Ontario · Bankruptcy
Trustee's Preliminary Report - GLRM Oshawa 6 Inc.
Court officer report · 9 October 2025
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What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- court file no31-3277810
- proceeding typebia_bankruptcy
- provinceOntario
- commencement date26 September 2025
- statutory basisBankruptcy and Insolvency Act
- cash on handnote: Stated as at the Date of Bankruptcy · as at: 2025-09-26 · amount: 137371 · currency: CAD
- financial positionnote: Assets: real property Unit 6 (value not stated) and cash on hand of $137,371 as at Date of Bankruptcy (Sept 26, 2025) - no total assets figure given. Liabilities per SOA: Secured $7,000,000, Unsecured $181,746, Preferred Nil, Total $7,181,746; Claims as Filed by Oct 9, 2025: Secured $2,201,635, Unsecured Nil, Preferred Nil, Total $2,201,635. · as at: 2025-09-26 · basis: Claims as per Statement of Affairs dated September 26, 2025; differs from Claims as Filed (proofs of claim received by 5:00 PM EDT October 9, 2025) totalling $2,201,635 · scope: Oshawa 6 bankruptcy estate only (entity-level; not consolidated with related companies HBD, GLRM, CLHI) · currency: CAD · total liabilities: 7181746
- operational summaryUnit 6 remains tenanted and is being marketed for sale by CBRE Inc., while the Trustee reports that Oshawa 6's books and records were poorly maintained and largely unavailable, prompting investigations into reviewable transactions.
- recovery outcomeentries: basis: estimated · quote: The Trustee anticipates the sales process conducted by CBRE for Unit 6 will result in partial recovery for the Bank. · pct of: unstated · outcome: distribution · class key: secured · stated by: trustee · class label: the Bank · creditor name: Canadian Western Bank (now National Bank of Canada) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Trustee does not foresee any recovery for the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-10-09 · table missing:
- report date9 October 2025