Ontario · Receivership (court-appointed)
Receiver's 245 Notice
Notice of receiver (s. 245 / Form 87) · 30 January 2024
What we verified from this filing8 verified
- appointeeMNP Ltd.
- appointee rolereceiver
- commencement date29 January 2024
- financial positionnote: The Receiver describes the property as “Cash on hand - $74,250”. No liabilities total is stated: $190,000 secured, plus an unsecured list of $60,000 (CEBA) and one “unknown”. · page: 1 · basis: Property of the insolvent person described by the Receiver under s.245(1) BIA. · scope: 2630141 Ontario Inc. — property subject to the Receiver's appointment (cash on hand only), not a balance sheet of the Company · currency: CAD · total assets: 74250
- 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: 190000 · debtor: 2630141 Ontario Inc. · creditor: Toronto-Dominion Bank · currency: CAD · security: General Security Agreement held by the Toronto-Dominion Bank; the Receiver was appointed pursuant to it.
- statutory basisSubsection 245 & 246(1) of the Bankruptcy and Insolvency Act
- unsecured creditorsnote: Canada Emergency Business Account loan, listed as an unsecured claim — a separate capacity from the same bank's $190,000 secured claim under its General Security Agreement at p.1. · 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”. · amount: 60000 · debtor: 2630141 Ontario Inc. · creditor: Toronto-Dominion Bank (CEBA), c/o Chaitons LLP · 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: 2630141 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD