#Order
The court appointed msi Spergel Inc. as receiver and manager, on the application of Caisse Desjardins Ontario Credit Union Inc.. Court file CV-26-00102797-0000.
Source: Order of the Honourable Justice MacLeod dated March 17, 2026
146 Dundas Street, Deseronto, Ontario and 353 Dundas Street West, Napanee, Ontario, two properties owned by Metamore Inc.
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- Proceeding
- Receivership (court-appointed)SECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED; AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43, AS AMENDED
- File
- CV-26-00102797-0000
Filings held5
Last activity17 Mar 2026
On the record188 days
Secured debt$3M
OverviewSummary updated
Metamore Inc. has been in a court-appointed receivership since March 17, 2026, under BIA s. 243 and provincial Judicature Act authority, over its properties at 146 Dundas Street, Deseronto and 353 Dundas Street West, Napanee, Ontario. Caisse Desjardins Ontario Credit Union Inc. holds collateral mortgages and assignments of rents registered against both properties, a general security agreement and an Ontario PPSA registration, and issued demand letters and BIA s. 244 notices on December 5, 2025. As of December 4, 2025, the Caisse reported $2,549,873.44 owing on Loan No. 84209 PR-1 and $3,000,424.10 on PR-2, with mortgage arrears stated separately at $99,844.56 and $121,153.68. Repayment is backed by personal guarantees from five directors and officers, and second mortgages held by Evangelos, Angela and Constantinos Mamas, each registered at $1,600,000, were registered without the Caisse's consent and are treated as postponed to its charges. Municipal tax certificates record $9,947.37 owing to the Town of Greater Napanee and, at Deseronto, $18,017.20 in property tax arrears plus $3,410.80 in utility arrears.
Proceedings AIAsk this case — answers cite the filings
Case updates6 dated entries
#Order
146 Dundas Street, Deseronto, Ontario and 353 Dundas Street West, Napanee, Ontario, two properties owned by Metamore Inc. — Receivership filed, Ontario.
Parties
Debtor
146 Dundas Street, Deseronto, Ontario and 353 Dundas Street West, Napanee, Ontario, two properties owned by Metamore Inc.
Applicant
Caisse Desjardins Ontario Credit Union Inc.
Receiver
msi Spergel inc.
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Caisse Desjardins Ontario Credit Union Inc. · in 22 casesCharge/Mortgage registered July 18, 2023 (Instrument No. LX121469) over 353 Dundas Street, Napanee, ON; Assignment of Rents registered July 18, 2023 (Instrument No. LX121470); General Security Agreement dated July 5, 2023; PPSA registration (File No. 791200233, Registration No. 20230303 1243 1590 3458) — Aggregate indebtedness for Loan No. 84209 PR-2 as of Dec 4, 2025 per Demand Letter, excluding professional fees, disbursements and HST; original loan principal was $3,010,000.00 disbursed Dec 31, 2023 at 6.430% interest; mortgage arrears of $121,153.68 also reported as of the demand; secured a · as of 4 Dec 2025 | $3M | Application Record of the Receiver |
| Secured | Town of DeserontoMunicipal property tax lien on 146 Dundas Street, Deseronto, ON per Tax Certificate dated August 27, 2025 — 2025 property tax arrears; municipal taxes carry statutory lien priority; separate utility arrears reported (see separate entry) — debtor: Metamore Inc. · as of 27 Aug 2025 | $18K | Application Record of the Receiver |
| Secured | Town of Greater Napanee · in 2 casesMunicipal property tax lien on 353 Dundas Street, Napanee, ON per Tax Certificate dated August 26, 2025 — 2025 property tax arrears; municipal taxes carry statutory lien priority — debtor: Metamore Inc. · as of 26 Aug 2025 | $9.95K | Application Record of the Receiver |
| Secured | Evangelos Mamas, Angela Mamas and Constantinos MamasSecond mortgage registered against both 146 Dundas Street and 353 Dundas Street in the amount of $1,600,000.00 (registered principal, not a confirmed outstanding balance) — Registered without the Caisse's prior consent, contrary to the loan agreements' Special Facility conditions; under the Caisse's Standard Charge Terms (para. 10(vi)(C)), a subsequent charge registered without consent is conclusively deemed postponed/subordinated to the Caisse's charge, so this mortgage ranks behind the Caisse's 146 Dundas and 353 Dundas Collateral Mortgages — debtor: Metamore Inc. | — | Application Record of the Receiver |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
Documents5 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice MacLeod dated March 17, 2026
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Order of the Honourable Justice MacLeod dated March 17, 2026
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Endorsement of the Honourable Justice MacLeod dated February 17, 2026
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Application Record of the Receiver
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| Factum of the Applicant dated February 6, 2026 | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “146 Dundas Street, Deseronto, Ontario and 353 Dundas Street West, Napanee, Ontario, two properties owned by Metamore Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/146-dundas-street-deseronto-ontario-and-353-dundas-street-west-napanee-ontario-t