Solvaqua Inc.

Solvaqua Inc., a Calgary, Alberta-based company which provided proprietary wastewater management solutions based on nanopolymerization technology that allows isolated areas to reuse water, was placed in receivership on August 19, on application by Arnaki Ltd., owed approximately USD$6 million. Solvaqua’s business plan was to implement the technology in foreign jurisdictions. Its contracts with overseas buyers were insured by Export Development Canada (“EDC”). The amount owing represents the debt outstanding following EDC's payout of $1,386,000 on an insurance claim filed by the company after a buyer failed to complete the purchase of certain of the company's equipment, with the insurance proceeds having been assigned to Arnaki. MNP was appointed receiver. Counsel is Chitiz Pathak for Arnaki By Dina Milivojevic

1947755 Ontario Ltd.

1947755 Ontario Ltd., the owner of real property located at 142 King Street East, Bolton, Ontario, filed an assignment in bankruptcy on May 30, listing approximately $1.9 million in liabilities. The current shareholder purchased shares of the company in 2018 and became the sole director. In 2019, it is alleged the former director, without notice, obtained and registered a mortgage on title to the company’s property. The company became embroiled in various lawsuits, which resulted in its inability to pay its debts as they became due. Management determined it was unable to continue the company’s operations. BDO is the bankruptcy trustee. Counsel is WeirFoulds for the trustee and DH Professional Corporation for the company. By Dina Milivojevic

10412490 Canada Corp. and 10525243 Canada Corp.

10412490 Canada Corp. and 10525243 Canada Corp., the registered owners of two properties in Toronto, Ontario which are being developed into six townhomes and a single family detached home, were placed in receivership on May 24, on application by C&K Mortgage Services Inc. and Canadian Western Trust Company, owed approximately $6.5 million. Rosen Goldberg was appointed receiver. Counsel is Dickinson Wright for the applicants. By Dina Milivojevic

Bryers Contracting Ltd. and Bryers Telecom Ltd.

Bryers Contracting Ltd. and Bryers Telecom Ltd., Edmonton, Alberta-based companies, were placed into bankruptcy on May 24, on application by RBC, and with the consent of the companies. Bryers Contracting supplied and installed exterior cladding for commercial properties along with general contracting services, while Bryers Telecom provided trenching, hydrovac and direction drilling services in relation to the installation of telecom utilities. The total debt owing to RBC is approximately $1.8 million. EY is the bankruptcy trustee. McMillan is counsel for RBC. By Dina Milivojevic

The Roman Catholic Episcopal Corporation of St. John’s

The Roman Catholic Episcopal Corporation of St. John's, the legal entity of the Archdiocese of St. John’s, Newfoundland, had its NOI proceedings continued under the CCAA on May 17. The limitations of the NOI proceedings, specifically the timeline limits for filing a proposal, made it necessary to initiate the CCAA proceedings to avoid disrupting, among other things, the sale process approved as part of the NOI proceedings, various other realization and recovery efforts, and the finalization of a settlement agreement with respect to the St. Kevin’s Parish Investment Funds. EY was appointed monitor. Counsel is McInnes Cooper for the Corporation; Gowlings and Budden & Associates as Representative Counsel for the Claimants, Stewart McKelvey for EY as monitor; and Cox & Palmer for the Government of Newfoundland and Labrador. By Dina Milivojevic

2513036 Ontario Ltd.

2513036 Ontario Ltd., which operated as a Sport Clips franchise from a leased location in Ajax, Ontario, was deemed bankrupt on May 5, listing approximately $204,000 in liabilities. The Company previously filed an NOI on April 25, but failed to file the projected cash flows within the 10-day period and was deemed bankrupt. BDO is the bankruptcy trustee and previously acted as the proposal trustee. By Dina Milivojevic

CLL Capital Corp., 3MK Energy Services Inc., and Last Chance Trucking Ltd.

CLL Capital Corp., 3MK Energy Services Inc., and Last Chance Trucking Ltd., Drayton Valley, Alberta-based companies which provided heavy equipment rentals, trucking services, general oilfield construction and temporary portable water storage tanks to companies in the oil and gas and forestry industries, each filed an NOI on April 21. In February, CWB, the companies' senior secured creditor, advised the companies that it wished to exit the lending relationship with the companies. The companies assessed their financial circumstances and determined that an orderly wind-down of their operations would be the best alternative for repaying the indebtedness to CWB. MNP is the proposal trustee. Counsel is DLA Piper for the companies. By Dina Milivojevic

1982844 Alberta Ltd.

1982844 Alberta Ltd., which operated as an overhead door company within central Alberta, filed an assignment in bankruptcy on April 7, listing assets of approximately $1.4 million and liabilities of approximately $1.65 million, including $1.4 million to TD Bank. As a small, family-owned business, the company was affected by the COVID-19 pandemic, and was unable to obtain the sales volumes required to generate sustainable cash flow. In late January, the company (under its previous legal name of On Demand Holdings Ltd.) sold its business an entity related to Wolfe Creek Building Supplies Ltd. The APA excluded, among other things, the purchase of real property owned by the company and the assumption of certain debt owning to TD Bank and CRA. The sale proceeds were paid to TD Bank. Grant Thornton is the bankruptcy trustee. By Dina Milivojevic

10542113 Canada Inc. & Flora I Ltd.

10542113 Canada Inc. & Flora I Ltd., Montreal, Quebec-based development companies, had a receiver appointed on March 30, on application by Romspen Investment Corporation, owed $21,682,685.87 as at December 31. Another purported creditor, 9186-9297 Québec Inc. (“Upbrella”), had brought a competing CCAA application, which Romspen opposed on the basis that the companies were single purpose real estate entities and the proposed CCAA proceedings amounted to no more than a liquidating CCAA. MNP was appointed as receiver. Counsel is Fishman Flanz for Romspen. By Dina Milivojevic

Sunwave Gas & Power Inc.

Sunwave Gas & Power Inc., a North York, Ontario-based provider of energy commodity products and services, filed an assignment in bankruptcy on February 23, listing approximately $13.2 million in liabilities, including approximately $12 million to ONEnergy Inc., its publicly-traded parent company. In 2015, the Ontario provincial government placed restrictions on door-to-door sales of utility related products and services. This negatively impacted the company’s ability to market its products. After suffering losses since the third quarter of 2017 due to volatility in wholesale energy prices, significant working capital commitment and weather issues, the company formally began marketing itself for sale. The US based division was sold to C Wave Inc. (“C Wave”) in 2019 for US$3.6 million plus working capital. On closing, the working capital was negative US$4.3 million resulting in a payable to C Wave for approximately US$700,000. Demand was made by C Wave for payment of this debt in February 2021 and again 2022. The company was without funds to pay the debt to C Wave. Farber is the bankruptcy trustee. By Dina Milivojevic