Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated September 25, 2026
Application / notice of application · 25 September 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 filing4 verified
- secured creditorsnote: Document states TD was owed 'approximately $1.5 million plus the costs of enforcement, including legal and professional costs, and interest' (approximate figure). The Receiver is not aware of any claims ranking in priority to the TD Security. No realizations are expected; the Receiver will ask TD to advance Borrowings (up to $100,000 under the Receivership Order) to fund the Professional Fees, understood not to be repaid. · page: 13 · as of: Date of Receivership (November 21, 2023) · amount: 1500000 · debtor: RAMO Canada Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: General security agreement over all Property; also a purchase money security interest over four 2021 Hyundai Air Ride Dry Van Composite trailers (Leased Trailers) under a lease dated November 25, 2020, assigned to TD Bank. Counsel's review found the TD Security valid and enforceable (subject to usual assumptions and qualifications).
- secured creditorsnote: Listed in the Notice and Statement of Receiver with amount 'Unknown' for each. Receiver's counsel reviewed numerous PMSIs and the Receiver released its interest in rolling stock determined to have no equity. Fee records also reference Bennington Financial, CWB National Leasing, BMO and Global Truck Loans in connection with releases or PMSI claims, but this is not a stated creditor list. · page: 23 · debtor: RAMO Canada Inc. · creditor: Equipment/PPSA financiers (PMSI class): Coast Capital Equipment Finance Ltd, Riordan Leasing Inc., Mitsubishi HC Capital Canada Leasing Inc, VFS Canada Inc, Hitachi Capital Canada Corporation, Hyundai Capital Canada Inc., KIA Finance, The Bank of Nova Scotia, Concentra Bank, ESC Corporate Service Ltd., Wells Fargo Equipment Finance Company, CLE Capital Inc., Paccar Financial Ltd. · currency: CAD · security: Purchase money security interests registered in respect of rolling stock/equipment
- unsecured creditorsnote: First Report states there are no known outstanding amounts due to Canada Revenue Agency or Service Canada. · page: 24 · basis: Listed in Appendix 'A' Unsecured Creditors to the Notice and Statement of Receiver, amount 'Unknown' · debtor: RAMO Canada Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: No individual amounts are stated for any listed unsecured creditor and no total is given. Only the first entries are visible on the provided pages (list continues beyond item 110). Individual creditors are not itemised here because none carries an amount. · page: 24 · as of: Notice and Statement of Receiver dated November 30, 2023 · basis: List of other known creditors prepared by the Receiver; every creditor shown with amount 'Unknown' · debtor: RAMO Canada Inc. · creditor: Unsecured creditors listed in Appendix 'A' to the Notice and Statement of Receiver (itemised list of 100+ trade, corporate and other creditors, e.g. 10618624 Canada Inc., Amazon, Bestpass, Canadian Tire, Ryder Truck Rental, Royal Bank) · currency: CAD