Ontario · Receivership (court-appointed)
Motion Record of the Receiver
Application / notice of application · 23 July 2020
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What we verified from this filing7 verified
- commencement date23 July 2020
- courtONTARIO SUPERIOR COURT OF JUSTICE COMMERCIAL LIST
- court file noCV-20-00643578-00CL
- secured creditorsnote: Amount is approximate ('approximately $2,416,015'), plus accrued interest and costs of enforcement not included; senior secured lender · page: 7 · as of: 2020-07-06 · amount: 2416015 · debtor: 1404727 Ontario Inc. o/a Nissan of Muskoka · creditor: Nissan Canada Inc. (NCI) · currency: CAD · security: automotive wholesale financing and security agreement; and a revolving credit and security agreement
- unsecured creditorsnote: unremitted payroll source deductions; approximate figure; receiver intends to assign into bankruptcy to reverse CRA HST priority · page: 10 · basis: based on the Company's books and records · amount: 35000 · debtor: 1404727 Ontario Inc. o/a Nissan of Muskoka · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: unremitted HST; approximate figure · page: 10 · basis: based on the Company's books and records · amount: 85000 · debtor: 1404727 Ontario Inc. o/a Nissan of Muskoka · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: owed on account of remuneration; to be paid via Service Canada WEPPA claim; preferred/priority treatment implied by proposed distribution · page: 10 · basis: based on the Company's books and records · amount: 8500 · debtor: 1404727 Ontario Inc. o/a Nissan of Muskoka · creditor: Employees of the Company · currency: CAD