Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 13 April 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
- applicantCWB MAXIUM FINANCIAL INC.
- commencement date13 April 2026
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-26- 00094634-0000
- provinceONTARIO
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, RSC 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43
- appointeeMNP Ltd.
- appointee roleProposed Receiver
- secured creditorsnote: Amount stated in Notice of Application and Affidavit as owing as of March 16, 2026, comprising principal $1,286,845.65 (as of forbearance date May 15, 2025) plus accrued interest of $175,506.15; interest continues to accrue at 18.0% per annum from March 17, 2026. Guarantee given by Kevin Longman, sole director/officer of D&D (related party). · page: 8 · as of: 2026-03-16 · amount: 1462351.8 · debtor: D & D Omega Inc. / Kevin Dane Longman (guarantor) · creditor: CWB Maxium Financial Inc. · currency: CAD · security: General Security Agreement dated October 1, 2021 over all assets and undertakings of D&D; Guarantee by Kevin Longman with separate GSA over his assets; collateral mortgage of $500,000.00 registered October 22, 2021 (Instrument WE1555389) over matrimonial home at 7 Southside Place, Unit 6, Hamilton
- secured creditorsnote: PPSA search results current to March 8, 2026 show McKesson as only other registered secured creditor of D&D besides CWB; McKesson advised D&D was current on its account (no balance stated). · page: 16 · as of: 2026-03-08 · debtor: D & D Omega Inc. · creditor: McKesson Canada Corporation · currency: CAD · security: Two PPSA registrations dated August 16, 2021 and September 24, 2021 over inventory, accounts, equipment and other
- financial positionnote: Balance sheet shows Total Current liabilities $266,722 and Long-term debt $1,298,526 comprising Total Liabilities $1,565,248; Total Equity $191,375. This is the most recent financial statement in the record (December 31, 2023) though document dated 2026; no more current financials provided. · page: 30 · as at: 2023-12-31 · basis: Compiled financial information (no audit or review performed) prepared by Farrukh Ahmed, CPA, based on information provided by management; readers cautioned information may not be appropriate for their purposes · scope: D & D Omega Inc. (entity level) · currency: CAD · total assets: 1756623 · total liabilities: 1565248