Ontario · NOI
Motion Record – dated 2025-07-16
Application / notice of application · 16 July 2025
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 filing13 verified
- applicantBucephalas Stables Corp.
- courtSUPERIOR COURT OF JUSTICE
- court file noBK-25-03244323-0031
- provinceONTARIO
- appointeeThe Fuller Landau Group Inc.
- appointee roleProposal Trustee
- financial positionpage: 37 · as at: 2025-02-26 · basis: unaudited financial statements · scope: entity (Bucephalas Stables Corp.) · currency: CAD · total assets: 2134709 · total liabilities: 6717260
- secured creditorsnote: Original BDC Loan advance was $3,500,000 (Letter of Offer dated August 14, 2018) - not the balance. Jason Fisher and his wife have given partial personal guarantees. BDC is party to a Priorities Agreement dated September 13, 2019 with BMO establishing relative priority over certain Company property. · page: 38 · as of: 2025-07-07 · amount: 2994000 · debtor: Bucephalas Stables Corp. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General security interest in all Company property, registered under PPSA September 14, 2018
- secured creditorsnote: Company's own estimate of unpaid Beer Tax; regulatory/provincial tax arrears. · page: 40 · as of: 2025-07-07 · amount: 100983.07 · debtor: Bucephalas Stables Corp. · creditor: Ontario Ministry of Finance (Beer Tax) · currency: CAD · security: PPSA financing statement registered March 11, 2024 in the amount of $25,338, amended December 31, 2024 to $90,690, in respect of unpaid Beer Tax (registered amounts, not current balance)
- secured creditorspage: 40 · as of: 2025-07-07 · amount: 295068 · debtor: Bucephalas Stables Corp. · creditor: Driven Financial Technologies Corporation · currency: CAD · security: General security interest over Company property; credit facility per loan agreement dated October 3, 2024 to a maximum amount of $400,000 (facility limit, not balance)
- secured creditorsnote: Jason Fisher and his wife have given personal guarantees. BMO is party to a Priorities Agreement dated September 13, 2019 with BDC establishing relative priority over certain Company property. · page: 40 · as of: 2025-07-07 · amount: 817000 · debtor: Bucephalas Stables Corp. · creditor: Bank of Montreal (BMO) · currency: CAD · security: General security interest in all Company property, registered under PPSA August 9, 2019; comprises BMO Capital Facility (max borrowing $500,000), BMO LOC (max borrowing $500,000), BMO MasterCard (max borrowing $75,000), and BMO Term Loan (original advance $250,000)
- secured creditorspage: 41 · as of: 2025-07-07 · amount: 100000 · debtor: Bucephalas Stables Corp. · creditor: 1989678 Ontario Limited ("198") · currency: CAD · security: PPSA financing statement registered December 13, 2023 (amended May 26, 2025 to correct debtor name); secures promissory note dated November 28, 2023, due November 28, 2025
- secured creditorsnote: HST and excise tax arrears; deemed trust class. · page: 41 · as of: 2025-07-07 · amount: 10762 · debtor: Bucephalas Stables Corp. · creditor: Canada Revenue Agency · currency: CAD