B & W Heat Treating Canada ULC

On September 27, 2019, by Order (the “Receivership Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”), A. Farber & Partners Inc. (“Farber”) was appointed as receiver (the “Receiver”), pursuant to section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended, without security, of all of the assets, undertakings and properties of B & W Heat Treating Canada ULC (the “Debtor“), effective September 30, 2019.

Status Updates

On September 27, 2019, the Court issued an Order (the “Approval and Vesting Order”) approving, among other things, a transaction for the purchase and sale between Hilco Industrial Canada, ULC and Farber of the undertaking, property and assets of the Debtor; and, the vesting in the Purchaser, the Debtor’s right, title and interest in and to the assets as described in the sale agreement dated September 25, 2019.

On March 31, 2020, the Debtor filed an Assignment in Bankruptcy and Farber was also appointed as Bankruptcy Trustee. A copy of the bankruptcy creditors package is posted below.

The Trustee applied to Court for an extension of the 90-day period under the Commercial Tenancies Act for the Trustee to elect to retain or disclaim the lease.  The Endorsement of Justice McEwan released June 18, 2020 extended the election period an additional 3 months after June 29, 2020.  The Trustee and its agents, including CBRE, have access to the premises for the purpose of marketing the premises to potential assignees of the Lease.

On November 9, 2020, the Court issued an Order approving, amongst other things: the activities of both the Trustee and Receiver, as outlined in the below attached Joint First Report of the Receiver and Second Report of the Trustee, dated November 3, 2020; the accounts and fees of both the Trustee, Receiver and its legal counsel; and, that both the Trustee and Receiver shall proceed for its Discharge.

Creditor or Employee Enquiries

For creditor or employee enquiries, please contact:
Geanina Schmidt
T: 416.496.3753
E: gschmidt@farbergroup.com

The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future. 


Bankruptcy Documents

Court Endorsements & Orders

Motion Materials

Trustee Reports

Service List