Williams Telecommunications Corp.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and Section 101 of the Courts of Justice Act, R.S.O. 1990, c. c-43, as amended
- File
- CV-22-00681036-00CL
Williams Telecommunications Corp. is in receivership under BIA s. 243, commenced on the application of Bank of Montreal as senior secured creditor, with the appointment order dated May 19, 2022. As at that date, BMO's secured claim stood at approximately $2 million, comprising an Operating Loan of approximately $1.7 million (75% guaranteed by Export Development Canada) and a HASCAP Loan of approximately $250,000 (guaranteed by the Business Development Bank of Canada). The Canada Revenue Agency holds deemed trust claims ranking ahead of the Bank's security: $25,055.53 in unremitted HST for February through April 2022, which the Receiver intends to reduce through an HST adjustment and an anticipated income tax refund before remitting, and $1,948.98 for unremitted payroll deductions, of which the $1,713.28 deemed trust portion has already been paid.
5 earlier updates, back to 19 May 2022 — subscribers.
Debtor
Williams Telecommunications Corp.
Receiver
Albert Gelman
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesDeemed trust class claim for unremitted HST for February through April 2022. Ranks in priority to the Bank's security; Receiver intends to reduce/offset this claim via an HST adjustment for uncollectable receivables and an anticipated income tax refund before remitting payment; unpaid as of report date. — debtor: Williams Telecommunications Corp. | $25.1K | Receiver’s Interim Report dated September 8, 2022 |
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.
1 engagement · 1 firm — Albert Gelman Inc., —Motion record · 14 Mar 2023
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Albert Gelman Inc.Receiver | —Sought | — | — | — | Motion record · 14 Mar 2023 |
Cumulative receipts
$322K
As at 14 Mar 2023Receiver’s First Report (for motion returnable March 14, 2023)
| Date | Document | File |
|---|---|---|
Endorsement of Justice Steele dated March 14, 2023
| PDF · Subscribers | |
Motion record returnable March 14, 2023
| PDF · Subscribers | |
Order of Justice Steele dated March 14, 2023
| PDF · Subscribers | |
Receiver’s First Report (for motion returnable March 14, 2023)
| PDF · Subscribers | |
Receiver’s Interim Report dated September 8, 2022
| PDF · Subscribers | |
Application Record returnable May 19, 2022
| PDF · Subscribers | |
Endorsement of Justice Gilmore dated May 19, 2022
| PDF · Subscribers | |
Receivership Appointment Order dated May 19 2022
| 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., “Williams Telecommunications Corp.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/williams-telecommunications-corp