#Order
Appointed Rosen Goldberg Inc. receiver and manager over 203 Glencairn on Bergo Investment Limited's application as first and second mortgagee, under section 243(1) of the Bankruptcy and Insolvency Act.
Source: Court Order appointing Receiver
203 Glencairn
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-24-00729071-0000
- Industry
- Real estate · Residential development
OverviewSummary updated
203 Glencairn is the subject of a court-appointed receivership begun November 22, 2024, when the Ontario Superior Court of Justice appointed Rosen Goldberg Inc. receiver and manager on the application of Bergo Investment Limited under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Bergo holds the first and second mortgages over the property, taken by Tianna Faubert and guaranteed by John Carlesso, and accounted for $3,675,745.08 and $1,098,456.06 respectively as at September 13, 2024. Bergo took the first mortgage by assignment from Harlo Financial Group GP Inc., which had issued a notice of sale on April 19, 2023, and Bergo issued further notices on June 7, 2023 and May 31, 2024. Registering Orion Cap Inc.'s $325,000.00 third mortgage without Bergo's consent was itself a default under the first and second mortgages.
Proceedings AIOpen Proceedings AI
Case updates2 dated entries
Parties
Debtor
203 Glencairn
Receiver
Rosen Goldberg
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stevenson | Ontario Superior Court of Justice | 1 order, Nov 2024 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantBergo Investment Limited | Fogler, Rubinoff LLP | 22 Nov 2024 | Order · 22 Nov 2024 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bergo Investment LimitedFirst Mortgage - Charge/Mortgage Instrument No. AT5986515, principal sum $2,800,000.00, registered Feb 9, 2022, transferred from Harlo Financial Group GP Inc. and HF Toronto (Glencairn Avenue) LP; senior-ranking via postponement Instrument No. AT5989062; also secured by Guarantee dated Jan 26, 2022 and General Security Agreements dated Jan 26, 2022 (PPSA) — Total per detailed accounting as at September 13, 2024 (Principal $3,073,447.34 plus accrued interest, fees, costs, less payments received); earlier prose approximation of $2,912,211.29 stated as at April 19, 2023 in notice of sale, and $3, · as of 13 Sep 2024 | $3.68M | Application record |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
5 more claims in 1 class The stack holds Secured claims.
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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.
Documents2 filings
| Date | Document | File |
|---|---|---|
Court Order appointing Receiver
| PDF · Subscribers | |
Application record
| 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., “203 Glencairn” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/203-glencairn