Ontario · CCAA
Second Report of the Proposal Trustee dated September 5, 2025.pdf
Court officer report · 5 September 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 (COMMERCIAL LIST)
- court file noBK-25-03241505-0032
- provinceONTARIO
- appointeeGrant Thornton Limited
- appointee roleproposal trustee
- commencement date27 June 2025
- statutory basisSection 50.4(1) of the Bankruptcy and Insolvency Act
- cash on handnote: Closing Bank Balance per actual variance report as at August 30, 2025 · as at: 2025-08-30 · amount: 687235 · currency: CAD
- disbursementsnote: Actual total operating disbursements per variance report for W1 to W9; excludes non-operating disbursements of $1,709,964 · since: June 29, 2025 (Filing Date) · amount: 5303013 · currency: CAD
- operational summaryThe Companies continue operating their integrated cross-border and domestic trucking and logistics business while working with lessors/financiers on equipment surrenders and lease amendments, and are seeking a further stay extension to pursue a viable proposal.
- professional feesnote: Forecast for this period was $405,000; variance of $30,416 · party: Professional Fees - Restructuring (actual, includes Proposal Trustee and counsel per cash flow projection notes) · amount: 435416 · period: June 29, 2025 to August 30, 2025 (W1 to W9) · currency: CAD
- receipts cumulativenote: Actual total receipts per variance report for W1 to W9 · since: June 29, 2025 (Filing Date) · amount: 6977729 · currency: CAD
- report date5 September 2025
- report noSecond Report