Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 3 March 2025
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 filing9 verified
- secured creditorsnote: Individual named as 'Secured Party' on the service list, address 54 Wanless Crescent, Toronto - shared with other Brennan/Donnelly secured parties; likely related party to sole director Hugh Brennan. Person, not a company - name recorded for identification only. · page: 7 · debtor: Dixie Chrysler Ltd. · creditor: Mark J. Brennan · currency: CAD
- secured creditorsnote: Named as 'Secured Party' on the service list; no PPSA registration detail or amount found in the reviewed pages. · page: 7 · debtor: Dixie Chrysler Ltd. · creditor: The Bank of Nova Scotia · currency: CAD
- secured creditorsnote: Named as 'Secured Party' on the service list; no PPSA registration detail or amount found in the reviewed pages. · page: 7 · debtor: Dixie Chrysler Ltd. · creditor: Snap-On Credit Canada Ltd. · currency: CAD
- secured creditorsnote: Individual named as 'Secured Party' on the service list, same address (54 Wanless Crescent) as other related secured parties; likely related party. · page: 8 · debtor: Dixie Chrysler Ltd. · creditor: Siobhan M. Brennan-Donnelly · currency: CAD
- secured creditorsnote: Individual named as 'Secured Party' on the service list, same address (54 Wanless Crescent) as other related secured parties; likely related party. · page: 8 · debtor: Dixie Chrysler Ltd. · creditor: Greta M. Brennan · currency: CAD
- secured creditorsnote: Named as 'Secured Party' on the service list. PPSA registration (file 762023358, registered 2020-05-21) originally named secured party 'Jeffrey J. Brennan', later amended (registered 2020-06-02) to correct the name to 'Jeffrey J. Donnelly'; collateral classification and amount fields are blank/unstated in the registration. Address matches other related Brennan/Donnelly secured parties - likely related party. · page: 8 · debtor: Dixie Chrysler Ltd. · creditor: Jeffrey J. Donnelly · currency: CAD
- secured creditorsnote: Named as 'Secured Party' on the service list. Affidavit describes Ally as a 'precursor entity from which RBC was assigned certain security and security registrations' under a Master Lease Agreement dated Sept 23, 2011; PPSA search confirms one Ally-held registration (file 677958858, originally registered by Ally 2012-04-30) was assigned to Royal Bank of Canada on 2013-05-07 - that position is now part of RBC's security, not a current independent Ally claim. PPSA search also shows other older registrations (originally General Motors Acceptance Corporation of Canada, Limited, assigned to Ally in 2012) associated with the Debtor/its predecessors (Dixie Plymouth Chrysler, MJB Corp.) still showing Ally as secured party, with no amount stated. · page: 8 · debtor: Dixie Chrysler Ltd. · creditor: Ally Credit Canada Limited · currency: CAD
- secured creditorsnote: Named as 'Secured Party' on the service list. PPSA search shows GMAC as an historical assignor: its registered interest (originally under debtor names 'Dixie Plymouth Chrysler'/'MJB Corp.') was assigned to Ally Credit Canada Limited via amendment registered 2012-09-25; GMAC's direct registered position therefore appears superseded. · page: 8 · debtor: Dixie Chrysler Ltd. · creditor: General Motors Acceptance Corporation of Canada, Limited · currency: CAD
- secured creditorsnote: Amount per affidavit's Indebtedness table as at Feb 10, 2025, corroborated by identical figure in the Demand Letter and BIA Notice both dated Feb 11, 2025. Affidavit also describes 'Unremitted Funds' of $1,356,303.96 as of Feb 24, 2025 (para 12) and Demand Letter cites 'Out of Trust Funds' principal of $1,495,783.22 as of Feb 6, 2025 - both describing debtor's growing failure to remit floor-plan vehicle sale proceeds; affidavit para 5 gives a rounded approximation of 'approximately 1.35 million dollars' for this same category. These figures are not shown as separately added to the $10,471,062.46 total. · page: 21 · as of: 2025-02-10 · amount: 10471062.46 · debtor: Dixie Chrysler Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated January 24, 2014; Bank Act (s.427) security dated February 15, 2014; Security Agreement (Inventory) dated January 24, 2014; Security Agreement (Leased Unit) dated January 24, 2014; Master Lease Agreement dated September 23, 2011 originally granted to Ally Credit Canada Limited and assigned to RBC; first-in-time all-asset PPSA registrant