Canadian Montessori Academy closed 'indefinitely'
A court-appointed receiver said a private Ottawa Montessori school and a summer camp run through the school will remain closed indefinitely.
Control of the Canadian Montessori Academy at 70 Fieldrow St. in Nepean was handed over to BDO Canada Limited on Monday after the school's largest creditor moved to put the debt-ridden institution into receivership.
BDO Canada Ltd. took possession of the school Monday, but it was unclear what the status of the school's operations would be.
Information sessions to be held Friday
On Tuesday, BDO said the school and the summer camp will remain closed indefinitely.
BDO said it would hold two information sessions at the school on this Friday. The first, at 11 a.m., will be open to parents of students enrolled in the 2012-13 school year or who have children currently enrolled in the summer camp.
The second session, at 1 p.m., will be for staff and employees.
The receiver said parents and creditors can contact John Haralovich or Andre Bolduc at BDO’s Ottawa office by calling 613-235-5225.
Bank said school had $1.9M in liabilities
The Canadian Montessori Academy has been operating in Ottawa since 1980 and was owned and operated by the de Mel family. Its principal was Sherie de Mel.
The Business Development Bank of Canada had applied to replace the owners, saying the school owed it close to $800,000 and had not received a loan payment since 2010. The academy's total liabilities, according to the bank, amounted to almost $1.9 million.
On Monday, an Ontario Superior Court Justice approved the application and handed over ownership to BDO.