Ontario · CCAA
Motion Record of the Applicants Vol I of II
Application / notice of application · 22 September 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 filing4 verified
- secured creditorsnote: Amount is principal only, stated as "plus accrued and unpaid interest and fees" (the "FCC Indebtedness"). Applicants are in default for failure to maintain the required debt to equity ratio. FCC is also the proposed DIP Lender (maximum $2,000,000 non-revolving, super-priority DIP Charge, ranking behind only the Administration Charge), which is post-filing financing and not part of the pre-filing indebtedness. · page: 35 · as of: 2026-09-14 · amount: 12872000 · debtor: S. Gumpert Co. of Canada Ltd., Gumpert Holding Inc., Gumpert RealCo Inc. (the Applicants); 13598233 Canada Inc. ("135 Inc.") also granted a GSA · creditor: Farm Credit Canada (FCC) · currency: CAD · security: Under the May 2024 and October 2024 FCC Loan Agreements: general security agreements over all present and after-acquired property of Gumpert (May 31, 2024 and a Nov 25, 2024 Security Agreement), HoldCo, RealCo and 135 Inc. (May 31, 2024); mortgage over the Real Property (65 Oriole Pkwy E and 115 Bonnie Cres, Elmira) registered as WR1575257 and WR1616280, maximum amount $9,250,000 increased to $16,000,000 on Jan 20, 2025 (registration ceiling, not a balance); limited guarantees of Daniel McPherson and Yuliia/Julia Pociurko, each $2,312,500. Loan Agreement facilities: October 2024 Credit Facilities $4,100,000 principal; mortgage loans variable rate. PPR registrations: Gumpert 20250123 1142 1590 5066; HoldCo 20240209 1246 5098 4444 and 20241126 1049 5098 7752; 135 Inc. 20240530 0904 1902 4695; RealCo 20240530 0900 1901 8898 and 20241126 1054 5098 7753.
- secured creditorsnote: Outstanding balance owed to RBC is not stated on these pages. Only the first listed security item (the Gumpert GSA) is described on the pages provided; the remaining RBC security is known only from the exhibit index. · page: 35 · debtor: S. Gumpert Co. of Canada Ltd. (borrower); guarantees from RealCo and HoldCo · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Amended and restated RBC Loan Agreement dated Nov 20, 2025 establishing, among other facilities, the RBC Revolver in a maximum principal amount of $5,000,000 (a facility limit, not an outstanding balance). Secured by RBC Gumpert GSA dated June 1, 2011 over all present and after-acquired property of Gumpert; the index also lists RBC guarantees from RealCo and HoldCo, a RBC HoldCo GSA and a RBC postponement letter (Exhibits Z, AA, BB, CC). RBC holds a Sweeping Set-off over the bank accounts, applying any credit balance to repay the revolver.
- unsecured creditorsnote: Municipal property tax claim; Total Past Due $0.00. A 2026 sidewalk snow removal amount of $285.09 (By-law 25-2026) is also listed. A separate Township account history for S. Gumpert Co. of Canada Ltd. (account 066603B) shows a balance of ($411.05) (a credit) at 2026-09-08. · page: 231 · as of: 2026-09-08 · basis: Township of Woolwich Tax Certificate No. 6911, Total Outstanding $8,381.51 (final installment due Oct 2, 2026) · amount: 8381.51 · debtor: Gumpert RealCo Inc. · creditor: Township of Woolwich (property taxes, 65 Oriole Pkwy E) · currency: CAD
- unsecured creditorsnote: Municipal property tax claim; Total Past Due $0.00. The certificate also lists utility charges owing (water reserve $84.89, sewer reserve $89.63, water use $6,495.02, sewer use $10,834.13, due 2026-09-17, none past due) and a 2026 sidewalk snow removal amount of $965.13 under By-law 25-2026. The $28,374.18 is the tax figure and does not appear to include the utility charges; the certificate's overall total is not stated. · page: 233 · as of: 2026-09-08 · basis: Township of Woolwich Tax Certificate No. 6910, Total Outstanding $28,374.18 (final installment due Oct 2, 2026) · amount: 28374.18 · debtor: Gumpert RealCo Inc. · creditor: Township of Woolwich (property taxes and utility charges, 115 Bonnie Cres) · currency: CAD