April 17, 2020
JMX Group, an Uxbridge, Ontario-based company in the business of environmental contracting, demolition, abatement, remediation, and commodity salvage services to construction projects across Canada, filed an NOI on April 17. A week earlier, RBC, the Group's primary secured creditor owed approximately $3.1 million, issued a notice of intention to enforce security, alleging that the company had defaulted on its debt service coverage ratio. Despite requests from the Group for additional time, RBC did not extend the notice period to permit the Group to negotiate a satisfactory forbearance agreement. The Group therefore filed for creditor protection to effect a financial and balance sheet restructuring and to deal with RBC in an orderly manner. The Group's primary assets are the real property on which the Group's business are situated. Crowe Soberman is the proposal trustee. Weisz Fell Kour is counsel to the Group.