What we verified from this filing6 verified
- secured creditorsnote: Senior secured creditor; joint and several liability of Debtors under Credit Agreement; amount is aggregate principal and accrued interest owing as at July 24, 2026, excluding further interest, fees, costs and expenses · page: 2 · as of: 2026-07-24 · amount: 85200000 · debtor: 13498140 Canada Inc., 2717922 Ontario Inc., 1000208180 Ontario Inc., Trinity Car Sales Inc., 1000841404 Ontario Inc., 13517683 Canada Inc., 12332248 Canada Inc., 1000454978 Ontario Inc., 1986096 Ontario Inc., 1001087905 Ontario Inc., Downtown Auto Centre Ltd., Trinity Car and Truck Rental Inc., Trinity Auto Inc., Larry Hudson Family Holdings Inc. and 1000493417 Ontario Inc. · creditor: Bank of Montreal (BMO) · currency: CAD · security: General Security Agreements; extensive security package; Advance Boulevard Financing (mortgage over Advance Boulevard Property); credit facilities (operating, vehicle-floorplan, leasing, goodwill, real-estate) under Credit Agreement dated August 29, 2025 with aggregate authorized borrowing limit of approximately $80.9 million
- secured creditorsnote: Component of overall BMO indebtedness; facility limit ($35 million) is not a balance - outstanding balance exceeds the limit; approx. $13 million of this relates to 264 'sold-in-violation' (SIV) vehicles sold without repayment of corresponding floorplan advances · page: 3 · as of: 2026-07-16 · amount: 43500000 · debtor: Trinity Auto Group entities · creditor: Bank of Montreal (BMO) - new-vehicle floorplan facility · currency: CAD · security: New-vehicle floorplan facility with a $35 million facility limit
- secured creditorsnote: Registered without BMO's knowledge or required consent; constitutes default under Advance Boulevard Financing and mortgage documents; identity of chargeholder not stated · page: 3 · debtor: Advance Boulevard Property (owning Debtor entity) · creditor: Unknown third party (subordinate chargeholder) · currency: CAD · security: Subordinate charge registered against the Advance Boulevard Property
- unsecured creditorsnote: Deemed trust / regulatory-type quasi-governmental claim for outstanding corporate income taxes; CRA required BMO to remit amounts otherwise payable to 271; BMO froze 271's bank account as a result · page: 3 · as of: 2026-07-29 · basis: Requirement to Pay served on BMO pursuant to Income Tax Act · amount: 213981.96 · debtor: 2717922 Ontario Inc. (Oakville Mitsubishi) · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Registered PPSA secured party but BMO understands TD Bank has not made any loan and is not owed any money by the Debtors; registration was made in anticipation of a proposed refinancing that did not proceed · page: 7 · debtor: Trinity Car Sales Inc. · creditor: TD Bank · currency: CAD · security: PPSA registration against Trinity Car Sales Inc.
- presiding officerJustice W.D. Black