Ontario · Receivership (court-appointed)
Second Report of he Receiver dated July 16, 2025
Court officer report · 16 July 2025
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What we verified from this filing10 verified
- closing confirmedscope: the HWD Transaction · outcome: completed · purchaser: 1001172780 Ontario Limited · date basis: unstated · approval order date: 2025-04-17
- operational summaryThe JBT Group has ceased going-concern operations; the Receiver is liquidating remaining fleet equipment, inventory and related assets through a negotiated sale to McDougall Auctioneer Ltd. and winding down the estate.
- process resultsbids: 7 · note: Seven liquidators/equipment resellers contacted; seven liquidation proposals received · as of: 2025-07-16 · solicited: 7 · qualified bids: 7
- professional feesnote: Amount is exclusive of applicable taxes; comprises fees $357,849.50 plus disbursements $11,517.24. Separately, CCAA-Professionals DLI and Loopstra Nixon LLP fees are also noted: DLI fees $86,984.50 plus disbursements $2,584.28 (unpaid balance $32,975.23), and Loopstra fees $27,518.00 (unpaid balance $20,069.37), both exclusive of taxes. · party: Receiver (BDO Canada Limited) and its counsel HP LLP · amount: 417384.4 · period: March 17, 2025 to June 30, 2025 · currency: CAD
- purchaserMcDougall Auctioneer Ltd.; 1001172780 Ontario Limited
- recovery outcomeentries: basis: estimated · quote: TD Bank, who supports the McDougall Transaction, is expected to suffer a shortfall for the direct indebtedness; however, based on the marketing efforts and offers received, it is unlikely an offer could be negotiated that would see TD Bank repaid in full. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD Bank · creditor name: TD Bank · interim final: unstated · related party: false · claims qualifier: unstated · stated on: 2025-07-16 · table missing:
- report date16 July 2025
- report noSecond Report
- sale advisorMcDougall Auctions
- sale outcometext: Receiver recommends approval of the McDougall Transaction for the Equipment · scope: parcel · status: pending_approval