CarCap Inc.

On December 14, 2011 the Ontario Superior Court of Justice (Commercial List) issued an order (the "Order") to appoint BDO Canada Limited as the Receiver of the Assets of CarCap Inc. and Car Equity Loans Corp (collectively "CarCap"). In addition, the Order has authorized the Receiver to market and sell such assets.

INTERESTED PARTIES ARE INVITED TO REGISTER to receive notice, by e-mail, when additional documents are posted to this web site. Copies of Orders, Reports and other pertinent information may be accessed via the sidebar links at any time. Updates, including all relevant orders issued by the Court, have been and will be posted as they become available and notice of the new posting will be sent, by e-mail, to all registered creditors.

BDO Canada Limited, in its capacity as Receiver of CarCap is inviting offers for the purchase of the going concern business and assets of CarCap.

Court Orders and Filings


Approval of Sale:

Extension of Offer Deadline:

Notice of Receivership:

Initial Application:

Sale Process


Pursuant to an Order of the Superior Court of Justice dated December 14, 2011 CarCap Inc. and Car Equity Loans Corp (collectively "CarCap") pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O 1990 c. C.43, as amended, inter alia appoints BDO Canada Limited, as receiver of the property, assets and undertaking of CarCap. BDO Canada Limited is inviting offers for the purchase of the going concern business and/or assets of CarCap.

CarCap was established in 1996 and provides automotive lease financing to consumers purchasing older, used vehicles which do not qualify for conventional financing. The operation prides itself on being an innovative, asset based lender catering to the needs of borrowers who are unable to fulfill their financing requirements through conventional lenders. CarCap’s lease portfolio presently contains more than 3,000 leases.

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Contact Us

123 Front St. West, Suite 1200
Toronto, Ontario, Canada
M5J 2M2

Tel: 416-865-0210
Fax: 416-865-0904

Partner: Blair Davidson x3112

Senior Manager: Gary Cerrato x6058

Senior Administrator: Steve Welker x3209

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Please send your inquiry to or by fax to 416-865-0904. Although we endeavor to respond to your enquiry within two business days, the volume of enquiries may impact our response time.

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