On October 17, 2024, Ashcroft Homes – 108 Richmond Road Inc. (“ 108 Richmond ”) was placed into Receivership on application of the Royal Bank of Canada, owed approximately $7.5 million. 108 Richmond owned several properties along Richmond Road in central Ottawa. A portion of the properties were placed into receivership by Duca Financial Services Credit Union Ltd. on May 16, 2024, excluding 114 Richmond Road, which is primarily...

9446-4856 Québec Inc. filed an assignment in bankruptcy on October 24, 2024 and MNP Ltd. was named as Trustee to the file.

On October 31, 2024 MNP Ltd. was appointed receiver of all the assets, undertakings and properties of 14113268 Canada Inc. oa AVP Greenhouses (the “Debtor”) acquired for, or used in relation to a business carried on by the Debtor and the real property located at 3273 Mountain Road, Beamsville Ontario.

In order to receive a Dividend, you need to fill out a Proof of Claim. You can click here to see how to fill it out. Also, make sure you send along with you Proof of Claim, a Statement of Account AND/OR the invoice that remains unpaid. You must send your proof of claim by: Email: Fax: or Mail:

More often than not, it will be possible to calculate the estimated Dividend, once the Trustee receives the Proof of Claims from the creditors. But it is not uncommon that based on the amounts owed to secured creditors/crown, no Dividend will be paid to the unsecured creditors. If you have a specific entity that you need to inquire about, please click here to access our public files.

It could be for various reasons ranging from a simple data entry error because your invoice was not processed on time. In any case, please click here to access our public files and contact the appropriate person so they can add you to the distribution list and send you any relevant information.

The Proposal is a formal agreement that the insolvent person presents to its creditors on how it intends to repay the amounts owing at the time of the initial filing of the NOI/Proposal. There are no restrictions on what the Proposal can include or its time limit. Proposal can include the settlement of the debts through a lump sum payment, payments over time or even the issuance of shares.

It could be for various reasons ranging from a simple data entry error or because your invoice was not processed on time. In any case, please click here to access our public files and contact the appropriate person so they can add you to the distribution list and send you any relevant information.

Each Proposal is different and terms can vary greatly. If you have a specific entity that you need to inquire about, please click here to access our public files. The Trustees Report on the Proposal will indicate the estimated amounts to be paid, based on the records of the company.