Ontario · CCAA
First Report of the Monitor (August 14, 2026)
Court officer report · 14 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- secured creditorsnote: Amount stated as 'in excess of $85,000,000' owed under Pre-Filing Credit Facilities as of Filing Date, together with applicable interest, fees and expenses (floor amount). Security Opinion from Gowling confirms floorplan and mortgage security valid, enforceable and perfected/registered (opinion confirmed, not merely pending, per paras 32-33). Also incumbent secured lender acting as Interim/DIP Lender. · page: 9 · as of: 2026-08-07 · amount: 85000000 · debtor: Trinity Auto Group (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., 1000493417 Ontario Inc.) · creditor: Bank of Montreal (BMO) · currency: CAD · security: Floorplan Credit Facilities secured by PPSA registration against vehicle inventory; first mortgage over Commercial Plaza (222 Advance Boulevard, Brampton, ON) owned by 1000493417 Ontario Inc.
- secured creditorsnote: Monitor's counsel opinion: valid, enforceable and perfected security interest generally qualifying as a PMSI with PPSA priority, based on review of 10 representative leases; 8 of 10 sampled registrations were within the 15-day PMSI perfection window, 2 were registered 17 and 19 days after possession (late, but Monitor states this does not make the interests unperfected or alter Leggat's rights). Leases may be 'true leases' - determination not sought at this time. No aggregate dollar balance stated in these pages. · page: 12 · debtor: Trinity Car and Truck Rental Inc.; Trinity Auto Inc. · creditor: Leggat National Leasing (Division of Leggat Chevrolet Cadillac Buick GMC Limited) · currency: CAD · security: PMSI-type security interest in leased vehicles (158 lease agreements: 147 vehicles under Trinity Car and Truck Rental Inc., 11 tow trucks under Trinity Auto Inc.), perfected by PPSA financing statement registrations against vehicle VINs