Corporate Engagements

MBLP was formed in 2017 under the Limited Partnership Act (Ontario) to acquire and develop land in the City of Ottawa. Canoe Bay Development Inc. ( CBI) is the General Partner of the partnership. The project has been approved by the City of Ottawa to be developed as an active seniors living project on 10.6 acre site across from Mooney’s Bay in central Ottawa. The site has been approved for a 6 floor seniors apartment and retire residence...

10643513 Canada Inc. filed an assignment in bankruptcy on April 21, 2022 and MNP Ltd. was named as Trustee to the file.

Canoe Bay Development Inc. (“CBI”) and Mooney’s Bay (Ottawa) Seniors Community Real Estate Limited Partnership (“MBLP”) filed Notice of Intentions to Make a Proposal on April 28, 2022 and MNP Ltd. consented to act as the Proposal Trustee having combined debt of approximately $27,327,064 million. Fiera FP Real Estate Financing Fund LP is owed approximately $15,211,842 and Computershare Trust Company of Canada is owed...

On May 18, 2022, Riverside Professional Corporation Inc., was placed into bankruptcy by the Court Appointed Receiver as Ordered by the Court on March 28, 2022. The bankruptcy of the Company became necessary in order to commence a claims process to manage the unsecured creditors including Canada Revenue Agency estimated to be $3.5 million, that will come due when the Trustee files the final corporate income returns and account for the capital gain...

On May 20, 2022, Home Solutions Corporation filed an Assignment in Bankruptcy and MNP Ltd. was appointed as Trustee of the Bankrupt Estate. Publicly available documents in these proceedings will be posted below:

Inspire Fundraising Solutions Inc. filed an assignment on the 2nd day of May, 2022, and MNP Ltd. was appointed as Licensed Insolvency Trustee, subject to affirmation by the creditors at the first meeting of creditors.

The Bowra Group Inc. was appointed Receiver (the “Receiver”) of 608772 Alberta Ltd. operating as Birchwood Auto Body (“Birchwood”) and 1943969 Alberta Ltd. (collectively the “Companies”) on May 3, 2022 pursuant to an Order granted by the Court of King’s Bench of Alberta.

PIKA Technologies Inc. is an original equipment manufacturer (OEM) of telephony enabling technology for VARs and telephony application developers of communication applications. The company designs and manufactures software development toolkits for application development of cloud and premise-based environments. As a result of declining sales, Pika filed an assignment in bankruptcy on May 31, 2022. The staff and management team ceased operating...

CNS Iron Fabrication Ltd. (“CNS”) carried on business as i) a manufacturer of custom fabricated and pre-cast metal forms and automotive components, ii) a wholesaler of pre-fabricated and pre-assembled parts and comments used in the forming and shoring industries, and iii) doing repair and reconditioning of products used in formwork panels, shoring and material handling equipment. At a motion brought on May 13, 2022 by the Royal Bank of...

9109-4631 Québec Inc. filed an assignment in bankruptcy on May 13, 2022 and MNP Ltd. was named as Trustee to the file.