Insights
The archive, newest first — posts 101–125 of 719. The 8 most recent are on the front. ← The newest analysis
Case update
Yeo Towns: no consent from HCRA, and a motion to replace Fusioncorp
The receiver says HCRA told it on September 21 that it would not consent to Fusioncorp staying on as construction manager. The court approved the unit sale process the next day; on October 19 the receiver sought approval to move Fusioncorp's contract to 59 Project Management at $10,500 a month, and moved its occupancy targets to December.
Outcome brief
Zonix Homes: the tower site goes to a receiver after three adjournments
On October 15, Justice Steele appointed TDB Restructuring Limited receiver over about 2.3 acres in Markham planned for two condominium towers, on second-ranking lender Cameron Stephens' application. In September the respondents' counsel had agreed that the application would proceed unopposed if the buyer's financing condition was not waived, unless the lenders agreed otherwise. The condition expired on October 9.
Outcome brief
Auberge du Lac Sacacomie: from 3,782 parties, three offers and a sealed price
On October 19, Justice Alain Trudel approved the sale of the 106-room resort to 9394-8834 Québec inc., whose offer the debtor says carried the highest proposed consideration of three binding bids in a process that opened with a teaser to 3,782 parties. The price stays sealed until closing or a further order.
Case update
1680 Brimley: the same $500,000, the receiver now accepts
Justice Dietrich's October 19 endorsement records the receiver's acceptance that about $16 million of transfers to Hansalex amount to the same $500,000, circled repeatedly. Hansalex agreed to explain that $500,000, and back up about $9 million more, by November 2; the receiver agreed to withdraw its motion without prejudice, and Kroll was appointed to image the respondents' servers.
Outcome brief
Evo Industrial: seven vehicles, five offers and a $950,000 share sale
On October 20, Justice Loo approved MNP's $950,000 sale of the shares of PFR Motorsports, whose primary assets are seven vehicles, to a company whose principal, the receiver disclosed, formerly served as the debtors' CFO, and authorized a distribution the receiver estimates will pay RBC about $915,000 and BDC an initial $415,000 on its secured debt.
Case update
Hazelton Development: the lien trades and paragraph 27
Six trades with lien claims do not oppose Firm Capital's acquisition of Hazelton but want the reverse vesting order to leave their Construction Act priority to be decided, arguing a 2022 clause ranking Firm Capital's charge ahead of construction liens never decided it. The monitor says their only recourse is three lien bonds of about $4.37 million.
Outcome brief
Mirror Trading International: Bitcoin or currency goes to the liability hearing
Justice Marion's September 3 order approves GlassRatner's two-phase clawback process but departs from the receiver's draft. The receiver's request for BIA ss. 95–96 authority is adjourned, causes of action not advanced in its liability application need leave, and that application must address the court's jurisdiction and whether amounts are owed in Bitcoin or currency.
Outcome brief
Romandale Farms: an hour's stand-down, and a receiver for some 89 acres
On October 21, Justice Dietrich appointed Rosen Goldberg Inc. receiver of Romandale Farms Limited's land in Markham, about 89 acres, and its proceeds, on the application of AFC Mortgage Administration Inc., owed about $6 million on two matured mortgages. The guarantor's request for a 10-day adjournment, on an affidavit filed during the hearing, was refused.
Filing brief
Simran Law: a receiver and investigator for two law firms, without notice
Justice Dunphy's October 19 order, on FCT Insurance Company Ltd.'s application brought without notice to the respondents, appoints Grant Thornton Limited receiver of two law firms' assets and of funds in their possession or control that they were required to hold in trust, and investigator of 25 listed transactions. The matter returns on November 23.
Simran Law Professional Corporation and JP Mann Law Firm Professional Corporation
Outcome brief
The Simple Investor: 16 bankruptcies, and the head office kept out
On October 20 Justice Steele ended the proposal period for 16 Simple Investor companies, which are deemed to have made assignments in bankruptcy, their estates procedurally consolidated. The head office's owner was left out; the trustee says an appraisal values that building several million dollars above the debt secured against it.
The Simple Investor Real Estate Group Inc. and related entities
Case update
AdvEn: two secured creditors' appeal struck for want of permission
On September 29 the Court of Appeal of Alberta struck two secured creditors' appeal of the order approving AdvEn's priming interim facility. Justice Jane Fagnan held that permission was required, refused more time to seek it, and found granting it more likely to "result in immediate bankruptcy." On October 1, Justice Lema extended the stay to November 17.
Outcome brief
AVP Greenhouse: a sealed sale after 78 weeks, and a recovery FCC won't fund
The Lincoln, Ontario cucumber greenhouse found its buyer after about 78 weeks, seven listing reductions and three failed deals. On September 29, 2026, Justice Bordin approved the sale at a sealed price and directed $103,819.82 from the equipment proceeds to CRA's deemed trust claim ahead of Farm Credit Canada, which the receiver expects to incur a deficiency.
