Western Oilfield Equipment Rentals Ltd.

Western Oilfield Equipment Rentals Ltd., an industrial vacuum equipment supplier in Leduc, Alberta, was placed in receivership on November 3 on application by HSBC. The company committed various defaults under the facility letter with HSBC, and the forbearance period granted by HSBC has now expired. The company intends to wind down its business and consented to the receivership. EY was appointed receiver. Counsel is Faskens for HSBC.

1725859 Ontario Inc., 1941275 Ontario Ltd., and 1941276 Ontario Inc.

1725859 Ontario Inc., 1941275 Ontario Ltd., and 1941276 Ontario Inc., which own a condominium unit in Toronto, a residential property in Brampton and a commercial property in Brampton, respectively, had a receiver appointed on November 1, on application by DUCA Financial Services Credit Union Ltd. DUCA brought the receivership application as a result of various defaults in the companies' obligations to DUCA, including that the companies have granted subsequent charges over the properties without the knowledge or consent of DUCA, and another creditor has commenced enforcement proceedings in relation to one of the properties. Spergel (GRIP) was appointed receiver. Counsel is Harrison Pensa for the applicant and Aird & Berlis for the receiver.

6106234 Manitoba Ltd. (o/a The Pas Home Hardware)

6106234 Manitoba Ltd. (o/a The Pas Home Hardware), a hardware store located in The Pas, Manitoba, was placed in receivership on October 29 on application by RBC, owed approximately $1.2 million. RBC has been providing credit to the company since 2013. In 2020, the company began experiencing financial difficulties and defaulted on its obligations to RBC. The parties entered into a forbearance agreement that was subsequently extended on two occasions, such that the agreement expired on August 31, 2021. In September, the company advised RBC that it was unwilling to enter into a further extension. In early October, the company ceased all business operations and closed the doors to the store. Deloitte was appointed receiver. Counsel is Taylor McCaffrey for RBC.

Trident Processes Inc.

Trident Processes Inc., an Abbotsford, BC-based provider of sludge treatment, resource recovery and wastewater treatment solutions, had a receiver appointed on October 28, on application by Export Development Canada, owed US$2.6 million. Trident has two subsidiaries in the US and has active operations in both Canada and the US. Pursuant to a forbearance agreement entered into on March 11, 2021, EDC agreed to forbear from enforcing its debt until May 14, 2021. During the forbearance period, an independent business review was conducted and identified potential improper payments being made to the company’s shareholders. Since the forbearance agreement expired in May 2021, Trident has not made any payment, reporting or other communications to EDC. In September 2021, the lawyer who maintains Trident's corporate records indicated that one of Trident's subsidiaries in the US was sold. PwC was appointed receiver. Counsel is Gowling (WLG) for EDC and Nathanson, Schachter & Thompson LLP for the receiver.

Axess Pickering Ltd.

Axess Pickering Ltd., the owner of real property located at 1525 Pickering Parkway in Pickering, Ontario (the "Property"), had a receiver appointed over all of its assets on October 12, on application by C & K Mortgage Services Inc. (carrying on business as Rescom) and 975393 Ontario Inc., the company's senior secured creditors. The Property is a vacant 1.273 acre parcel which is being developed for construction of 336 units, in two residential condominium towers and approximately 26,000 square feet of office/restaurant space. On September 1, there was a default in the payment of interest under the charge on the Property, and no payments have been received since that date. Alvarez & Marsal was appointed receiver. Counsel is Dickinson Wright for the applicants.

Mahal Venture Capital Inc. (“Mahal”) and Golden Miles Food Corporation (“Golden Miles”)

Mahal Venture Capital Inc. ("Mahal") and Golden Miles Food Corporation ("Golden Miles"), Brantford, Ontario-based companies, had a receiver appointed over their assets owned or used in connection with a flour mill located on 155 Adams Blvd., Brantford, Ontario (the “Real Property”). The application was brought by Skymark Finance Corporation, owed approximately $29 million. Mahal is the registered owner of the Real Property and, once completed, Golden Miles was to operate the flour mill located at the Real Property. KSV was appointed receiver. Counsel is Chaitons for Skymark Finance Corporation, Kirwin Partners for the companies and Blakes for the receiver.

6317081 Canada Inc. o/a Glebe Reggio Centre and Sunnyside Footsteps Parent Centre

6317081 Canada Inc. o/a Glebe Reggio Centre and Sunnyside Footsteps Parent Centre, an Ottawa, Ontario-based daycare operation, was placed into bankruptcy by MNP, its court-appointed receiver, on October 1. The daycare operation ceased as a result of COVID-19 lockdown measures and did not resume operation. BNS, the company's senior creditor, previously sought to appoint the receiver to realize on the secured mortgage indebtedness. Surplus proceeds were generated from the sale, resulting in the company being able to provide a distribution to unsecured creditors. Accordingly, the purpose of the bankruptcy proceedings is to administer a claims process for unsecured creditors. MNP is the bankruptcy trustee.

Trinity Centres Cambridge

Trinity Centres Cambridge, a single-purpose organization formed to acquire and manage real property located at 15 Wellington Street in Cambridge, Ontario, had a receiver appointed over its property on September 21, on application by Coldpoint Holdings Ltd., owed approximately $1.8 million. The company is jointly controlled by River City Christian Reformed Church, which is the primary tenant of the real property, and Trinity Centres Foundation. Deloitte was appointed receiver. Counsel is TGF for Coldpoint, Weintraub Erskine Huang for River City Christian Reformed Church, Aird & Berlis for Graham Singh and Trinity Centres Foundation, Teplitsky Colson for Peter Elgersma and Crawley McEwan Brush for the company.

10000050 Manitoba Ltd.

10000050 Manitoba Ltd., the owner of a Bombardier Challenger 604 (the "Aircraft"), had a receiver appointed over the Aircraft on September 16 on application by PNC Equipment Finance, a Division of PNC Bank Canada Branch ("PNC"). To finance the acquisition of the Aircraft, the company borrowed US$3.36 million pursuant to an Aircraft Loan Agreement which was secured by the Aircraft. The company has been in continuous default under the Aircraft Loan Agreement since June 1, 2021, including because of the commencement of proposal proceedings by the company's sole shareholder, Sean McCoshen. As of July 9, the outstanding indebtedness under the Aircraft Loan Agreement was approximately US$3.05 million. Immediately following the granting of the Receivership Order, an Approval and Vesting Order was issued approving the sale of the Aircraft to Sunwest Aviation Ltd. Farber was appointed receiver. Counsel is Blakes for PNC and MLT Aikins for the receiver.

5689482 Manitoba Ltd. & 5480082 Manitoba Ltd. (o.a Fun Mountain)

5689482 Manitoba Ltd. & 5480082 Manitoba Ltd. (o.a Fun Mountain), which operated as a Winnipeg, Manitoba-based water slide park, had a receiver appointed over its assets on September 9 on application by BDC, owed approximately $850,000. The assets of the companies include the real property on which the waterpark is located. Grant Thornton was appointed receiver. Counsel is Fillmore Riley for BDC and Taylor McCaffrey for the receiver.