Xclusive Muscle and Fitness Club Inc

Xclusive Muscle and Fitness Club Inc, a fitness club in Mississauga, Ontario, has been under the control of MNP Ltd. as receiver since May 27, 2024, appointed under a General Security Agreement held by the Bank of Montreal. MNP filed its Notice and Statement of Receiver the same day under subsections 245 and 246(1) of the Bankruptcy and Insolvency Act, identifying the property as cash on hand of $49,700 and stating that it will collect that cash and distribute it according to the priority of claims. The Bank of Montreal's secured claim is estimated at $390,100; Mercedes-Benz Financial is also listed as holding security, in an amount stated as unknown. The attached creditor list names Mercedes-Benz Financial and the Canada Revenue Agency, each in an unknown amount. The matter remains active.