Ontario · CCAA
Application Record
Application / notice of application · 27 February 2026
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What we verified from this filing9 verified
- applicantXTM Inc. and Everyday People Payments Inc.
- commencement date27 February 2026
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00000084-0000
- provinceONTARIO
- secured creditorsnote: No dollar balance disclosed on these pages; Pateno is described elsewhere as the Applicants' 'primary secured creditor' (unquantified) and also acts as the proposed DIP Lender in the CCAA proceeding; a separate secured demand loan agreement (effective Jan 1, 2025) provides a revolving credit facility with a stated principal ceiling of up to $13,000,000 (facility limit, not a balance) · page: 61 · as of: 2026-02-12 · debtor: XTM Inc. · creditor: Pateno Payments Inc. · currency: CAD · security: PPSA registrations (3) identified in the XTM PPSA Search (file currency Feb 12, 2026); one registration also names DC Bank and Pateno Payments USA Limited as secured parties; General Security Agreement referenced at Tab S
- secured creditorsnote: Also listed as 'Secured Creditor' on the proceeding's Service List · page: 62 · as of: 2026-02-12 · amount: 2572 · debtor: XTM Inc. · creditor: His Majesty in Right of Ontario, represented by the Minister of Finance · currency: CAD · security: PPSA registration
- secured creditorsnote: Deemed trust class (statutory remittance obligation); outstanding source deductions (employee withholdings and employer remittances), stated as approximate ('approximately $226,683') as of the date of the Affidavit · page: 63 · as of: 2026-02-26 · amount: 226683 · debtor: XTM Inc. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Deemed trust class (statutory remittance obligation); outstanding HST owing, stated as approximate ('approximately $58,034') as of the date of the Affidavit · page: 63 · as of: 2026-02-26 · amount: 58034 · debtor: XTM Inc. · creditor: Canada Revenue Agency · currency: CAD