October 1, 2021
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.