Ontario · NOI
Second Report of the Receiver - 19-Jan-2026
Court officer report · 19 January 2026
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What we verified from this filing13 verified
- closing confirmedscope: the Bonnefield Transaction · outcome: completed · effective: 2025-11-05 · purchaser: Bonnefield Canadian Farmland LP V Master · date basis: stated · approval order date: 2025-10-23
- disbursementssince: Appointment Date (May 15, 2025) · amount: 2646868.42 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · label: the Period · quote: The average hourly rate billed by the Receiver during the Period is $246.78. · approval: state: unstated · averages: rate: 246.78 · quote: The average hourly rate billed by the Receiver during the Period is $246.78. · currency: · invoices: date: 2025-11-30 · quote: an account dated November 30, 2025 in the amount of $13,061.75 in respect of the period from November 1, 2025 to November 30, 2025 · total: 13061.75 · period end: 2025-11-30 · period start: 2025-11-01; date: 2026-01-14 · quote: an account dated January 14, 2026 in the amount of $8,811.74 in respect of the period from December 1, 2025 to December 31, 2025 · total: 8811.74 · period end: 2025-12-31 · period start: 2025-12-01 · firm text: BDO Canada Limited · firm quote: SECOND REPORT OF BDO CANADA LIMITED, IN ITS CAPACITY AS THE COURT-APPOINTED RECEIVER AND MANAGER OF THE RESPONDENTS · context quote: IN ITS CAPACITY AS THE COURT-APPOINTED RECEIVER AND MANAGER OF THE RESPONDENTS
- operational summaryThe Receiver has ceased all business operations of the Companies and is winding down remaining activities, including marketing the remaining real property and preparing to auction the remaining equipment.
- process resultsbids: 2 · note: auction proposals solicited from two auctioneers, not bids for the Equipment itself · as of: 2026-01-19 · solicited: 2
- professional feesnote: Excludes HST of $6,345.70 (total with HST $55,158.70); A&B (Receiver's legal counsel) separately incurred fees of $79,206.00 plus disbursements of $1,458.33, plus HST of $10,413.04, for a total of $91,077.37 for the period October 1, 2025 to December 31, 2025. · party: Receiver (BDO Canada Limited) · amount: 48813 · period: October 1, 2025 to January 4, 2026 · currency: CAD
- purchaserBonnefield Canadian Farmland LP V Master
- receipts cumulativesince: Appointment Date (May 15, 2025) · amount: 3742584.62 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: BNS, who is the fulcrum creditor and expected to suffer a shortfall on the indebtedness owed to it by the Companies, is supportive of the Transaction. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BNS · creditor name: BNS · interim final: unstated · claims qualifier: unstated · table missing:
- report date19 January 2026
- report noSecond Report
- sale advisorLeveredge Asset Solutions Inc.; CanamAppraiz Inc.
- sale outcometext: Bonnefield transaction closed; Auction of remaining Equipment pending Court approval · scope: liquidation · status: liquidation_in_progress