1391 Ontario St. Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00090112-0000
1391 Ontario St. Inc. is the subject of an active court-appointed receivership proceeding in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The application was filed electronically on May 5, 2025 and carries court file number CV-25-00090112-0000. The record to date reflects the commencement of the proceeding only; no further steps have been entered.
The court appointed msi Spergel Inc. as receiver and manager, on the application of BUSINESS DEVELOPMENT BANK OF CANADA. Court file CV-25-00090112-0000.
Source: Order of the Honourable Justice Bordin dated June 3, 2025
2 earlier updates, back to 3 June 2025 — subscribers.
Debtor
1391 Ontario St. Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Bordin | Ontario Superior Court of Justice | 2 orders, Jun 2025 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantBusiness Development Bank of Canada | Miller Thomson LLP | 3 Jun 2025 | Order · 3 Jun 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Business Development Bank of Canada · in 241 casesMortgage over the Real Property (1391 Ontario St., Burlington, Ontario) registered in the Halton land registry office on January 13, 2023 as instrument HR1943677, securing a registered principal amount of $2,446,000 (loan no. 242499-01 under Credit Agreement/Letter of Offer dated December 2, 2022); described as a first-ranking charge, subject to unpaid realty taxes — Outstanding balance as of May 1, 2025 comprised of Principal $2,371,650 + Interest $88,154.12 = $2,459,804.12; original loan advance was $2,446,000 (not the balance). Thomas Dylan Suitor, principal of the Debtor, has personally gu · as of 1 May 2025 | $2.46M | Application Record of BDC dated May 6, 2025 |
This 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.
1 engagement · 1 firm — msi Spergel Inc., —Motion Record of the Receiver · 16 Jan 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| msi Spergel Inc.Receiver | — | — | — | — | Motion Record of the Receiver · 16 Jan 2026 |
| Date | Document | File |
|---|---|---|
Motion Record of the Receiver dated January 16, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Bordin dated June 3, 2025
| PDF · Subscribers | |
Order of the Honourable Justice Bordin dated June 3, 2025
| PDF · Subscribers | |
| Factum of the Applicant dated May 21, 2025 | PDF · Subscribers | |
Application Record of BDC dated May 6, 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., “1391 Ontario St. Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1391-ontario-st-inc