Proceedings.

ZM Global Inc.

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Closed
Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Ontario Superior Court of Justice
Filings held11
Last activity27 May 2021
On the record2,075 days
OverviewSummary updated

ZM Global Inc. was placed in court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority in the Ontario Superior Court of Justice, in proceedings commenced on January 15, 2021. The proceeding is now closed. The debt is owed to First Commercial Bank by ZM Global Inc. together with Hong Lou Xu, also known as Honglou Xu, and is supported by a General Security Agreement dated September 1, 2016, a Charge/Mortgage of Land over ten condominium units at 7250 Keele Street in Vaughan, Ontario registered the same day, and a Guarantee and Indemnity from Hong Lou Xu of the same date. A security opinion on the record confirms the validity of that security.

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Case updates11 dated entries
Parties

Debtor

ZM Global Inc.

Receiver

msi Spergel inc.

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice ConwayOntario Superior Court of Justice2 orders, May 2021285 cases on record
Justice McEwenOntario Superior Court of Justice2 orders, Jan 2021134 cases on record

Counsel of record

PartyCounselFirst seenSource
Receivermsi Spergel inc.Fasken Martineau DuMoulin LLP27 May 2021Endorsement · 27 May 2021
ApplicantFasken Martineau DuMoulin LLP15 Jan 2021Order · 15 Jan 2021
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredFirst Commercial Bank · in 4 casesGeneral Security Agreement dated September 1, 2016; Charge/Mortgage of Land over 10 condominium units at 7250 Keele Street, Vaughan, Ontario registered September 1, 2016; Guarantee and Indemnity given by Hong Lou Xu dated September 1, 2016 — Amount owing not stated in these pages; security opinion (Tab 17) confirms validity of security but does not state outstanding balance. Payout Statement from FCB (Tab 18) referenced in table of contents but not included in extracted pages. — debtor: ZM Global Inc. and Hong Lou Xu (a/k/a Honglou Xu)—Motion Record of the Receiver - Volume III of III

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

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.

RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Fees and ratesAs stated in the filings

3 engagements · 3 firms — latest: Fasken Martineau DuMoulin LLP, 15 Jan – 7 May 2021, $22,666.78 incl. taxMotion Record of the Receiver - Volume I of III · 12 May 2021

FirmPeriodHoursFeesRatesSource
Fasken Martineau DuMoulin LLPCounsel to the receiver15 Jan – 7 May 2021Approved—$22,666.78incl. taxnot statedMotion Record of the Receiver - Volume I of III · 12 May 2021
MacDonald Sager Manis LLPCounsel to the receiver15 Jan – 7 May 2021Approved—$1,500.00totalnot statedMotion Record of the Receiver - Volume I of III · 12 May 2021
msi Spergel inc.Receiver15 Jan – 7 May 2021Approved—$46,551.95incl. taxnot statedMotion Record of the Receiver - Volume I of III · 12 May 2021
Documents
11 filings
DateDocumentFile
Approval and Vesting Order of the Honourable Justice Conway dated May 27, 2021
  • Presiding officer Justice Conway
PDF
Counsel Slip dated May 27, 2021
  • Counsel Fasken Martineau Dumoulin LLP
PDF
Discharge Order of the Honourable Justice Conway dated May 27, 2021
  • Counsel FASKEN MARTINEAU DuMOULIN LLP
  • Presiding officer Justice Conway
PDF
Motion Record of the Receiver - Volume I of III
  • Fee schedule Engagements: Form: prose · Rows: · Money: Total: $46.6K · Quote: in the total amount of $46,551.95, $22,666.78 and $1,500.00, respectively · includes tax · includes disbursements · Approximate: false · Period: End: 2021-05-07 · Kind: invoice · Quote: for the period from January 15, 2021 to May 7, 2021 · Start: 2021-01-15 · Approval: Quote: be and are hereby approved. · State: approved · Averages: · Currency: · Invoices: · Firm text: msi Spergel inc. · Firm quote: Lawyers for msi Spergel inc., in its capacity as Court-appointed receiver · Context quote: the fees and disbursements of the Receiver and of its legal counsel, Fasken Martineau DuMoulin LLP ('Fasken') and MacDonald Sager Manis LLP , for the period from January 15, 2021 to May 7, 2021; Form: prose · Rows: · Money: Total: $22.7K · Quote: in the amount of $22,666.78 (inclusive of disbursements and HST). · includes tax · includes disbursements · Approximate: false · Period: End: 2021-05-07 · Kind: invoice · Quote: for the period from January 15, 2021 to and including May 7, 2021 · Start: 2021-01-15 · Approval: Quote: be and are hereby approved. · State: approved · Averages: · Currency: · Invoices: · Firm text: Fasken Martineau DuMoulin LLP · Firm quote: Fasken Martineau DuMoulin LLP ('Fasken') · Context quote: a copy of the accounts rendered by Fasken in relation to the receivership of the Debtors' estates for the period from January 15, 2021 to and including May 7, 2021 in the amount of $22,666.78 (inclusive of disbursements and HST).; Form: prose · Rows: · Money: Total: $1.5K · Quote: $1,500.00, respectively · Approximate: false · Period: End: 2021-05-07 · Kind: invoice · Quote: for the period from January 15, 2021 to May 7, 2021 · Start: 2021-01-15 · Approval: Quote: be and are hereby approved. · State: approved · Averages: · Currency: · Invoices: · Firm text: MacDonald Sager Manis LLP · Firm quote: MacDonald Sager Manis LLP · Context quote: the fees and disbursements of the Receiver and of its legal counsel, Fasken Martineau DuMoulin LLP ('Fasken') and MacDonald Sager Manis LLP , for the period from January 15, 2021 to May 7, 2021
PDF
Motion Record of the Receiver - Volume II of IIIPDF
Motion Record of the Receiver - Volume III of III
  • Secured creditors Note: Amount owing not stated in these pages; security opinion (Tab 17) confirms validity of security but does not state outstanding balance. Payout Statement from FCB (Tab 18) referenced in table of contents but not included in extracted pages. · Page: 97 · Debtor: ZM Global Inc. and Hong Lou Xu (a/k/a Honglou Xu) · Creditor: First Commercial Bank · Currency: CAD · Security: General Security Agreement dated September 1, 2016; Charge/Mortgage of Land over 10 condominium units at 7250 Keele Street, Vaughan, Ontario registered September 1, 2016; Guarantee and Indemnity given by Hong Lou Xu dated September 1, 2016
PDF
Service ListPDF
Endorsement of the Honourable Justice McEwen dated January 15, 2021
  • Presiding officer Justice McEwen
PDF
Receivership Order of the Honourable Justice McEwen dated January 15, 2021
  • Counsel FASKEN MARTINEAU DuMOULIN LLP
  • Presiding officer Justice McEwen
PDF
Application of Record - Volume I of IIPDF
Application of Record - Volume II of IIPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “ZM Global Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/zm-global-inc

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Sources last checked · summary updated 14 August 2026 · Report a correction · Printed from proceedings.ca/case/zm-global-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.