Ontario · Receivership (court-appointed)
245 Notice and Statement of Receiver
Notice to creditors · 15 August 2022
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 filing12 verified
- secured creditorsnote: Amount owing as of August 2, 2022, per document; document title states 'as at August 4, 2022' generally but this figure carries its own date · page: 2 · as of: 2022-08-02 · amount: 4372010 · debtor: Cutler Forest Products Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: 1st ranking General Security Agreement, Section 427 Bank Act Security, Assignment of Policies
- secured creditorspage: 2 · as of: 2022-08-04 · amount: 2093365 · debtor: Cutler Forest Products Inc. · creditor: Husky International · currency: CAD · security: 2nd ranking General Security Agreement
- secured creditorsnote: Related party - Cutler Hometech Holdings Inc. appears to be affiliated/parent entity · page: 2 · as of: 2022-08-04 · amount: 2719210 · debtor: Cutler Forest Products Inc. · creditor: Cutler Hometech Holdings Inc. · currency: CAD · security: 3rd ranking General Security Agreement
- secured creditorspage: 2 · as of: 2022-08-04 · amount: 93423 · debtor: Cutler Forest Products Inc. · creditor: CWB National Leasing Inc. · currency: CAD · security: Equipment Lien
- secured creditorspage: 2 · as of: 2022-08-04 · amount: 144436 · debtor: Cutler Forest Products Inc. · creditor: Vault Credit Corporation · currency: CAD · security: Equipment Lien
- secured creditorspage: 2 · as of: 2022-08-04 · amount: 201691 · debtor: Cutler Forest Products Inc. · creditor: CLE Capital Inc. · currency: CAD · security: Leased Vehicles
- secured creditorsnote: Amount listed as Unknown · page: 2 · as of: 2022-08-04 · debtor: Cutler Forest Products Inc. · creditor: Paccar Leasing Company/Paccar Financial Services Ltd. · currency: CAD · security: Leased equipment
- secured creditorsnote: Amount listed as Unknown · page: 2 · as of: 2022-08-04 · debtor: Cutler Forest Products Inc. · creditor: RCAP Leasing · currency: CAD · security: Leased equipment
- secured creditorsnote: Amount listed as Unknown · page: 2 · as of: 2022-08-04 · debtor: Cutler Forest Products Inc. · creditor: De Lage Landen Financial · currency: CAD · security: Leased equipment
- secured creditorsnote: Amount listed as Unknown · page: 2 · as of: 2022-08-04 · debtor: Cutler Forest Products Inc. · creditor: Meridian Onecap Credit Corp. · currency: CAD · security: Leased equipment
- secured creditorsnote: Amount listed as Unknown · page: 2 · as of: 2022-08-04 · debtor: Cutler Forest Products Inc. · creditor: Oxford Properties Group · currency: CAD · security: Landlord/Balance of Security Deposit
- unsecured creditorsnote: Document itemizes approximately 200 individual trade creditors with a stated TOTAL of $5,395,558.12; several entries listed as 'Unknown'; includes Workplace Safety & Insurance Board and Employees which may carry preferred status not distinguished in the document; De Lage Landen Financial Services Canada Inc. also appears in Appendix A separately from the secured listing · page: 7 · as of: 2022-08-04 · basis: Appendix A - separate list of other creditors and amounts owed, as reported by Receiver · amount: 5395558.12 · debtor: Cutler Forest Products Inc. · creditor: Unsecured creditors (aggregate as reported, itemized list in Appendix A) · currency: CAD