Corporate Engagements

Pipertech Inc. filed an assignment in bankruptcy on April 21, 2022 and MNP Ltd. was named as Trustee to the file.

1551875 Ontario Inc. o/a Brosco Excavating (the “Company”) specialized in concrete levelling, concrete finishing, drainage and waterproofing. The Company struggled since 2019 when it changed its business model to drop its commercial customers and focus on residential. At the time a new project estimator was hired who misquoted several jobs, resulting in losses. There were many job delays at the ousted of the Covid-19 pandemic which...

Chisel AI Inc. filed an assignment on the 19th day of April, 2022, and MNP Ltd. was appointed as the Licensed Insolvency Trustee, subject to affirmation by the creditors at the first meeting of creditors.

CLL Capital Corp., 3MK Energy Services Inc., and Last Chance Trucking Ltd. (the “Companies”) filed a Notice of Intention to Make a Proposal on April 21, 2022 and MNP Ltd. was appointed as Trustee of the Companies’ proposal proceedings. The Companies provided heavy equipment rentals, trucking services, general oilfield construction and temporary portable water storage tanks to companies in the oil and gas and forestry industries. ...

Tri-S Industries (the “Company”) manufactured, installed, and serviced custom gates and partitions for retail store fronts, building perimeter doors, internal doors and traffic openings. The Company was not been profitable for several years due to increased competition across the country. The Covid related lockdowns resulted in further sales decline and financial hardship as traditional customers had to shut their stores. Management...

Effective April 7, 2022, the Court of Queen’s Bench of Alberta appointed MNP Ltd. as Receiver of the current and future assets, undertakings and properties of Symphony Condominium Ltd. Publicly available information regarding the Receivership proceedings is available below.

MBLP was formed in 2017 under the Limited Partnership Act (Ontario) to acquire and develop land in the City of Ottawa. Canoe Bay Development Inc. ( CBI) is the General Partner of the partnership. The project has been approved by the City of Ottawa to be developed as an active seniors living project on 10.6 acre site across from Mooney’s Bay in central Ottawa. The site has been approved for a 6 floor seniors apartment and retire residence...

10643513 Canada Inc. filed an assignment in bankruptcy on April 21, 2022 and MNP Ltd. was named as Trustee to the file.

Canoe Bay Development Inc. (“CBI”) and Mooney’s Bay (Ottawa) Seniors Community Real Estate Limited Partnership (“MBLP”) filed Notice of Intentions to Make a Proposal on April 28, 2022 and MNP Ltd. consented to act as the Proposal Trustee having combined debt of approximately $27,327,064 million. Fiera FP Real Estate Financing Fund LP is owed approximately $15,211,842 and Computershare Trust Company of Canada is owed...

On May 18, 2022, Riverside Professional Corporation Inc., was placed into bankruptcy by the Court Appointed Receiver as Ordered by the Court on March 28, 2022. The bankruptcy of the Company became necessary in order to commence a claims process to manage the unsecured creditors including Canada Revenue Agency estimated to be $3.5 million, that will come due when the Trustee files the final corporate income returns and account for the capital gain...