Talhin/T Corporation (“Talhin”) was a supplier of plastic injection molding products to OEMs and other customers in the automotive industry. It operated from two leased facilities in Oldcastle, Ontario.
Due to competitive pressures and continuing losses, Talhin commenced proceedings under the proposal provisions of the Bankruptcy and Insolvency Act. Talhin’s secured creditor subsequently sought our appointment by the Court as receiver and manager. As Proposal Trustee and Receiver we oversaw Talhin’s operations and assisted customers to transition their business to new suppliers pursuant to accommodation agreements entered into with those customers. Continuation of the business during the proceedings also enhanced recoveries on Talhin’s accounts receivable and inventory.