1828700 Ontario Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the BIA and section 101 of the CJA
- File
- CV-18-603624-00CL
- Industry
- Real estate · Rental & income property
1828700 Ontario Inc. is in receivership under BIA s. 243 and the provincial Judicature Acts. Per the Liquidator's First Report of August 20, 2018, secured claims against the company include a Meridian Credit Union first mortgage of approximately $15,000,000, guaranteed by shareholders Salvatore Galati, Nick Marino and Vince Teti, alongside construction liens from Network Mechanical Inc. ($1,671,725), G & G General Supply Ltd. ($903,806), Goldomme Electrical Contractors Inc. ($841,512), 1762550 Ontario Inc. o/a G & G Contracting ($137,652) and Energy Corp. ($85,852), and a City of Toronto tax warrant of $666,919.10 that had grown to over $2,000,000 by the report date. Unsecured claims include disputed litigation demands from Access Self Storage ($6,000,000), CP Rail ($350,000) and United Drywall ($442,000), an unquantified oppression claim by Galati against Teti, Marino and the company, and shareholder loans to Galati, Marino, Teti and Bieri.
A receivership order was granted. Court file CV-18-603624-00CL.
Source: Court order appointing Receiver
Debtor
1828700 Ontario Inc.
Receiver
Schwartz Levitsky Feldman Inc.
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Meridian Credit UnionFirst Mortgage on the Property — Stated as 'approximately $15,000,000.00' in First Report of Liquidator dated August 20, 2018. Personally guaranteed by Salvatore Galati, Nick Marino and Vince Teti (shareholders/related parties). Separately, per report re: L. Galati's negotiations, Meridian is owed interest arrears of approximately $300,000 from 182 Ontario (distinct from the principal balance shown). — debtor: 1828700 Ontario Inc. · as of 20 Aug 2018 | $15M | Second Report 1828700 Ontario Inc. |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
16 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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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 |
|---|---|---|
| Phase I Environmental Site Assessment | PDF · Subscribers | |
| Baseline Property Condition Assessment -Pinchin | PDF · Subscribers | |
| Building and Zoning Permits | PDF · Subscribers | |
Court order appointing Receiver
| PDF · Subscribers | |
Second Report 1828700 Ontario Inc.
| PDF · Subscribers | |
| Court Order | PDF · Subscribers | |
First Report 1828700 Ontario Inc.
| 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., “1828700 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1828700-ontario-inc