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Lotus Ventures Inc.
Filing: 27/08/2024
Corporate Engagement Type: Bankruptcy
Pursuant to an Approval and Reverse Vesting Order granted on June 14, 2024 by the Supreme Court of British Columbia, MNP Ltd. in its capacity as trustee of the proposal of Lotus Ventures Inc. (the “Proposal Trustee”) assigned Lotus Cannabis Alberta Incorporated into bankruptcy on August 28, 2024 and MNP Ltd. was appointed as Licensed Insolvency Trustee (the “Bankruptcy Trustee”) of the bankrupt estate. Publicly available documents...
Newgrind Inc.
Filing: 09/09/2024
Corporate Engagement Type: Bankruptcy
Newgrind Inc. (the “Company”) was a manufacturer of floor grinding equipment that operated from premises located in Langley, BC. The Company was assigned into bankruptcy effective September 9, 2024.
The Valley Fire Side Shop Inc.
Filing: 24/09/2024
Corporate Engagement Type: Bankruptcy
On the 24th day of September, 2024, The Valley Fire Side Shop Inc. filed an assignment in bankruptcy and MNP Ltd. was appointed as the Licensed Insolvency Trustee of the bankrupt estate.
T Plus Studio Inc.
Filing: 31/10/2024
Corporate Engagement Type: Bankruptcy
On October 30, 2024, T Plus Studio Inc. filed an assignment in bankruptcy, which was accepted by the Office of the Superintendent of Bankruptcy and became effective on October 31, 2024. MNP Ltd. was appointed as the Licensed Insolvency Trustee of the bankrupt estate subject to affirmation by the creditors at the First Meeting of Creditors (the “FMOC”). The FMOC will be held on November 19, 2024, at 11:00 AM (Toronto time). ...
Interactive Vacation Rentals Inc
Filing: 23/10/2024
Corporate Engagement Type: Bankruptcy
On October 23, 20242 the Ontario Superior Court of Justice issued an order adjudging Interactive Vacation Rentals Inc. bankrupt. MNP Ltd. was appointed trustee.
1375871 B.C. Ltd.
Filing: 07/10/2024
Corporate Engagement Type: Bankruptcy
1375871 B.C. Ltd. (the “Company”) was a cafe restaurant that operated from premises located in Richmond, BC. The Company made a voluntary assignment in bankruptcy effective October 7, 2024, and MNP Ltd. was appointed as Licensed Insolvency Trustee (“Trustee”) of the bankrupt estate.
Duca Trans Inc.
Filing: 10/10/2024
Corporate Engagement Type: Receivership
On the 10th day of October, 2024, MNP Ltd. became the Receiver in respect of all assets, property and undertakings of Duca Trans Inc. by virtue of being appointed by Royal Bank of Canada pursuant to various security agreements.
1853456 Alberta Ltd.
Filing: 10/10/2024
Corporate Engagement Type: Bankruptcy
1853456 Alberta Ltd. (“185”) was assigned into bankruptcy on October 10, 2024 and MNP Ltd. was appointed as Licensed Insolvency Trustee. 185 operated a restaurant in Jasper, Alberta.
ARHT Media Inc.
Filing: 03/10/2024
Corporate Engagement Type: Bankruptcy
On October 3, 2024, ARHT Media Inc. filed an assignment in bankruptcy, which was accepted by the Office of the Superintendent of Bankruptcy and became effective on the same day. MNP Ltd. was appointed as the Licensed Insolvency Trustee of the bankrupt estate subject to affirmation by the creditors at the First Meeting of Creditors (the “ FMOC ”). The FMOC will be held on October 22, 2024, at 10:00 AM (Toronto time). Meeting...
Ashcroft Homes - Eastboro Inc.
Filing: 17/10/2024
Corporate Engagement Type: Receivership
On October 17, 2024, Ashcroft Homes – Eastboro Inc. (“ Eastboro ”) was placed into Receivership on application of the Royal Bank of Canada, owed approximately $80 million. Eastboro is a housing development project approved to construct approximately 2,000 homes in subdivision located in Ottawa East. Phase 2 of the project, approved for 980 homes has fully serviced lots however, the City of Ottawa was not prepared to allow Eastboro...