Ontario · Receivership (court-appointed)
Notice and Statement of Receiver re 1522480 Ontario Inc. d/b/a Experience Nissan
Notice of receiver (s. 245 / Form 87) · 6 February 2025
Also filed as: Notice and Statement of Receiver re 1522480 Ontario Inc. d/b/a Experience Nissan
A plain-language read of this filing opens with a subscription.
What we verified from this filing19 verified
- financial positionnote: The stated asset total is $1,670,432: cash $31,480; inventory $1,526,180; property and equipment $112,772. Nissan car dealership at 77 Commerce Rd, Orillia, ON. The Receiver's plan is a public sale process. · page: 1 · as at: 2023-12-31 · basis: “Approximate net book value of the Debtor's assets… per the unaudited financial statements of the Debtor as at December 31, 2023 (except for Cash). The Receiver has not audited, reviewed, or otherwise attempted to verify the accuracy of the foregoing.” · scope: 1522480 Ontario Inc. d/b/a Experience Nissan (entity level) — assets only · currency: CAD · total assets: 1670432
- secured creditorsnote: Stated “as at January 28, 2025, inclusive of principal and interest and professional fees incurred by Nissan Canada Inc. prior to the Receivership.” Item 3(d) names the claimant “Nissan Canada Inc.” · page: 1 · as of: 2025-01-28 · basis: Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA), B. Riley Farber Inc., dated February 6, 2025, item 3(d): amount owed to the creditor who holds or may hold security. Receiver appointed January 28, 2025 by Order of Justice Penny, Ontario Superior Court of Justice (Commercial List). · amount: 1960409.64 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Nissan Canada Inc. · currency: CAD · security: The creditor who holds or may hold security on the Debtor's property (item 3(d)).
- secured creditorsnote: Stated as “amount owing unknown”. · page: 1 · basis: Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA), B. Riley Farber Inc., dated February 6, 2025, item 3(d): amount owed to the creditor who holds or may hold security. Receiver appointed January 28, 2025 by Order of Justice Penny, Ontario Superior Court of Justice (Commercial List). · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: HSBC Bank Canada · currency: CAD · security: Listed under item 3(d) as a creditor who holds or may hold security.
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 2536.08 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Apc Orillia · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 472.34 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Armour Group INC. · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 6271.96 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Auto Trader · currency: CAD
- unsecured creditorsnote: Crown claim. The stated amount of $1.00 is a placeholder, not a measured balance. · page: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 1 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 8914.43 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Consolidated Dealers Co · currency: CAD
- unsecured creditorsnote: Name appears truncated in the document's own table. · page: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 2539.11 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: First Canadian Protecti · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 88.95 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Maple Nissan · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 259.29 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Mitchell 1 · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 585.01 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Orillia Kia · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 3143.28 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Partsource · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 906.84 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Stox Distribution · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 807.45 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Uni-Select Inc. · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 1256 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Vehicle Armour INC. · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 5620.9 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Dealer Socket · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 7684 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Corner Stone United Ltd · currency: CAD
- unsecured creditorspage: 3 · basis: Attached list of unsecured creditors to the Notice and Statement of the Receiver, B. Riley Farber Inc., February 6, 2025 — “based on the information currently available to the Receiver”. Stated total $41,250.49. · amount: 163.85 · debtor: 1522480 Ontario Inc. d/b/a Experience Nissan · creditor: Acres Auto Glass · currency: CAD