Ontario · Receivership (court-appointed)
Application Record Part 1 of 2
Application / notice of application · 30 April 2026
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 filing3 verified
- secured creditorsnote: Credit facilities repayable on demand. Personal guarantees of repayment provided by Global's Principals (sole director/officer and his spouse). Section 244 BIA Enforcement Notice served April 13, 2026; statutory notice period lapsed, security enforceable. Bank also holds a 2010 chattel mortgage (PPSA file 658968345) over a specific 2006 Dodge Sprinter vehicle, registered under Global's prior corporate name 'Global Audio Visual Ltd.' · page: 22 · as of: 2026-04-22 · amount: 5289770.92 · debtor: Global Unified Solution Services Inc. · creditor: Bank of Montreal · currency: CAD · security: General Security Agreement (GSA) dated December 15, 2009 over all present and after-acquired personal property, assets and undertaking of Global; PPSA financing statement is first-in-time against Global's Personal Property (financing statement expires 2030-10-01). Four Credit Facilities under Letter of Agreement dated Aug 12, 2025: Facility 01 non-revolving working capital facility limit $1,000,000.00; Facility 02 operating demand loan limit $4,000,000.00; Facility 03 corporate MasterCard limit $70,000.00; Facility 04 fixed rate term loan (FRTL) limit $324,074.10 (facility limits, not balances). Outstanding balance breakdown as of April 22, 2026: Operating Loan $3,958,063.23; Non-Revolving Facility $942,851.33; MasterCard $96,486.47; FRTL $292,369.89.
- secured creditorsnote: Aggregated serialized-equipment/inventory PMSI financiers; no amounts stated in registrations. · page: 83 · as of: 2026-04-23 · debtor: Global Unified Solution Services Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Purchase-money security interests (PMSI) in inventory, equipment, goods and related proceeds: Ingram Micro Inc. (PPSA file 726015717, registered 2017-03-28, renewed 2021 for 5 years); Synnex Canada Limited (PPSA file 781802271, registered 2022-04-06 for 5 years).
- secured creditorsnote: Blanket all-property registrant; amount not stated in registration. Priority relative to BMO's first-in-time GSA registration not addressed in this registration. · page: 92 · as of: 2026-04-23 · debtor: Global Unified Solution Services Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: PPSA financing statement (file 715932837), first registered April 22, 2016, blanket registration over consumer goods, inventory, equipment, accounts, motor vehicles and other collateral of Global; renewed 2020 and 2025.