Ontario · CCAA
Fourth Report of the Monitor (November 7, 2026)
Court officer report · 7 November 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 filing14 verified
- bid deadline6 November 2026
- cash on handnote: Stated as cash on hand expected to fund part of the forecast net cash outflow of approximately $3.86 million over the Second Revised Cash Flow Period (Oct 24, 2026 to Jan 29, 2027); the remainder is to be funded by interim financing advances. This is a forecast funding source, not a stated actual balance at a point in time. · amount: 1250000 · currency: CAD · qualifier: approximately
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 665.2 · quote: The Goldhar Accounts reflect an average hourly rate of $665.20. · scope: Goldhar Accounts · currency: · invoices: · firm text: Goldhar & Associates Ltd. · firm quote: FOURTH REPORT OF GOLDHAR & ASSOCIATES LTD. AS THE CCAA MONITOR · context quote: FOURTH REPORT OF GOLDHAR & ASSOCIATES LTD. AS THE CCAA MONITOR; form: prose · rows: · money: approximate: false · period: end: 2026-10-31 · kind: interim · quote: for the period from September 9, 2026 to October 31, 2026 · start: 2026-09-09 · approval: state: unstated · averages: rate: 869.06 · quote: The average hourly rate is $869.06. · scope: Gowling Accounts · currency: · invoices: · firm text: Gowling · firm quote: Attached as Exhibit 'A' are copies of Gowling's accounts with respect to the fees and disbursements incurred for the period from September 9, 2026 to October 31, 2026. · context quote: The fees and disbursements for the period from September 9, 2026 to October 31, 2026 are summarized in the invoices rendered to the Receiver.; form: prose · rows: · money: total: quote: the amount of $422,133.54, inclusive of disbursements and HST · amount: 422133.54 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-10-25 · kind: interim · quote: for the period from September 7, 2026 to October 25, 2026 · start: 2026-09-07 · approval: state: unstated · averages: rate: 579.85 · quote: at an average rate of $579.85 per hour (excluding HST) · scope: excluding HST · currency: · invoices: · firm quote: Receiver's time dockets with respect to professional fees incurred in respect of the receivership of the Debtors · hours total: quote: a total of 634.55 hours · value: 634.55 · context quote: Receiver's time dockets with respect to professional fees incurred in respect of the receivership of the Debtors for the period from September 7, 2026 to October 25, 2026 · firm unverified: true
- insolvency professionalEvan MacKinnon
- insolvency professionalEvan MacKinnon
- operational summaryThe Monitor is winding down Mississauga Chrysler and shutting the ancillary operations (towing, collision, MetroFleet rentals) after finding them unprofitable and unsaleable, while the SISP continues for the remaining dealerships. Stratford Kia, Stratford Nissan and Oakville Mitsubishi remain operating, though Stratford Nissan suffered a multi-day power outage. The Monitor seeks authority to assign five non-viable entities into bankruptcy.
- process resultsndas: 27 · note: Teaser letter distributed to approximately 272 parties; 27 NDAs signed; EOI count not visible in the retained text · solicited: 272
- professional feesnote: Includes disbursements and applicable taxes. Gowling WLG (counsel to the Monitor) fees for September 9 to October 31, 2026 are $215,583.54 including disbursements and applicable taxes. Both amounts are not yet approved by the Court. · party: Goldhar & Associates Ltd. (Monitor) · amount: 422133.54 · period: September 7, 2026 to October 25, 2026 · currency: CAD
- purchaser1001805320 Ontario Inc.
- report date7 November 2026
- report noFourth Report
- sale advisorBDO Canada Transaction Advisory Services Inc.
- what is offeredThe Trinity Auto Group's OEM car dealerships (Kia, Nissan, Mitsubishi) and ancillary operations, including real estate holdings in Brampton and Mississauga
- sale outcometext: The SISP produced expressions of interest that the Sales Agent and Monitor evaluated and ranked; a form of agreement and Monitor's certificate for a sale of the 2260 Battleford Road property are appended to the report. · scope: parcel · status: pending_approval