Brampton, May 12, 2026 – On May 12, 2026, Lion Force Transport Inc. ("Lion Force" or the “Company”) filed a Notice of Intention to Make a Proposal (the “NOI”) pursuant to section 50.4(1) of the Bankruptcy and Insolvency Act. A Certificate of Filing of a Notice of Intention to Make a Proposal was issued by the Office of the Superintendent of Bankruptcy Canada (the “OSB”) and TDB Restructuring Limited was appointed as trustee in the proposal.
On May 15, 2026, the Ontario Superior Court of Justice (the “Court”) issued an order appointing a receiver (the “Receivership Order”) over the Company. The Receivership Order stayed all proceedings in connection with the Company, including the NOI proceedings.
On September 29, 2026, the Court issued an order lifting the stay of proceedings in respect of Lion Force, as imposed pursuant to paragraphs 10 and 11 of the Receivership Order, solely for the purpose of permitting the NOI proceedings to continue in respect of Lion Force.
On October 7, 2026, the Company failed to file a proposal to its creditors and pursuant to section 50.4(8) of the BIA, the Company was deemed to have made an assignment in bankruptcy. A Certificate of Assignment was issued by the OSB and TDB Restructuring Limited was appointed as trustee in bankruptcy.
Copies of the bankruptcy documents are available below. Other pertinent information will be posted below as it becomes available.
