Ontario · Receivership (court-appointed)
Motion Record - BDO Canada Limited dated April 7, 2025
Application / notice of application · 7 April 2025
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What we verified from this filing6 verified
- courtONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-25-00737791-00CL
- secured creditorsnote: USD-denominated portion of the same Indebtedness; described as 'approximate sum'; exclusive of professional fees; interest and legal costs continuing to accrue · page: 7 · as of: 2025-01-15 · amount: 50000 · debtor: JBT Transport Inc., Waydom Management Inc., Melair Management Inc., Heritage Truck Lines Inc., Drumbo Transport Limited, Heritage Northern Logistics Inc., Heritage Warehousing & Distribution Inc. (collectively the Debtors) · creditor: The Toronto-Dominion Bank · currency: USD · security: Same financing/security package as CAD indebtedness (see companion entry)
- secured creditorsnote: Described as 'approximate sum'; senior secured and largest creditor; exclusive of professional fees; interest and legal costs continuing to accrue (the 'Indebtedness') · page: 7 · as of: 2025-01-15 · amount: 16190972.66 · debtor: JBT Transport Inc., Waydom Management Inc., Melair Management Inc., Heritage Truck Lines Inc., Drumbo Transport Limited, Heritage Northern Logistics Inc., Heritage Warehousing & Distribution Inc. (collectively the Debtors) · creditor: The Toronto-Dominion Bank · currency: CAD · security: PPSA (Ontario) registration no. 20230124 1530 1793 8348 against Heritage Warehousing & Distribution Inc. (collateral classes: Equipment, Accounts, Motor Vehicle); general financing/credit facilities and forbearance agreement
- secured creditorsnote: Registration marked DISCHARGED (discharge registration 20250130 1405 1462 9474, dated 2025-01-30); no balance amount stated; not to be treated as current security · page: 155 · debtor: Heritage Warehousing & Distribution Inc. · creditor: Toyota Industries Commercial Finance Canada, Inc. · currency: CAD · security: Material handling equipment (forklifts) together with parts, attachments, accessories, batteries, chargers, repair parts and proceeds; PPSA registration no. 20230331 1001 1462 4926
- recovery outcomeentries: basis: estimated · quote: It does not propose to pay anything to TD Bank until there are distributions to creditors or there is a refinancing, in circumstances where TD Bank already anticipates that it will suffer a shortfall on its outstanding indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: unstated · class label: TD Bank · creditor name: The Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated · table missing: