10412490 Canada Corp. and 10525243 Canada Corp.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-22-00680655-00CL
10412490 Canada Corp. and 10525243 Canada Corp. have been in court-appointed receivership since May 24, 2022, when the Ontario Superior Court of Justice appointed Rosen Goldberg Inc. receiver and manager on the application of C & K Mortgage Services Inc. and Canadian Western Trust Company under section 243 of the Bankruptcy and Insolvency Act. The applicants hold a first-ranking charge over the properties at 2 Harrison and 4 Harrison, together with a general assignment of rents and a general security agreement, securing a $6.25M loan that matured April 1, 2022; they put the balance at $6,502,741.41 as at April 25, 2022, accruing per diem interest of $1,726.60. Charges held by Uptown Financial Inc., Stephen Chan and Archigraph Development Inc. rank behind them.
Appointed Rosen Goldberg Inc. receiver and manager of 10412490 Canada Corp. and 10525243 Canada Corp. on the first-ranking chargeholders' application under section 243 of the Bankruptcy and Insolvency Act.
Application Record to Appoint Receiver Returnable May 24, 2022 was filed. Court file CV-22-00680655-00CL.
Source: Application Record to Appoint Receiver Returnable May 24, 2022
Debtor
10412490 Canada Corp. and 10525243 Canada Corp.
Receiver
Rosen Goldberg
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gilmore | Ontario Superior Court of Justice | 2 orders, May 2022 | 68 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Dickinson Wright LLP | 24 May 2022 | Order · 24 May 2022 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | C&K Mortgage Services Inc. and Canadian Western Trust CompanyFirst-ranking charge over 2 Harrison and 4 Harrison, general assignment of rents, general security agreement; principal amount of Loan $6.25M — First-ranking secured creditors; Loan matured April 1, 2022, per diem interest of $1,726.60 accruing; Canadian Western Trust Company holds undivided $600,000/$6,250,000 interest in trust for RRIF beneficiaries Jeffrey Erlich ($200,000) and Leslie Orbach ($400,000) — debtor: 10412490 Canada Corp. and 10525243 Canada Corp. · as of 25 Apr 2022 | $6.5M | Application Record to Appoint Receiver Returnable May 24, 2022 |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
5 more claims in 1 class The stack holds Secured claims.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
| Date | Document | File |
|---|---|---|
Appointment Order dated May 24, 2022
| PDF · Subscribers | |
Endorsement of Justice Gilmore dated May 24, 2022
| PDF · Subscribers | |
Application Record to Appoint Receiver Returnable May 24, 2022
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “10412490 Canada Corp. and 10525243 Canada Corp.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/10412490-canada-corp-and-10525243-canada-corp