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Steelrite

Discussion in 'Good & Bad Shippers/Recievers' started by whatiship, Dec 16, 2014.

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  1. Economized

    Economized New Member

    Just heard that Steelrite is changing their name to "Cold Form" to get gain new credit from the unsuspecting suppliers.
     
  2. whatiship

    whatiship Well-Known Member

    True enough. But whichever path you chose, Do it today!
     
  3. Rob

    Rob Site Supporter

    Is it not just chasing good money after bad? IF there is anything left after the receiver then they will get their cents on the dollar payout.

    I agree a call does not hurt, but I for one would not be putting a lawyer on retainer for a maybe and a might.
     
  4. loaders

    loaders Site Supporter

    Certainly Harvey Capp, or Miriam Isenberg would be my picks for a specialized transportation lawyer. However perhaps a less expensive, first option might be a paralegal who specializes in transportation, such as Scam Chaser, a member of this forum. Someone like that might be able to determine if there is any potential, prior to going all the way with a large law firm.
     
    Shakey likes this.
  5. whatiship

    whatiship Well-Known Member

    I agree with the others. You hate to throw good money after bad but you also hate to give up without a fight if there is a chance (however slight) that you might get some of your money.
    Harvey Capp is certainly one of the best Transportation Lawyers in the city. It would be worth a call and get some advice.
     
  6. Rob

    Rob Site Supporter

    I see one broker and one possible broker the one may have been spelled wrong. The 45k would hurt but the other one is a real kick in the ass. Sorry for the losses we have been there.
     
    Last edited: Dec 16, 2014
  7. AccountsReceivable@DRC

    AccountsReceivable@DRC Moderator Staff Member

    Skier,

    If your loss is significant...it would certainly be worth a call to a lawyer...more specifically... a transportation lawyer. There are only a few in the GTA who specialize in transport litigation. I suggest Capp, Shupak LLC. You need someone dedicated to transport law - and they come highly recommended. One of the top lawyers in Toronto.

    Good Luck
     
    Igor Galanter and hauling_ass like this.
  8. loaders

    loaders Site Supporter

    Yes, a very unfortunate situation to be left "holding the bag". No doubt the carriers you employed to haul this company's freight have all been paid and their customers have received and are using the products. Having been there myself, it is not a good feeling knowing that you paid for someone else's transportation and received nothing in return. Before you throw in the towel on this, it might be worth a discussion with a transportation lawyer to see if you have any possible recourse against the receivers. It would take a thorough review of each Bill of Lading to determine the terms of sale on each shipment, but there might be some potential to mitigate your loss. Worth a look.
     
    Igor Galanter and hauling_ass like this.
  9. whatiship

    whatiship Well-Known Member

    If they have filed for bankruptcy as it would appear by the list shown I am sorry to hear about your loss.
    Once it goes through the court system and the secured creditors get their piece of whatever is left of the pie there will not be much left.
    Tough pill to swallow, been there.
    I am afraid your options are few at this point.
     
  10. Skier

    Skier New Member

    Unsecured Creditors
    Unsecured ClaimBalance of ClaimTotal Claim

    1Alpine Systems Corp$ 157,436.25 $ - $ 157,436.25
    2Amherst Crane$ 1,571.27 $ - $ 1,571.27
    3Bailey Metals$ 955,095.51 $ - $ 955,095.51
    4CDS Doors$ 248.60 $ - $ 248.60
    5Colossi Holdings$ - $ 374,040.71 $ 374,040.71
    6Commercial Drywall$ 102,148.53 $ - $ 102,148.53
    7Critical Freight$ 45,352.15 $ - $ 45,352.15
    8Georgia Pacific Gypsuum LLC$ 13,668.00 $ - $ 13,668.00
    9Ispan Systems LLP$ 366,063.74 $ - $ 366,063.74
    10KPMG$ 4,520.00 $ - $ 4,520.00
    11Label Solutions$ 968.40 $ - $ 968.40
    12Multiglass Insulation$ 11,577.59 $ - $ 11,577.59
    13Norton Rose Fullbright Canada LLP$ 25,917.08 $ - $ 25,917.08
    14Penske Truck$ 6,202.20 $ - $ 6,202.20
    15Profast fastening solutions$ 258.60 $ - $ 258.60
    16Roy Turk Industrial Sales$ 279.88 $ - $ 279.88
    17Ryder Truck Rental$ - $ 1.00 $ 1.00
    18Shrock Prefab$ 389,044.00 $ - $ 389,044.00
    19Steelform Building Systems$ 541,846.53 $ - $ 541,846.53
    20Stephane Frederick$ 321,308.48 $ - $ 321,308.48
    21Superior Door and Gate$ 327.70 $ - $ 327.70
    22The Office Mover$ 344.65 $ - $ 344.65
    23Tie Down Plus Inc$ 2,067.90 $ - $ 2,067.90
    24Weston Forest Products$ 3,953.42 $ - $ 3,953.42
    25Workplace Safety and Insurance Board$ 8,040.14 $ - $ 8,040.14
    $ 2,958,240.62 $ 374,041.71 $3,332,282.33
    Secured Creditors
    amount of claimsecurities
    Colussi Holdings$ 433,880.17 $ - $ 374,040.71
    $ 20,295.11 $ -
    $ 39,544.35 $ -
    Canada Revenue$ 72,687.76 $ 72,687.76 $ -
    $ - $ -
    GE Capital loan$ 27,017.13 $ 27,017.13 $ -
    Ryder Truck Rental$ 1.00 $ - $ -
    Valiant Financial Services$ 20,455.65 $ 20,455.65 $ -
    $ 554,041.71 $ 180,000.00 $ 374,040.71
     
  11. loaders

    loaders Site Supporter

    Or contact scam chaser on this site. Used him before with success. Knows his stuff and represents brokers and carriers alike. I recommend his services.
     
  12. whatiship

    whatiship Well-Known Member

    Call Doug Cannon at Cando Credit 416-254-1000 or go to www.condocreditconsulting.org
    He is not your "regular" collection agency, he will get your money.
     
    hauling_ass likes this.
  13. Skier

    Skier New Member

    Summary Judgement but no money yet
     
  14. AccountsReceivable@DRC

    AccountsReceivable@DRC Moderator Staff Member

    Skier - is court not an option for you? You've still got time to file....
     
  15. Skier

    Skier New Member

    Well its been a year since we moved the freight for STEELRITE, and still have not received a cent. promise after promise.

    Note I am a broker and all of my carriers on this freight were paid in 30 days .....

    .....Extreme Danger....., If you know of anyone moving freight for them or here the name at all please message me.
     
  16. Skier

    Skier New Member

    Still waiting to get paid by these Dead Beats........DANGER
     
  17. AccountsReceivable@DRC

    AccountsReceivable@DRC Moderator Staff Member

    Skier,

    For that amount of money that you are owed - I believe a visit to the business is warranted. I assume you have also contacted their customer and/or got all parties involved with this delinquent payment matter. I would not be sitting and waiting for them to get back to you on a receivable that high. I would also get started on the paperwork for small claims.
     
  18. Skier

    Skier New Member

    Steelrite no longer responding to email, returning calls, can't get an answer regarding payment
     
  19. Skier

    Skier New Member

    Anyone have a truck in Richmond hill that could drive by 500 Edwards ave to see who is moving this freight now. I would like to find out so they can hold some and maybe they can get paid. Into me for 85K and the guy before me for a lot more.
     
    Last edited: Oct 22, 2013
  20. lowmiler88

    lowmiler88 Site Supporter

    Looks like they spelled their name wrong shouldn't one of those e's be an a?
     

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