Ontario · CCAA
Amended and Reinstated Initial Order (August 17, 2026)
Amended and restated initial order · 17 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 filing17 verified · 1 withheld
- applicantBank of Montreal
- appointeeGoldhar & Associates Ltd.
- appointee rolemonitor
- commencement date17 August 2026
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00000342-0000
- provinceONTARIO
- statutory basisCompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- secured creditorsnote: Applicant/secured creditor; security validity subject to Monitor confirmation as noted in order (security opinion pending confirmation) · page: 5 · debtor: Debtors (floorplan financing); 1000493417 Ontario Inc. (mortgage financing) · creditor: Bank of Montreal · currency: CAD · security: Floorplan financing arrangements (security over vehicle inventory); mortgage financing secured against real property known municipally as 222 Advance Boulevard, Brampton, Ontario (the Commercial Plaza)
- secured creditorsnote: Security validity subject to Monitor confirmation (security opinion pending confirmation) · page: 5 · debtor: Debtors · creditor: Leggat National Leasing · currency: CAD · security: Security interests in vehicles subject to lease agreements between Leggat and the Debtors
- secured creditorsnote: Court-ordered indemnity charge, ranks third in priority; related party (directors/officers); not an outstanding balance but a maximum charge amount · page: 10 · as of: Initial Order date · debtor: Debtors · creditor: Directors and officers of the Debtors · currency: CAD · security: Directors' Charge on the Property, maximum aggregate amount $250,000
- secured creditorsnote: Court-ordered charge, ranks first in priority; not an outstanding balance but a maximum charge amount · page: 17 · as of: Initial Order date · debtor: Debtors · creditor: Monitor, counsel to the Monitor, and counsel to the Debtors · currency: CAD · security: Administration Charge on the Property, maximum aggregate amount $750,000
- secured creditorsnote: DIP/Interim financing charge; ranks second in priority after Administration Charge; facility limit, not an outstanding balance · page: 18 · as of: Initial Order date · debtor: Debtors · creditor: Bank of Montreal (as Interim Lender) · currency: CAD · security: Interim Financing Charge on the Property; borrowings capped at $3,500,000 principal plus Interest, Facility Fee and Interim Lender's Expenses
- counselChaitons LLP
- order date17 August 2026
- presiding officerJustice Conway
- stay expiry30 October 2026
1 extracted value is 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.