Ontario · Proposal
First Report of the Proposal Trustee dated May 17, 2026
Court officer report · 17 May 2026
Also filed as: First Report of the Proposal Trustee dated May 17, 2026
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What we verified from this filing9 verified · 3 withheld
- courtONTARIO SUPERIOR COURT OF JUSTICE COMMERCIAL LIST
- court file no33-3368242 and 33-3368241
- appointeeAlbert Gelman Inc.
- appointee roletrustee
- commencement date1 May 2026
- statutory basisSection 50.4(1) of the Bankruptcy and Insolvency Act
- secured creditorsnote: RUC is the franchisor of each restaurant; amount of indebtedness not stated in this report. · page: 6 · debtor: 1382769 Ontario Limited o/a Kelsey's Gardiners Restaurant and 1622356 Ontario Limited o/a Montana's Restaurant · creditor: Recipe Unlimited Corporation (RUC) · currency: CAD · security: PPSA (Ontario) registration against all collateral descriptions, with the exception of consumer goods (blanket all-property registrant)
- secured creditorsnote: Deemed trust class claim asserted by CRA for HST collected but not remitted and unpaid corporate taxes; Trustee states it is still in the process of confirming this potential indebtedness with management - amount not yet determined. · page: 6 · as of: 2026-05-01 · debtor: 1382769 Ontario Limited o/a Kelsey's Gardiners Restaurant and 1622356 Ontario Limited o/a Montana's Restaurant · creditor: Canada Revenue Agency (CRA) · currency: CAD
- unsecured creditorsnote: Trustee is in the process of confirming whether either Company has any other unsecured debt. · page: 6 · as of: NOI filing date · basis: Company (Kelsey's) estimate · amount: 100000 · debtor: 1382769 Ontario Limited o/a Kelsey's Gardiners Restaurant · creditor: Bank of Nova Scotia · currency: CAD
3 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.