#Filing
MNP Ltd. became receiver under the Bank of Montreal's General Security Agreement and gave notice under ss. 245 and 246(1) BIA, identifying cash on hand of $49,700 as the property.
Source: S245 Notice and Statement
Xclusive Muscle and Fitness Club Inc
FollowActive
- Proceeding
- Insolvency proceeding (type unspecified)Subsection 245 & 246 (1) of the Bankruptcy and Insolvency Act
Filings held1
Last activity27 May 2024
On the record847 days
Secured debt$390K
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates1 dated entry
Parties
Debtor
Xclusive Muscle and Fitness Club Inc
Court officer
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal · in 279 casesGeneral Security Agreement; BMO is the appointing lender. — Estimated amount. The notice spells the name “Bank of Montrael”. — debtor: Xclusive Muscle & Fitness Club Inc. | $390K | S245 Notice and Statement |
| 4 | Secured | Mercedes-Benz Financial · in 8 casesListed under item 4(d) as a creditor holding security on the property. — The amount is stated as “unknown”. — debtor: Xclusive Muscle & Fitness Club Inc. | — | S245 Notice and Statement |
| 8 | Unsecured | Mercedes-Benz Financial · in 8 casesThe amount is stated as “unknown” (spelled “Mercedes Bez Financial” on the list); the same party appears under item 4(d) as a possible secured creditor. — debtor: Xclusive Muscle & Fitness Club Inc. | — | S245 Notice and Statement |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesThe amount is stated as “unknown”. Crown claim. — debtor: Xclusive Muscle & Fitness Club Inc. | — | S245 Notice and Statement |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Estate financialsReported figures — never derived
Total assets at filing$49.7K
per The Property described in the Notice and Statement of Receiver: cash on hand $49,700. · Xclusive Muscle & Fitness Club Inc. (entity level) — the receivership property is the cash on hand. — Secured claims: Bank of Montreal $390,100 (estimated); Mercedes-Benz Financial unknown. Fitness club, Mississauga, ON. The Receiver will collect the cash on hand and distribute per the priority of claims.
Documents1 filing
| Date | Document | File |
|---|---|---|
S245 Notice and Statement
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Xclusive Muscle and Fitness Club Inc” (Insolvency proceeding (type unspecified)). Retrieved 20 September 2026, https://proceedings.ca/case/xclusive-muscle-and-fitness-club-inc