Chisel AI Inc.
Filing: 19/04/2022
Corporate Engagement Type: Bankruptcy
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.
Canoe Bay Development Inc (CBI)
Filing: 28/04/2022
Corporate Engagement Type: Proposal
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...
1551875 Ontario Inc.
Brosco Excavating
Filing: 26/04/2022
Archive: 03/03/2025
Corporate Engagement Type: Bankruptcy
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...
10643513 Canada Inc.
Esports Central
Filing: 21/04/2022
Corporate Engagement Type: Bankruptcy
10643513 Canada Inc. filed an assignment in bankruptcy on April 21, 2022 and MNP Ltd. was named as Trustee to the file.
Effenco Development Inc.
Filing: 06/04/2022
Corporate Engagement Type: Bankruptcy
Effenco Development Inc. filed an assignment in bankruptcy on April 6, 2022 and MNP Ltd. was named as Trustee to the file.
CLL Capital Corp. et al.
Filing: 21/04/2022
Corporate Engagement Type: Proposal
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. ...
9971777 Canada Inc
Fusion Yunnan Inc
Filing: 14/04/2022
Corporate Engagement Type: Bankruptcy
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.
9261-5319 Québec Inc.
Quartier Victoria
Filing: 12/04/2022
Corporate Engagement Type: Proposal
9261-5319 Québec Inc. (Quartier Victoria) filed a Notice of Intention to File a Proposal on April 12, 2022 and MNP Ltd. has consented to act as Trustee under the proposal.
Tri-S Industries Ltd.
Filing: 20/04/2022
Archive: 30/09/2024
Corporate Engagement Type: Bankruptcy
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...
Intelife LP
Intelife LP, Intelife GP Ltd., Intelife Finance Corporation (IFC), Intelife Security and Automation Ltd. (ISA)
Filing: 19/01/2021
Corporate Engagement Type: Receivership
MNP Ltd. was appointed as Receiver of Intelife LP and Intelife GP Ltd. by way of a Court of Queen’s Bench of Alberta Order dated January 19, 2021. ILP is an investment company headquartered in Edmonton, Alberta which purchases security contracts (the “Security Contracts”) sourced by its wholly subsidiaries, Intelife Security & Automation Ltd. (“ISA”) and Intelife Finance Corporation (“IFC”).
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