Ontario · Proposal
Motion Record – ThoughtWire Corp.
Application / notice of application · 28 August 2026
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 filing11 verified
- commencement date28 August 2026
- courtSUPERIOR COURT OF JUSTICE
- court file noBK-26-03408761-0031
- provinceONTARIO
- appointeeDODICK LANDAU INC.
- appointee roleProposal Trustee
- secured creditorsnote: Largest secured creditor; also majority shareholder of the Company (related party); assigned secured claim to 1426994 Ontario Inc. (Stalking Horse Bidder) as part of SISP · page: 12 · as of: NOI filing date · amount: 435415.5 · debtor: ThoughtWire Corp. · creditor: Josip Kozar · currency: CAD · security: General security agreement over all present and future property of ThoughtWire Corp. (dated January 16, 2026); loan agreement principal repayment schedule shows total principal of $410,174.23
- secured creditorsnote: Second largest secured creditor; assigned secured claim to 1426994 Ontario Inc. (Stalking Horse Bidder) as part of SISP · page: 12 · as of: NOI filing date · amount: 376500 · debtor: ThoughtWire Corp. · creditor: Hole Medical Inc. · currency: CAD · security: General security agreement over all present and future property of ThoughtWire Corp., including IP held by ThoughtWire IP Corp.; loan agreement dated January 10, 2025 for maximum aggregate principal of $350,000 CAD, guaranteed by ThoughtWire IP Corp.
- secured creditorsnote: Regulatory/statutory claim; approximately $100,000 of this claim ranks in priority to the secured claims of Kozar and Hole; includes approximately $454,997.94 owed to terminated employees in unpaid wages (does not include termination/severance claims); subject to a due diligence condition in the Stalking Horse Agreement as to whether the priority portion exceeds $100,000 · page: 12 · as of: NOI filing date · amount: 698518 · debtor: ThoughtWire Corp. · creditor: His Majesty in the Right of Ontario (Ministry of Finance) re: Ministry of Labour claim (MOL Claim) · currency: CAD · security: Registered lien
- unsecured creditorsnote: Document names no individual unsecured creditors; a List of creditors was filed as Exhibit G but not included in provided pages · page: 13 · as of: NOI filing date · basis: stated in Notice of Motion grounds as approximate obligations · amount: 2175000 · debtor: ThoughtWire Corp. · creditor: Unsecured creditors (aggregate as reported) - trade creditors, suppliers, investors and others · currency: CAD
- unsecured creditorsnote: Floor amount ('at least $51,248.00'); source deductions typically deemed trust in favour of CRA · page: 13 · as of: 2026-08-28 · basis: stated as 'at least' figure in Notice of Motion · amount: 51248 · debtor: ThoughtWire Corp. · creditor: Unpaid employee source deductions · currency: CAD