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Engagements

2699380 Ontario Inc., Atlantic Development Group Ltd. and 2721259 Ontario Inc.

On August 22, 2024, by the Order of Justice W.D. Black (the “Receivership Order“) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA“) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the “CJA“), GlassRatner Inc. was appointed as Receiver (the “Receiver“) without security, of all the assets, undertakings and properties of 2699380 Ontario Inc., Atlantic Development Group Ltd. and 2721259 Ontario Inc. (collectively, the “Debtors“) acquired for, or used in relation to a business carried on by the Debtors, including all proceeds thereof (the “Property“).

A copy of the Receivership Order can be found below.

Inquiries

For inquiries, please contact:

Geanina Schmidt
Corporate Insolvency Administrator | Restructuring
T: 437.294.4620
E: gschmidt@glassratner.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.

Documents

Application Documents

• Application Record (returnable August 22, 2024) – July 19, 2024

• Motion Record of the Receiver – July 21, 2026

Court Orders & Endorsements

• Order of Justice W.D. Black (Receivership Order) – August 22, 2024

• Endorsement of Justice W.D. Black – August 22, 2024

• Order of Justice W.D. Black (Approval & Vesting Order) – July 29, 2026

• Order of Justice W.D. Black (Ancillary Relief & Discharge Order) – July 29, 2026

• Endorsement of Justice W.D. Black – July 29, 2026

Court Reports

• First Report of the Receiver – July 21, 2026

• Supplemental Report to the First Report of the Receiver – July 28, 2026

Service List

• Service List – April 16, 2026

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Contacts

Hylton Levy

CPA, CA, CIRP, LIT
Senior Managing Director Restructuring
  • 437.294.4624
  • 416.543.1207
  • hlevy@glassratner.com

Richard Williams

CPA, CIRP, LIT
Managing Director Restructuring
  • 437.294.4672
  • 905.904.7400
  • rwilliams@glassratner.com
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Copyright © 2026 GlassRatner Advisory & Capital Group LLC. All Rights Reserved. GlassRatner employs CPAs but is not a licensed CPA firm.

The firm is not authorized to practice law or provide legal services.