Ontario · NOI
Notice of Proposal to Creditors Package – Dated August 10, 2026
Meeting materials · 10 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- provinceONTARIO
- commencement date30 July 2026
- court file no31-3393320
- financial positionnote: PPSA search indicated no secured creditors of Jeil Canada; Trustee states it is not aware of any Secured Creditors. Assets: Cash in Bank $191,000, Accounts Receivable $5,086,907 (estimated net realizable value; in liquidation likely nil). Company estimates Debtor Claims against NextStar in excess of $25,000,000 (forecast, not included in financial position); NextStar disputes $20,872,058 in change order claims and $5,040,784 in accounts receivable owing (disputed/contingent). · page: 5 · as at: Proposal Filing Date · basis: Statement of Affairs; estimated net realizable value; unaudited/draft internal financial information relied upon by Trustee · scope: Jeil M&S Canada Inc. (entity level) · currency: CAD · total assets: 5277907 · total liabilities: 13861049
- unsecured creditorsnote: Owed to nine creditors per Trustee's Report; document names no individual creditors; amount is estimated, not proven claims filed · page: 6 · as of: Proposal Filing Date · basis: Trustee's Report estimate based on Statement of Affairs; no creditor claims yet received · amount: 13861049 · debtor: Jeil M&S Canada Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: plan · quote: Based on known creditor claims, the Proposal could potentially provide Unsecured Creditors with dividends (payments) of up to 100% of their Proven Claims (before Trustee Fees and the Superintendent's Levy). · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: In a bankruptcy, with no funding likely available to pursue the Debtor Claims or the NextStar accounts receivable, any potential dividend to Unsecured Creditors would be less than 1% of their Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 1 · pct high: 1 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-10 · table missing:
- secured creditors