Ontario · NOI
Second Report of the Proposal Trustee – July 28 2025
Court officer report · 28 July 2025
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 filing14 verified
- courtSUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY)
- court file noBK-25-03224995-0032
- provinceONTARIO
- appointeeDodick Landau Inc.
- appointee roleProposal Trustee
- commencement date20 May 2025
- statutory basisSection 50.4(1) of the Bankruptcy and Insolvency Act
- cash on handnote: Actual closing bank balance at end of cumulative cash flow variance period · as at: 2025-07-18 · amount: 771715 · currency: CAD
- disbursementsnote: Actual total disbursements for the nine-week Projection Period ending July 18, 2025 · since: May 17, 2025 · amount: 3076520 · currency: CAD
- operational summaryONTHEGO continues to operate its staffing business while awaiting its licence from the Ministry of Labour, with sales declining as customers hesitate to retain staff pending licensing, and is seeking a further stay extension to negotiate a proposal with the Ministry as its fulcrum creditor.
- professional feesnote: Actual professional fees were nil (-) versus forecast of 46,713 for the Projection Period; fees lower than forecast on account of timing · party: Proposal Trustee and other professionals (forecast) · amount: 46713 · period: May 17, 2025 to July 18, 2025 (forecast) · currency: CAD
- receipts cumulativenote: Actual receipts for the nine-week Projection Period ending July 18, 2025 · since: May 17, 2025 · amount: 2853021 · currency: CAD
- report date28 July 2025
- report noSecond Report