Trinity Automotive Group

Guide

What to do when a company that owes you money goes bankrupt in Canada

When a Canadian company that owes you money goes bankrupt or into creditor protection, what you actually get back is usually a fraction of the debt, often nothing, and only if your claim is in on time. How to find the case, file a claim, meet a bar date, vote on a plan, take back goods and get paid, drawn from the court record.

10 October 2026

Case update

Trinity Automotive: two directors removed and a CRO appointed

On October 1 Justice Black removed Boban James, the dealership group's sole shareholder, and Godshi Boban as directors, calling the explanation Mr. James echoed for $769,659.95 of pre-filing transfers "wanting". His orders also appoint FAAN Advisors as CRO, extend the stay to November 27 and raise BMO's interim financing limit to $5 million.

2 October 2026

Case update

Trinity Automotive: two days, six transfers, and a sale process

Justice Dunphy gave the dealership group's respondents two more days before ruling on the monitor's sale process, and asked for more on the $250,000 retention plan; in between, TD flagged $769,659.95 of pre-filing transfers from three company accounts to the chief financial officer, who told the monitor they were compensation owed to her; the monitor terminated her with cause, and on September 10 the sale process, the BDO mandate and a second amended and restated initial order were signed.

11 September 2026

Case update

Trinity Automotive: $16.9 million of cars, and who knew when

Bank of Montreal put fifteen car-dealership companies into a creditor-driven CCAA in August on evidence that 264 vehicles had been sold without the floorplan advances being repaid. Five weeks on, the monitor puts the figure at $16.9 million and says the former principal cannot account for it; the debtors' counsel answers with a six-year list of BMO's own audit findings, and says the monitor is exercising the powers of a receiver.

7 September 2026