1351 Queen St East Corp.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-25-00753617-0000
- Industry
- Real estate · Rental & income property
1351 Queen St East Corp. is the subject of a closed court-appointed receivership before the Ontario Superior Court of Justice (Commercial List), under court file CL-25-00753617-0000. The proceeding was brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The record for this matter carries a single dated step, on March 31, 2026, discharging the court officer appointed over the debtor. That discharge closes the file as recorded, and no further steps are on the record.
Order made Tuesday, March 31, 2026 discharged the court officer appointed over the debtor, ending its role and closing the receivership record.
Source: Distribution and Discharge Order dated March 31, 2026
The court appointed KSV Restructuring Inc. as receiver and manager, on the application of KingSett Mortgage Corporation. Court file CL-25-00753617-0000.
Application Record of the Applicant, KingSett Mortgage Corporation dated December 17, 2025 — Application / notice of application
Debtor
1351 Queen St East Corp.
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dunphy | Ontario Superior Court of Justice | 3 orders, Mar 2026 | 93 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Jan 2026 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Blaney McMurtry LLP | 30 Mar 2026 | Factum · 30 Mar 2026 |
| ApplicantKingSett Mortgage Corporation | Cassels Brock & Blackwell LLP | 7 Jan 2026 | Order · 7 Jan 2026 |
| CreditorKingSett Mortgage Corporation | Cassels Brock & Blackwell LLP | 29 Dec 2025 | Factum · 29 Dec 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | KingSett Mortgage Corporation · in 28 casesFirst-ranking mortgage registered on title October 4, 2021 (registered principal amount $3,125,000) and general assignment of rents over the Real Property; general security agreement over all assets and undertaking of the Company — Amount is approximate ('approximately $2.9 million'), with interest and costs continuing to accrue; sole arm's-length/secured creditor per Receiver; Blaney has opined the security is a valid and enforceable charge — debtor: 1351 Queen Street East Corp. · as of 25 Mar 2026 | $2.9M | First Report of the Receiver dated March 25, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
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.
Unsecured creditors: not yet estimated.EstimatedFirst Report of the Receiver · 25 Mar 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | the Company's unsecured creditors | — | not yet estimated | Estimatedper the receiver | First Report of the Receiver · 25 Mar 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
3 engagements · 2 firms — latest: KSV Restructuring Inc., 7 Jan – 28 Feb 2026, in feesFirst Report of the Receiver · 25 Mar 2026
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Blaney McMurtry LLPCounsel to the receiverperiod 2 of 2 | — | — | First Report of the Receiver · 25 Mar 2026 | |||||||||||||||||||||||||||
| Blaney McMurtry LLPCounsel to the receiverperiod 2 of 2 | — | 4 people | First Report of the Receiver · 25 Mar 2026 | |||||||||||||||||||||||||||
4 people — Blaney McMurtry LLP · 12 blurred figures
| ||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Receiver | 7 Jan – 28 Feb 2026 | 2 people | First Report of the Receiver · 25 Mar 2026 | |||||||||||||||||||||||||||
2 people — KSV Restructuring Inc., 7 Jan – 28 Feb 2026 · 9 blurred figures
| ||||||||||||||||||||||||||||||
32 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
| Receiver Certificate dated April 15, 2026 | PDF · Subscribers | |
Approval and Vesting Order dated March 31, 2026
| PDF · Subscribers | |
Distribution and Discharge Order dated March 31, 2026
| PDF · Subscribers | |
Endorsement of Justice Dunphy dated March 31, 2026
| PDF · Subscribers | |
Factum of the Receiver dated March 30, 2026
| PDF · Subscribers | |
First Report of the Receiver dated March 25, 2026
| PDF · Subscribers | |
Endorsement of Justice Black dated January 7, 2026
| PDF · Subscribers | |
Receivership Order dated January 7, 2026
| PDF · Subscribers | |
Factum of the Applicant, KingSett Mortgage Corporation dated December 29, 2025
| PDF · Subscribers | |
Application Record of the Applicant, KingSett Mortgage Corporation dated December 17, 2025
| 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., “1351 Queen St East Corp.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/1351-queen-st-east-corp