#Report
MNP Ltd. reported that WM Tool's operations had ceased before bankruptcy, likely for several months, and that it had secured the real property, equipment and vehicles by changing the locks.
Source: Preliminary Report of Trustee
WM Tool Inc.
FollowActive
- Proceeding
- BankruptcyBIA
- File
- BK-26-00000007-0T35
- Industry
- Manufacturing · Metals & fabrication
OverviewSummary updated
WM Tool Inc. is the subject of bankruptcy proceedings under the Bankruptcy and Insolvency Act in the Ontario Superior Court of Justice, commenced on September 16, 2026 on the application of Border Steel Limited and carried under court file BK-26-00000007-0T35. MNP Ltd. is the licensed insolvency trustee. An interim order was granted on the commencement date, signed at London, Ontario. The proceeding remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Order
Interim order granted, dated at London, Ontario, marking the commencement of the bankruptcy proceeding brought by Border Steel Limited against WM Tool Inc.
Source: Bankruptcy Order
Parties
Debtor
WM Tool Inc.
Trustee in bankruptcy
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Mitchell | Ontario Superior Court of Justice | 1 order, Sep 2026 | 9 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Scott Petrie LLP | 16 Sep 2026 | Order · 16 Sep 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Henry Schmidt (estate; Helen Schmidt, executor)Charge registered against the Real Property (3280 Devon Drive, Windsor) on April 28, 1995 in the amount of $2,000,000 — The $2,000,000 is the registered charge amount, not a confirmed outstanding balance. No claim filed in the estate. Helen Schmidt is understood to be executor of Henry Schmidt's estate and now responsible for the charge; her counsel has undertaken to provide details of debts owing and security documents, which the Trustee is awaiting. The Statement of Affairs lists secured claims at only $2. — debtor: WM Tool Inc. · as of 28 Apr 1995 | $2M | Preliminary Report of Trustee |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred |
4 more claims in 2 classes The stack holds Secured and Landlord preferred claims.
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See all plansDocuments2 filings
| Date | Document | File |
|---|---|---|
Preliminary Report of Trustee
| PDF · Subscribers | |
Bankruptcy 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., “WM Tool Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 16 October 2026, https://proceedings.ca/case/wm-tool-inc