Ontario · Receivership (court-appointed)
Application Record of the Applicant dated July 24, 2025 (3)
Application / notice of application · 24 July 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 filing5 verified
- secured creditorsnote: Crown/provincial tax lien registration (Ministry of Finance); amount field illegible/not stated in registration record. · page: 1 · debtor: Advantage Machine & Tool Inc. · creditor: His Majesty in Right of Ontario, represented by the Minister of Finance · currency: CAD · security: PPSA registration (motor vehicle schedule - 2018 Ford truck) with general collateral (inventory/equipment/accounts/other)
- secured creditorsnote: Aggregated per PMSI-class convention; no dollar amounts stated in any of the underlying registrations. · page: 3 · debtor: Advantage Machine & Tool Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized equipment financing/lease registrations: Concentra Equipment Finance, a division of Bennington Financial Corp. (2018 Ford C400IB / Fanuc Robocut CNC Wire EDM machine, pp.3-7); Wells Fargo Equipment Finance Company (C22 Okuma LB2000 lathe, pp.9-13); De Lage Landen Financial Services Canada Inc. (2022 Okuma 2000EX lathe, pp.14-15; GMC/Cube M560-V vehicle, p.18).
- secured creditorsnote: No amount stated in registration. · page: 8 · debtor: Advantage Machine & Tool Inc. · creditor: Bank of Montreal · currency: CAD · security: General Assignment of Rents re: property municipally known as 155 Huron Road West, Mitchell, Ontario
- secured creditorsnote: Individual secured party (relationship to debtor not stated in registration); amount per Change Statement/amendment dated 2022-02-16 to base registration 20220113 1521 2940 0754 (file 779654098, see original registration at p.17). · page: 16 · as of: 2022-02-16 · amount: 2077797 · debtor: Advantage Machine & Tool Inc. · creditor: David Lloyd McCarthy · currency: CAD · security: General Security Agreement (blanket inventory/equipment/accounts/other)
- secured creditorsnote: Blanket all-property registrant; no amount stated in registration; distinct capacity from Bank of Montreal's General Assignment of Rents registration. · page: 19 · debtor: Advantage Machine & Tool Inc. · creditor: Bank of Montreal · currency: CAD · security: General Security Agreement over all present and after-acquired personal/movable property of the debtor