Ontario · NOI
Motion Record
Application / notice of application · 10 September 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 filing10 verified
- applicantBucephalas Stables Corp.
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noBK-25-03244323-0031
- financial positionnote: The Motion (sworn September 10, 2025) separately states the Company 'currently has approximately $6,773,960 of debt' (a prose approximation at the motion date), which differs slightly from the $6,717,260 total liabilities reported in the unaudited financial statements as at February 26, 2025. · page: 65 · as at: 2025-02-26 · basis: unaudited financial statements · scope: entity (Bucephalas Stables Corp.) · currency: CAD · total assets: 2134709 · total liabilities: 6717260
- secured creditorsnote: BDC Loan originally advanced at $3,500,000 (August 14, 2018 Letter of Offer) - original advance, not current balance. Personal guarantees given by CEO Jason Fisher and his wife (partial personal guarantees). · page: 66 · as of: 2025-07-07 · amount: 2994000 · debtor: Bucephalas Stables Corp. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General security interest in all of the Company's property, registered under the PPSA on September 14, 2018.
- secured creditorsnote: Regulatory tax debt (unpaid provincial Beer Tax); amount is the Company's own estimate ('estimates that it owes approximately'). · page: 68 · as of: 2025-07-07 · amount: 100983.07 · debtor: Bucephalas Stables Corp. · creditor: Ontario Ministry of Finance (Beer Tax) · currency: CAD · security: PPSA financing statement registered March 11, 2024 in the amount of $25,338, amended December 31, 2024 to $90,690 (registration amount, not balance).
- secured creditorsnote: Driven Facility maximum credit amount is $400,000 (facility limit, not balance). · page: 68 · as of: 2025-07-07 · amount: 295068 · debtor: Bucephalas Stables Corp. · creditor: Driven Financial Technologies Corporation · currency: CAD · security: General security interest over the Company's property, per loan agreement dated October 3, 2024.
- secured creditorsnote: Personal guarantees given by CEO Jason Fisher and his wife. BMO and BDC are parties to a Priorities Agreement dated September 13, 2019 re priority over certain Company property. · page: 68 · as of: 2025-07-07 · amount: 817000 · debtor: Bucephalas Stables Corp. · creditor: Bank of Montreal (BMO) · currency: CAD · security: General security interest in all of the Company's Property, registered under the PPSA on August 9, 2019. Comprises BMO Capital Facility (facility limit $500,000), BMO LOC (facility limit $500,000), BMO MasterCard (facility limit $75,000), and BMO Term Loan ($250,000 advanced April 16, 2021).
- secured creditorsnote: HST and excise tax arrears; deemed-trust class claim. Document lists this separately from its 'Secured Creditors' heading (classifying it under a separate Canada Revenue Agency section), but deemed-trust indebtedness is treated as a priority quasi-governmental claim. · page: 69 · as of: 2025-07-07 · amount: 10762 · debtor: Bucephalas Stables Corp. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Promissory note executed November 28, 2023, due November 28, 2025. · page: 69 · as of: 2025-07-07 · amount: 100000 · debtor: Bucephalas Stables Corp. · creditor: 1989678 Ontario Limited · currency: CAD · security: PPSA financing statement registered December 13, 2023 (originally against misspelled debtor name 'Buchephalas Stables Corp'), amended May 26, 2025 to correct the debtor name.