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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.
Atlas Cloud Mining Inc.
Filing: 21/10/2024
Corporate Engagement Type: Bankruptcy
On October 17, 2024, Atlas Cloud Mining Inc. filed an assignment in bankruptcy, which was accepted by the Office of the Superintendent of Bankruptcy and became effective on October 21, 2024. MNP Ltd. was appointed as the Licensed Insolvency Trustee of the bankrupt estate by the creditors at the First Meeting of Creditors.
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.
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.
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...
Mizrahi Development Group (1451 Wellington) Inc.
Filing: 15/10/2024
Corporate Engagement Type: CCAA Filing
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.
Clairvoyant Therapeutics Inc.
Filing: 31/10/2024
Corporate Engagement Type: Bankruptcy
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.
Niagara Falls Craft Distillers Ltd.
Filing: 11/10/2024
Corporate Engagement Type: Bankruptcy
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,...
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