Ontario · Receivership (court-appointed)
S245 Notice & Statement of Receiver
Notice to creditors · 17 June 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing9 verified
- appointeeMNP Ltd.
- appointee roleReceiver
- commencement date17 June 2022
- financial positionnote: Real estate, machinery and equipment, inventory, and accounts receivable all listed as book value unknown; total shown as $0/blank pending Receiver taking possession of records · page: 1 · basis: Book Value · scope: Oilstream Corp. property · currency: CAD
- secured creditorsnote: Estimated amount owed as stated in Notice and Statement of Receiver; appointed the Receiver · page: 1 · as of: 2022-07-05 · amount: 1200000 · debtor: Oilstream Corp. · creditor: Community Futures Oxford · currency: CAD · security: Mortgage Security Agreements dated December 5, 2017 and November 4, 2018; General Security Agreements dated November 14, 2017 and August 30, 2018
- secured creditorsnote: Estimated amount owed as stated in Notice and Statement of Receiver · page: 1 · as of: 2022-07-05 · amount: 863000 · debtor: Oilstream Corp. · creditor: T.I.T.E. Ltd. · currency: CAD
- secured creditorsnote: Estimated amount owed as stated in Notice and Statement of Receiver · page: 1 · as of: 2022-07-05 · amount: 23933 · debtor: Oilstream Corp. · creditor: 1934645 Ontario Ltd. · currency: CAD
- secured creditorsnote: Amount owed listed as unknown · page: 1 · as of: 2022-07-05 · debtor: Oilstream Corp. · creditor: Trisura Guarantee Insurance Company · currency: CAD
- statutory basisSubsection 245 & 246(1) of the Bankruptcy and Insolvency Act