Ontario · CCAA
Motion Record - Returnable October 30, 2026
Application / notice of application · 26 October 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 filing5 verified
- secured creditorsnote: No total balance is stated in the pages provided; claims are components (FHHL Summit Entitlement Claim, FHHL Revolver Entitlement Claim, FHHL Rumble Entitlement Claim, FHHL JNR Participation Claim). Entitlement ranking varies by recovery source: first against Rumble and JNR proceeds, and fourth (after Vyner and 196 Ontario) against the balance of EBF's Property. The Monitor concluded FHHL's trust claim over JNR recoveries was not traceable in commingled funds as to Summit; the Notices of Dispute filed by Vyner and 196 Ontario on Sept 4, 2026 were withdrawn under the Global Settlement Agreement. Proposed distributions: $750,000 (Summit claim) and $220,000 (JNR claim). · page: 63 · debtor: The EBF Group Ltd. · creditor: Fred Hageman's Holdings Limited (FHHL) · currency: CAD · security: Claims under the Summit Participation Agreement, FHHL Revolving Note, Rumble Facility Agreement/FHHL-Rumble Note and JNR Participation Agreement. FHHL advanced $1,500,000 under the Summit Participation Agreement (Sept 26 and Oct 1, 2025) — an original advance, not a current balance.
- secured creditorsnote: The Monitor concluded there was likely no indebtedness owing by EBF to the Paatz Trust secured by that security. No notice of dispute was filed, so the Paatz Trust is deemed to have accepted the Monitor's conclusions. Not a party to the Global Settlement Agreement. · page: 64 · debtor: The EBF Group Ltd. · creditor: Paatz 2016 Family Trust · currency: CAD · security: General security interest in the Company's personal property, valid and perfected.
- secured creditorsnote: Amount is inclusive of accrued interest, excluding legal fees, as advised by Vyner's counsel; the Monitor did not independently verify it. Under the Entitlement waterfall Vyner ranks first against the balance of EBF's Property, and second (behind FHHL) against Summit-, Rumble- and JNR-related proceeds. The Global Settlement Agreement (Sept 15, 2026) and proposed distribution (approx. $2.6M to Vyner) are described in the motion record. · page: 128 · as of: 2026-07-15 · amount: 6555448.11 · debtor: The EBF Group Ltd. · creditor: Brian Vyner · currency: CAD · security: Vyner GSA dated Sept 15, 2021 over all present and after-acquired personal property; PPSA registered Sept 13, 2021, renewed Apr 7, 2026 (expires Sept 13, 2029). Facility: non-revolving term loan, lesser of $5,750,000 (Fourth A&R Vyner Loan Agreement, Dec 6, 2024) and the Margin Limit — a facility limit, not the balance.
- secured creditorsnote: No current balance is stated in the pages provided. The Monitor concluded that no further distribution to 196 Ontario is contemplated beyond the first $250,000 of JNR Farms collateral proceeds under the Global Settlement Agreement, based on estimated recoveries. Priority: third against Rumble, JNR Farms and balance-of-Property proceeds. · page: 129 · debtor: The EBF Group Ltd. · creditor: 1968328 Ontario Inc. (196 Ontario) · currency: CAD · security: 196 Loan Agreement dated June 10, 2021; original principal $3,000,000 (the 196 Facility), evidenced by the 196 Original Promissory Note — original advance, not a current balance.
- unsecured creditorsnote: Asserted claim; contractual interest continues to accrue. JED also asserts a trust over funds EBF received from account debtors (alternatively unjust enrichment) — a disputed, unadjudicated claim. The Monitor's responding letter is dated Oct 22, 2026 (not in the pages provided). · page: 212 · as of: 2026-08-11 · basis: Unpaid trade creditor of Geosense (five invoices, services Jan 22–Mar 13, 2026); demand letter dated Aug 11, 2026 asserts claim against EBF. · amount: 147301.99 · debtor: Geosense Drilling Ltd. (demand also made on The EBF Group Ltd.) · creditor: J.E.D. Anchors & Environmental Ltd. (JED Environmental) · currency: CAD