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.

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...

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...

Clairvoyant Therapeutics Inc. (the “Company”) operated as a clinical stage biotechnology company specializing in psychedelic therapy to treat alcohol use disorders, and was located in Vancouver, BC. The Company made a voluntary assignment in bankruptcy effective October 31, 2024, and MNP Ltd. was appointed as Licensed Insolvency Trustee (“Trustee”) of the bankrupt estate.

On October 15, 2024, Mizrahi Development Group (1451 Wellington) Inc. sought and obtained from the Ontario Superior Court of Justice an Order under the Companies' Creditors Arrangement Act ("CCAA"). Pursuant to the Initial Order, MNP Ltd. was appointed as CCAA monitor.

On October 5, 2024, Niagara Falls Craft Distillers Ltd. was deemed to have filed an assignment in bankruptcy by virtue of not having filed a Division I proposal within the extension period granted by the Court. MNP Ltd. was appointed as the Licensed Insolvency Trustee (the “Trustee”) of the bankrupt estate subject to affirmation by the creditors at the First Meeting of Creditors (the “FMOC”). The FMOC was held on October 22,...

1199704 B.C. Ltd. (the “Company”) was a mobile social media application company that operated from premises located in Vancouver, BC. The Company made a voluntary assignment in bankruptcy effective October 18, 2024, and MNP Ltd. was appointed as Licensed Insolvency Trustee (“Trustee”) of the bankrupt estate.

On October 11, 2024, AG Everest Mortgages Inc. filed an Assignment in Bankruptcy with the Official Receiver and MNP Ltd. was appointed as the Licensed Insolvency Trust ("LIT") on the same day. The First Meeting of Creditors will be held by Microsoft Teams on October 31, 2024 at 11am EST.

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...