Ontario · Receivership (court-appointed)
First Report of the Receiver dated April 4, 2025.pdf
Court officer report · 4 April 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 filing4 verified
- secured creditorsnote: No outstanding balance stated in this report; TD Bank supports the HWD Transaction · page: 11 · debtor: JBT Group (JBT Transport Inc., Waydom Management Inc., Melair Management Inc., Heritage Truck Lines Inc., Drumbo Transport Limited, Heritage Northern Logistics Inc., Heritage Warehousing & Distribution Inc.) · creditor: The Toronto-Dominion Bank (TD Bank) · currency: CAD · security: Described as senior secured lender to the JBT Group; PPSA registrations against HWD, including asset/VIN-specific registrations over 3 forklifts (2019 CROWN ENCORE RM6025-45, VIN 1A550423; 2015 CROWN ENCORE SC5245-40, VIN 9A219585; 2013 CROWN ENCORE SC5245-40, VIN 9A198864)
- secured creditorsnote: Individual creditor names and amounts not stated on the pages provided; all secured creditors with PPSA registrations against HWD were served with this motion · page: 11 · debtor: Heritage Warehousing & Distribution Inc. (and other JBT Group entities re: equipment financiers) · creditor: Other PPSA-registered secured creditors against HWD (unnamed, incl. equipment financiers) · currency: CAD · security: PPSA registrations summarized in Appendix 'D' (PPSA Summary), which is referenced but not included in the provided pages; Receiver also requested financing/leasing agreements and pay-out statements from equipment financiers
- unsecured creditorsnote: Amount not quantified in this report · page: 12 · as of: after NOI Filing Date · basis: Proposed Monitor's Pre-Filing Report states that, after the NOI Filing Date and resulting stay of proceedings, certain carriers were not paid and became unsecured creditors in the NOI proceedings · debtor: JBT Group · creditor: Unpaid carriers (Carrier Arrangements) · currency: CAD
- unsecured creditorsnote: Currently unsecured; fees incurred prior to the Date of Receivership (March 6, 2025); Receiver requests Court approval to expand the Administration Charge (capped at $75,000) to secure these fees pari passu with the Receiver's charge, but this charge has not yet been granted · page: 14 · basis: CCAA-Professionals advised they have unpaid professional fees associated with the failed CCAA proceedings of approximately $71,000 · amount: 71000 · debtor: JBT Group · creditor: CCAA-Professionals (Dodick Landau Inc., its counsel, and the Applicants' counsel) · currency: CAD