Ontario · NOI
Second Report of the Proposal Trustee dated August 26, 2026
Court officer report · 26 August 2026
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What we verified from this filing8 verified
- closing confirmedscope: the Brampton Asset Sale · outcome: completed · effective: 2026-07-31 · purchaser: Jones · date basis: stated · approval order date: 2026-07-28
- operational summaryThe Debtors closed the Brampton asset sale to Jones and continue occupying/leasing the Brampton facility under an interim lease pending the real property sale, while also realizing proceeds from an equipment auction and pursuing sale of the Ayr facility, all while advancing toward a proposal.
- purchaserJones Healthcare Group - Thermoforming Inc.; Jones
- recovery outcomeentries: basis: estimated · quote: Wells Fargo - the indebtedness owing under the Wells Facility is expected to be repaid in full primarily from collections of accounts receivable and the proceeds realized from the sale of the operating assets pursuant to the Asset Purchase Agreement; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Wells Fargo · creditor name: Wells Fargo · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: TD - the indebtedness secured by the Brampton Facility is expected to be repaid in full primarily from the proceeds of sale of the Brampton Facility pursuant to the Real Property APS; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: TD · creditor name: TD · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: HUK 147 - the secured shareholder indebtedness owing to HUK 147 ranks behind the senior secured indebtedness pursuant to the Intercreditor Agreement. The Proposal Trustee understands that HUK 147 is expected to recover only from any residual value remaining after payment of the senior secured creditors and is projected to incur a significant shortfall; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: HUK 147 · creditor name: HUK 147 · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-26 · table missing:
- report date26 August 2026
- report noSecond Report
- sale advisorWorkingman Capital Co.
- sale outcometext: The Brampton Asset Sale closed; the Real Property APS transaction remains pending. · scope: parcel · status: closed