J&R Transport Inc., Receivership

J&R Transport Inc., an Ontario-based trucking company, was placed in receivership on December 3 on application by RBC, owed over $7 million.

The company has defaulted on its loan from RBC, including by failing to make the monthly scheduled payments under the credit agreement and failing to pay down the loan following demand by RBC.

msi Spergel is the receiver.

Counsel is Aird & Berlis for RBC, BLG for the receiver and Ruderman Shaw for Toyota Canada.