1682 Victoria Park Avenue Inc.

Case update

1682 Victoria Park: the monitor asks to end the CCAA without a bankruptcy

On November 10 the monitor asks to end the CCAA without bankrupting the residual company left with $5.5 million of HST arrears; Findev Lending had objected to paying the professional fees for that bankruptcy. Justice Myers had written that a bankruptcy would reverse the CRA's priority; the monitor says the company has no assets, so no creditor is prejudiced.

4 November 2026

Precedent note

Reversing the Crown's GST/HST trust

Outside insolvency, the Crown's trust for unremitted GST/HST can rank ahead of a lender's security; a bankruptcy or a CCAA ends that priority. Seven 2026 files show lenders choosing their route, and four show the trust that survives both, for payroll source deductions.

24 September 2026

Precedent note

Why a reverse vesting order

On September 15 Justice Myers approved a reverse vesting order while asking whether its reasons were good ones. Across fifteen proceedings this year, the reasons filed come down to permits and licences that take weeks to a year to replace, tax losses and transfer tax, contracts needing consent, a Crown deemed trust, and buyers who would buy no other way.

23 September 2026

Outcome brief

1682 Victoria Park: the RVO Justice Myers approved and questioned

Findev Lending takes the shares of its insolvent borrower for about $58.95 million, most of it assumed mortgages and a $25.78 million credit bid. On September 15 Justice Myers approved the reverse vesting order, and in the same reasons asked whether its three justifications were good ones, leaving $5.5 million of HST arrears, two lien claims, a post-stay writ and the unit owners' claims in a residual company.

16 September 2026

Case update

1682 Victoria Park: sixty-five unsold, and the lender who did not prime anybody

Findev Lending put its own borrower into CCAA to sell 65 townhouses, took no DIP charge, and let its administration charge rank fourth behind three mortgages. On July 24 Justice Myers extended the stay and told sixteen existing homeowners what they would need to be heard.

25 July 2026

Precedent note

The lender as applicant

A secured creditor that wants a court-supervised sale has two doors: appoint a receiver, or put its own borrower into CCAA. Four 2026 proceedings show lenders choosing the second — and taking radically different positions on how much priority to ask for once inside.

22 July 2026