Corporate Engagements

As a result of the restrictions place on restaurants due to COVID-19 and the sister location which operated in the Ottawa downtown core, 997177 Canada Inc. O/A Fusion Yunnan Inc., ceased operations in 2021 with no plans to resume operations. The assets of the company were sold and used to satisfy the majority of the creditors including federal financial assistance provided to businesses during COVID restrictions.

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...

On April 20th, 2022, MNP Ltd. became receiver of the property of Space Health Systems Inc.

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.

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

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...