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Quinsam Coal Corporation
Filing: 20/09/2019
Corporate Engagement Type: Receivership
Quinsam Coal Corporation (the “Company”) operates the Quinsam coal mine located in Campbell River, B.C. The Company has operated the Quinsam coal mine since 1988. In 2016 the Quinsam coal mine was put into care and maintenance due to weak market demand for thermal coal. In 2017 the Company was acquired by new ownership and operations restarted at the mine. After restarting operations, the Company experienced operational issues...
Rial Électrique Inc.
Filing: 11/09/2019
Corporate Engagement Type: Bankruptcy
Rial Électrique Inc. filed a Notice of Intention to Make a Proposal on August 15, 2019 and filed an assignment in bankruptcy on Sept. 11, 2019. MNP Ltd. was named as Trustee to the file.
Waterflood Production Systems Ltd.
Filing: 12/09/2019
Corporate Engagement Type: Proposal
Waterflood Production Systems Ltd. filed a Notice of Intention to Make a Proposal on September 12, 2019, and MNP LTD has consented to act as Trustee under the proposal.
1010217 Ontario Limited
Rideau Bakery Limited
Filing: 31/10/2019
Corporate Engagement Type: Bankruptcy
The directors of the company sold the operating name and recipes to a local grocery chain and elected to retire. There were no succession plans for the operations and no individual was prepared to assume the ongoing operations. The majority creditor was a related party who owned the rented premises.
Del Equipment Inc.
Filing: 22/10/2019
Corporate Engagement Type: CCAA Filing
On October 22, 2019, Del Equipment Inc. sought and obtained from the Ontario Superior Court of Justice (Commercial List) an order (the "Initial Order") under the Companies' Creditors Arrangement Act ("CCAA") on October 22, 2019. Pursuant to the Initial Order, MNP Ltd. has been appointed as CCAA monitor. For further information in relation to the Limited Receivership, click here . For further information in relation to the Bankruptcy, click...
Kakkar Real Estate Holdings Ltd.
Filing: 23/10/2019
Corporate Engagement Type: Receivership
MNP Ltd. was appointed received of Kakkar Real Estate Holdings Ltd. ("Kakkar") by way of a Court of Queen's Bench of Alberta Order dated October 23, 2019. Kakkar operated a 67 room hotel in Edson, Alberta and held real estate assets in Edmonton, Alberta.
Manray Glass and Aluminum Inc. and 1948387 Ontario LTD.
Filing: 01/10/2019
Corporate Engagement Type: Receivership
The company was placed into receivership on application by the Royal Bank of Canada. The company operates in construction renovation business and the relationship with the secured creditor diminished because of issues surrounding the collection of accounts receivable and completion of various construction contracts.
SIU MUI “DEBBIE” WONG, SIU KON “BONNIE” SOO, ORIGIN BUSINESS PARK INC.
FORMERLY KNOWN AS WHEATLAND INDUSTRIAL PARK INC., 1300302 ALBERTA INC., D&E ARCTIC INVESTMENTS INC.
Filing: 03/10/2019
Corporate Engagement Type: Receivership
MNP Ltd. was appointed as the receiver of certain of the assets, undertakings and property of the Debtors (the "Receiver") pursuant to an order granted by the Honourable Justice Groves of the Supreme Court of British Columbia on October 3, 2019 (the "Receivership Order"). Relevant information regarding these proceedings is available below.
Beckerland Farms Inc.
Filing: 05/07/2019
Corporate Engagement Type: Bankruptcy
On July 5, 2019, MNP Ltd. was appointed Interim Receiver pursuant to section 47(1) of the Bankruptcy and Insolvency Act, RSC 1985 without security, of all the assets, undertakings and properties of the Debtor, including all proceeds thereof. On July 11, 2019, MNP Ltd. was also appointed as Receiver pursuant to section 243 (1) of the Bankruptcy and Insolvency Act. On November 12, 2019, MNP Ltd. was appointed as Trustee of the Bankrupt Estate. ...