Ontario · Receivership (court-appointed)
Motion Record of BDO Canada Limited
Application / notice of application · 17 August 2026
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What we verified from this filing9 verified
- secured creditorsnote: Validity and priority not finally determined; quantum disputed by Alpha and the Debtor; treated as potential Priority Payable ahead of Meridian if validated · page: 53 · as of: 2025-09-23 · amount: 125940.66 · debtor: 11517945 Canada Inc. · creditor: Canadian Way Electric Inc. (construction lien claimant) · currency: CAD · security: Construction lien and certificate of action registered on title to Real Property
- unsecured creditorsnote: Preferred/priority payable; plus accruing interest; to be paid as part of Transaction · page: 53 · as of: 2026-06-30 · basis: Collective municipal property tax account statements · amount: 57825.78 · debtor: 11517945 Canada Inc. · creditor: City of Niagara Falls (property tax arrears) · currency: CAD
- unsecured creditorsnote: Preferred/priority payable; accruing at $3,117.80 per monthly cycle ending on the 6th of each month; to be paid as part of Transaction · page: 53 · as of: 2026-07-06 · basis: Most recent water utility bills · amount: 6235.6 · debtor: 11517945 Canada Inc. · creditor: City of Niagara Falls (water utility arrears) · currency: CAD
- secured creditorsnote: Validity and priority not finally determined; quantum disputed by Alpha and the Debtor; registered despite stay of proceedings · page: 54 · as of: registration date (post-appointment, in breach of stay imposed March 10, 2026) · amount: 64469.32 · debtor: 11517945 Canada Inc. · creditor: Aesthetic Pro Drywall Ltd. (construction lien claimant) · currency: CAD · security: Construction lien registered on title to Real Property
- secured creditorsnote: Validity and priority not finally determined; quantum disputed by Alpha and the Debtor; claim of supply extending to March 23, 2026 questioned by Receiver as post-appointment · page: 54 · as of: 2026-05-21 · amount: 166492 · debtor: 11517945 Canada Inc. · creditor: Rhema Ever Incorporated (construction lien claimant) · currency: CAD · security: Construction lien registered on title to Real Property
- secured creditorsnote: Obligations including costs, fees and interest charges to Aug 9, 2026 total approximately $9,191,463.39, per diem $1,841.40, per Meridian payout statement (Appendix V); security opinion confirmed by Loopstra Nixon as valid and enforceable mortgage, subject to standard assumptions/qualifications · page: 55 · as of: 2026-08-09 · amount: 9191463.39 · debtor: 11517945 Canada Inc. · creditor: Meridian Credit Union Limited · currency: CAD · security: First ranking mortgage over Mewburn Property in principal amount of $14,500,000; demand loan facility to maximum $9,900,000; standby letters of credit facility to maximum $1,081,495 (also stated as $1,018,495 in security opinion)
- secured creditorsnote: Advance of $120,000 under Receiver's Certificate #1; balance including accrued interest · page: 56 · as of: First Report date (August 17, 2026) · amount: 125405.92 · debtor: 11517945 Canada Inc. · creditor: Meridian Credit Union Limited (Receiver's Borrowings / Receiver's Certificate #1) · currency: CAD · security: Receiver's Borrowings Charge on the Property (subordinate to Receiver's Charge), per diem $31.07
- fee scheduleengagements: form: prose · rows: · money: tax: label: HST · quote: in the amount of $86,656.54 inclusive of HST of $9,969.34 · amount: 9969.34 · total: quote: in the amount of $86,656.54 inclusive of HST of $9,969.34 · amount: 86656.54 · includes tax: true · approximate: false · period: end: 2026-07-31 · kind: interim · quote: The Receiver requests that the Court approve its interim accounts for the period from January 15, 2026 to July 31, 2026 in the amount of $86,656.54 inclusive of HST of $9,969.34, for the services set out in Exhibit 'A' . · start: 2026-01-15 · approval: quote: The Receiver requests that the Court approve its interim accounts for the period from January 15, 2026 to July 31, 2026 · state: sought · averages: rate: 443.69 · quote: at an average hourly rate of approximately $443.69 for a total of $75,138.75 prior to · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO Canada Limited, in its capacity as Court-appointed receiver and manager · context quote: BDO Canada Limited, in its capacity as Court-appointed receiver and manager (in such capacities, the ' Receiver ') of all of the assets, undertakings and properties of 11517945 Canada Inc.; form: time_summary · rows: · money: approximate: false · period: end: 2026-08-13 · kind: invoice · label: Billing Period · quote: in respect of services rendered for the period from February 11, 2026, to August 13, 2026 (the ' Billing Period '). · start: 2026-02-11 · approval: state: unstated · averages: rate: 630.49 · quote: resulting in an average hourly rate of $630.49 (exclusive of applicable taxes) · currency: · invoices: · firm text: Loopstra Nixon · firm quote: the Statements of Accounts issued by Loopstra Nixon · hours total: quote: 50.55 hours were billed by Loopstra Nixon during the Billing Period · value: 50.55 · context quote: Attached hereto and marked as Exhibit 'A' are true copies of the Statements of Accounts issued by Loopstra Nixon in respect of services rendered for the period from February 11, 2026, to August 13, 2026 (the ' Billing Period ').
- recovery outcomeentries: basis: unstated · quote: The Lender also support approval of the Transaction, even though (as discussed below) it will suffer a shortfall on its secured debt claim. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Lender (Meridian Credit Union Limited) · creditor name: Meridian Credit Union Limited · interim final: unstated · claims qualifier: unstated · table missing: