscribers | |
Motion Record returnable February 19, 2010
| PDF · Subscribers | |
Order of J. Campbell dated November 19, 2009
| PDF · Subscribers | |
| Order of J. Campbell dated August 24, 2009 | PDF · Subscribers | |
Trustee’s Preliminary Report to the Creditors
| PDF · Subscribers | |
| Reasons for Decision of J. Campbell dated January 13, 2009 | PDF · Subscribers | |
Sale Approval and Vesting Order of J. Campbell dated December 29, 2008
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
| Statement of Affairs | Trustee site | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “TNG Acquisitions Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/tng-acquisitions-inc