Ontario · Receivership (court-appointed)

Notice and Statement of Receiver

Notice of receiver (s. 245 / Form 87) · 10 February 2025

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secured creditorsnote: Listed as secured creditor with estimated claim of $65,000 in Notice of Receiver (p.1). Schedule A (p.3) shows CWB under Secured with no amount stated, and a nominal $1.00 claim under Unsecured, suggesting most of the claim was reclassified as an unrecoverable/unsecured deficiency. · page: 1 · as of: 2025-02-13 · amount: 65000 · debtor: 2573852 Ontario Inc. · creditor: CWB National Leasing Inc. (formerly National Leasing Group Inc.) · currency: CAD · security: PPSA equipment financier
secured creditorsnote: Listed as secured creditor with estimated claim of $250,000 in Notice of Receiver (p.1). Schedule A (p.3) lists the identical $250,000 figure but under the 'Unsecured' heading with no separate amount shown in the Secured section, indicating the claim may have been reclassified as fully unsecured. · page: 1 · as of: 2025-02-13 · amount: 250000 · debtor: 2573852 Ontario Inc. · creditor: BDC (Business Development Bank of Canada) - London · currency: CAD
secured creditorsnote: Notice of Receiver (p.1) estimated total secured debt owed to BMO at $725,000. Schedule A (p.3) shows this bifurcated into $410,305.00 classified as Secured and $314,695.00 classified as Unsecured (deficiency after security valuation), which together equal the $725,000 estimate. · page: 3 · as of: 2025-02-13 · amount: 410305 · debtor: 2573852 Ontario Inc. · creditor: Bank of Montreal · currency: CAD · security: Appointing secured creditor (Receiver appointed by Bank of Montreal); general security over Property
unsecured creditorsnote: Unsecured deficiency portion per Schedule A bifurcation of secured claim; see corresponding secured entry. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 314695 · debtor: 2573852 Ontario Inc. · creditor: Bank of Montreal (formerly MBanx) · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1772.22 · debtor: 2573852 Ontario Inc. · creditor: BMO Mastercard · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 223.6 · debtor: 2573852 Ontario Inc. · creditor: Brian McBride · currency: CAD
unsecured creditorsnote: Deemed trust class (CRA tax indebtedness). · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 4296.05 · debtor: 2573852 Ontario Inc. · creditor: CRA - Tax - Ontario · currency: CAD
unsecured creditorsnote: Deemed trust class (CRA tax indebtedness); separate account from the other CRA entry. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 5051.55 · debtor: 2573852 Ontario Inc. · creditor: CRA - Tax - Ontario · currency: CAD
unsecured creditorsnote: Nominal unsecured deficiency portion per Schedule A bifurcation of secured claim; see corresponding secured entry. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1 · debtor: 2573852 Ontario Inc. · creditor: CWB National Leasing Inc. (formerly National Leasing Group Inc.) · currency: CAD
unsecured creditorsnote: Individual creditor; large claim relative to other individuals listed (e.g. Matt Keefer) with same surname, possible related-party/insider loan though not stated in document. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 667863 · debtor: 2573852 Ontario Inc. · creditor: Don Keefer · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1 · debtor: 2573852 Ontario Inc. · creditor: Enbridge Gas Distribution - Ontario · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 389.61 · debtor: 2573852 Ontario Inc. · creditor: Glenbriar Bottled Water Co Ltd · currency: CAD
unsecured creditorsnote: Franchisor/supplier; inventory subject to separate buy-back agreement per p.2. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 28728.74 · debtor: 2573852 Ontario Inc. · creditor: Home Hardware Stores Limited · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1730.45 · debtor: 2573852 Ontario Inc. · creditor: Jody Hatch · currency: CAD
unsecured creditorsnote: Individual creditor; shares surname with Don Keefer. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 9360 · debtor: 2573852 Ontario Inc. · creditor: Matt Keefer · currency: CAD
unsecured creditorsnote: Provincial regulatory creditor. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 2308.42 · debtor: 2573852 Ontario Inc. · creditor: Ministry of Natural Resources · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1103.45 · debtor: 2573852 Ontario Inc. · creditor: Owl-Tech Security System Services · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 3150.16 · debtor: 2573852 Ontario Inc. · creditor: Riepert Salt & Supplies Inc · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 684.78 · debtor: 2573852 Ontario Inc. · creditor: Riverside Heating & Air Conditioning · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 635.35 · debtor: 2573852 Ontario Inc. · creditor: Security House · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 83.96 · debtor: 2573852 Ontario Inc. · creditor: Swan Dust Control · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 580.32 · debtor: 2573852 Ontario Inc. · creditor: Taylor McMullen · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1 · debtor: 2573852 Ontario Inc. · creditor: Toyota Industries Commercial Finance Canada, Inc. (formerly LiftCapital Corporation) · currency: CAD
unsecured creditorsnote: Regulatory body claim. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1 · debtor: 2573852 Ontario Inc. · creditor: Workplace Safety and Insurance Board · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1837.6 · debtor: 2573852 Ontario Inc. · creditor: GrandBridge Energy Inc. (formerly Cambridge and North Dumfries Hydro Inc.) · currency: CAD
unsecured creditorsnote: Unsecured deficiency portion per Schedule A bifurcation of secured claim; see corresponding secured entry. · page: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 250000 · debtor: 2573852 Ontario Inc. · creditor: BDC - London · currency: CAD
unsecured creditorspage: 3 · as of: 2025-02-13 · basis: Schedule A - Creditor List, as reported by Receiver · amount: 1 · debtor: 2573852 Ontario Inc. · creditor: Bell Canada F-88 - Business · currency: CAD