Ontario · Bankruptcy
245 Notice and Statement
Notice of receiver (s. 245 / Form 87) · 12 August 2024
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What we verified from this filing10 verified
- appointeeMNP Ltd.
- appointee rolereceiver
- commencement date12 August 2024
- financial positionnote: The property at 7294 Mason Road, Puslinch, Ontario is stated as “$TBD” — no valuation is given, so no asset total is stated. Secured claims against it are stated at $1,858,000 and $460,000. · page: 1 · basis: Property of the insolvent person described by the Receiver under s.245(1) BIA. · scope: 2776097 Ontario Inc. — the real property subject to the Receiver's appointment · currency: CAD
- secured creditorsnote: Stated as the estimated amount owed to a creditor holding security on the Property; no valuation date is tied to it. · page: 1 · amount: 1858000 · debtor: 2776097 Ontario Inc. · creditor: Bank of Montreal · currency: CAD · security: Mortgage/Charge held by the Bank of Montreal over the real property at 7294 Mason Road, Puslinch, Ontario; the Receiver was appointed pursuant to it.
- secured creditorsnote: The same party is also listed on the attached Creditor List under “Unsecured claim” (amount unknown); both capacities are recorded as the document states them. · page: 1 · amount: 460000 · debtor: 2776097 Ontario Inc. · creditor: 1000890126 Ontario Inc. · currency: CAD · security: Listed by the Receiver among creditors holding security on the Property described in the notice.
- statutory basisSubsection 245 & 246 (1) of the Bankruptcy and Insolvency Act
- unsecured creditorsnote: Amount stated as “unknown”. Also listed at p.1 as a creditor holding security on the Property, at $460,000. · page: 3 · basis: Creditor List attached to the Notice and Statement of Receiver under ss.245 & 246(1) BIA — “The list of other creditors of the insolvent person and the amount owed to each creditor”, as identified by the Receiver. The list's own column heading is “Unsecured claim”. · debtor: 2776097 Ontario Inc. · creditor: 1000890126 Ontario Inc. · currency: CAD
- unsecured creditorsnote: Amount stated as “unknown”. Municipal claim (the property at 7294 Mason Road lies in Puslinch, Wellington County). The document does not label it preferred. · page: 3 · basis: Creditor List attached to the Notice and Statement of Receiver under ss.245 & 246(1) BIA — “The list of other creditors of the insolvent person and the amount owed to each creditor”, as identified by the Receiver. The list's own column heading is “Unsecured claim”. · debtor: 2776097 Ontario Inc. · creditor: Wellington County · currency: CAD
- unsecured creditorsnote: Amount stated as “unknown” — not a zero. Crown claim (deemed-trust class where applicable). · page: 3 · basis: Creditor List attached to the Notice and Statement of Receiver under ss.245 & 246(1) BIA — “The list of other creditors of the insolvent person and the amount owed to each creditor”, as identified by the Receiver. The list's own column heading is “Unsecured claim”. · debtor: 2776097 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD