Ontario · Receivership (court-appointed)
Affidavit of Sue Moore dated November 20, 2024.
Affidavit · 20 November 2024
What we verified from this filing8 verified · 1 withheld
- secured creditorsnote: Approximate, unsubstantiated by documents (Company advised of amount); deemed trust class (GST/HST); figure taken from Borrowing Certificate submitted to RBC Oct 25, 2024. · page: 20 · as of: 2024-10-25 · amount: 320000 · debtor: Moore Brothers Transport Ltd. · creditor: Canada Revenue Agency (CRA) - HST · currency: CAD
- secured creditorsnote: Deemed trust class (payroll source deductions); per Source Deduction Statement of Account dated Oct 23, 2024. Ranks ahead of ordinary secured claims. · page: 21 · as of: 2024-10-23 · amount: 1073421.62 · debtor: Moore Brothers Transport Ltd. · creditor: Canada Revenue Agency (CRA) - Source Deductions · currency: CAD
- secured creditorsnote: Deemed trust claim under Employment Standards Act (Ontario), capped at $10,000 per employee; total outstanding vacation pay per internally prepared balance sheet as at Sept 30, 2024. · page: 21 · as of: 2024-09-30 · amount: 63229.14 · debtor: Moore Brothers Transport Ltd. · creditor: Employees (Vacation Pay Deemed Trust) · currency: CAD
- secured creditorsnote: Confirmed secured creditor (para 3, p.11). RBC's security also confirmed by Company's counsel to extend to assets transferred to CBM Rentals Inc. (related-party transfer being reversed) (p.4-5). · page: 22 · as of: 2024-11-15 · amount: 3308836.9 · debtor: Moore Brothers Transport Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement (GSA) over all assets/undertakings/property; components: Operating Line $2,254,701.36, Term Loan $153,433.27, Auto Finance Term Loan $16,872.70, Operating Leases $551,029.57 (three leases), Visa Facility $332,800.00
- secured creditorsnote: No balance stated; TD requested return of its financed equipment. · page: 22 · debtor: Moore Brothers Transport Ltd. · creditor: The Toronto-Dominion Bank (TD) · currency: CAD · security: Equipment financing/lease over specific vehicles (equipment requested to be returned)
- secured creditorsnote: Demand notice (no amount stated) threatening court action to realize on security unless trailers returned/account paid; Company arranged trailer return. · page: 23 · as of: 2024-10-15 · debtor: Moore Brothers Transport Ltd. · creditor: TIP Canada / Transportation Equipment Network (TIP/TEN) · currency: CAD · security: Equipment lease/security over trailers
- secured creditorsnote: Demand notice amount; Company has since made payment arrangements re: leased assets. · page: 23 · as of: 2024-10-18 · amount: 281515.9 · debtor: Moore Brothers Transport Ltd. · creditor: Bank of Montreal (BMO) · currency: CAD · security: Equipment lease financing (assets leased from BMO)
- secured creditorsnote: Aggregated per-unit lease balances listed in insurance/appraisal spreadsheet (Exhibit B); document does not provide a summed total, individual lease amounts per unit shown in exhibit. · page: 25 · as of: 2024-07-31 · debtor: Moore Brothers Transport Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized-equipment financing/leases over individual tractors, trailers, and vehicles (PPSA/PMSI security); lessors include RCAP Leasing, LBC Capital, CWB Leasing, Meridian Onecap, TD Equip Finance, Mitsubishi HC Capital, BMO Leasing, RBC Leasing, Concentra Financial, Ford
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.