Case update
Coast Appliances: 11,135 secured B.C. deposit holders on the books, 801 to be notified
In an application set for October 22, PwC, the monitor, seeks approval to pay the BMO-led syndicate $16.5 million of about $68.9 million owed and to hold up to $4.5 million for claims ranking ahead of it. Of 11,135 B.C. customers it counts as holding secured deposits, its proposed claims process would send notices to an estimated 801.
Coast Wholesale Appliances Inc. and Coast Holdings (GP) Ltd.
Case update
Green Impact Partners: the debtors ask to make the bank's CCAA their own
National Bank, which started the CCAA over eight Green Impact companies, was repaid $25,131,288.69 from the Firefall sale on August 13. In an application returnable October 21, the seven companies left ask to end the sale process, curtail the Monitor's enhanced powers, set a December 18 claims bar date and extend the stay to January 29, 2027.
Case update
Moonlight Sonata: five bank statements before the leave hearing
With the petitioners' application for leave to appeal set for October 27, AlixPartners' Fifth Report says the bank statements the debtors gave the project's cost consultant overstated a TD account's closing balance in each of the five 2025 months it checked, by $970,218.66 to $2,035,766.33. The principal, through counsel, says he was unaware of them.
Case update
Teal Jones: the monitor seeks a distribution to the interim lenders
With Competition Canada's no-action letter in hand, the Gillfor and Sumas sales are targeted to close October 30. The monitor's application, returnable October 26, seeks the net sale proceeds, about $21 million on its estimate, for interim lenders owed a projected $62.6 million, ahead of about $4 million of post-filing trade claims.
Case update
World Energy GH2: 228 targeted, fifteen in the data room
Grant Thornton's target list for the sale of the Stephenville wind-and-hydrogen project and its port ran to 228 parties; fifteen signed confidentiality agreements, and "multiple" letters of intent arrived by October 15, the monitor reports. It now seeks approval of a house sale at a price it asks to seal, and recommends deferring a former officer's CAD$66,000 claim.
Case update
XTM: Pateno withdraws from the merchant recovery program before closing
On October 17, 2026, Pateno Payments, XTM's DIP lender and approved buyer, told XTM and its monitor it had elected to withdraw from the Merchant Recovery Program it proposed with DC Bank, including a $1.5 million upfront fund. The applicants seek a stay to November 30 and intend to seek XTM's bankruptcy in November.
Case update
Diamond Luxury: the receiver asks to let go of 316 William Street
The receiver's cost-benefit analysis puts a sale of the boarded-up London building at a loss of $46,558 to $194,528, and TD Bank has told the receiver it does not wish to enforce its $600,000 mortgage. On a motion returnable October 30, Albert Gelman asks to remove the property from the receivership and be discharged.
Outcome brief
Igloo Industries: the factory clearance sale and the tax shield
On October 16, 2026, Justice Steele approved msi Spergel's final distributions from about $4.8 million in receipts, $2.8 million of it from a clearance sale worked by former employees, and declared the receiver free of liability under the tax statutes for facilitating them. BDC gets about $97,700; RBC, the net remainder, up to its debt.
Filing brief
InKan: a deadlocked board, its shareholders' notes and a receiver on consent
HD Newco Limited, which owns 40% of a Brampton custom-glass maker founded in 1976, demanded repayment of its notes in May and applied in September for a receiver, saying InKan's directors are deadlocked. InKan consented. Albert Gelman Inc., appointed October 9, lists the company's property at $5.5 million of unaudited net book value.
Case update
Panjaab Transport: the receiver asks to sell trucks in other names
A year into RBC's receivership of Panjaab Transport and the company that owns its two Oakville properties, the receiver's motion for December 15 seeks an unreserved auction including equipment registered to two other companies, a Cushman & Wakefield listing, and an order compelling the sole director to produce records.
8777691 Canada Inc. o/a Panjaab Transport and 2747826 Ontario Inc.
Outcome brief
Rocch Properties: advised not to sign, the guarantor gets 30 days to refinance
On October 19, 2026, Justice Dietrich granted Owemanco's application for a receiver over a Toronto house mortgaged for $2,000,000 to secure a guarantee, finding nothing to indicate the lender knew of issues with the authenticity or propriety of the guarantor's independent legal advice, and held the order back 30 days so she can try to refinance.
1954122 Ontario Ltd., Rocch Properties Inc., and 1000045722 Ontario Inc.
Case update
5055 Joyce: a bigger holdback reserve, and the case for a $14.8 million limit
In an October 16 supplement, the receiver puts the potential holdback shortfall at $1,064,688.63, up from $895,280.70, and says OPTrust has agreed to fund it plus a 25% reserve, $1,330,860.79 in all. It also seeks to raise its $8 million borrowing limit to $14.8 million. The hearing is set to continue on October 23.
Filing brief
Medulla & Co.: a receivership 'only marginally over the line'
On October 14 Justice Dunphy put the company that ran an upscale Yorkville hair salon into receivership on Equitable Bank's application, calling the case "only marginally over the line." The endorsement says the judge is "increasingly worried" by lenders' reliance on the remedy when private sale, summary judgment or writs of possession are open to them.