2139770 Ontario Inc., operating as Ravine's Retirement Home, is in a court-appointed receivership before the Ontario Superior Court of Justice under court file CV-24-00097134-0000. BDO Canada Limited was appointed Receiver on December 20, 2024, the date the proceeding commenced, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. A report of the court officer bearing the same date is on the record and identifies that appointment. The receivership remains active.
The court granted an approval and vesting order for the sale to Verve Nepean Limited Partnership. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate confirming payment of the Purchase Price and satisfaction of closing conditions. Sealed: Confidential Appendices to the Second Report of the Receiver.
Source: Approval and Vesting Order - CV-24-97134 - 9 Sept 2026 (1)
Motion Record of the Receiver - dated August 24, 2026 returnable September 9, 2026 — Application / notice of application
The officer filed a report. The retirement residence continues day-to-day operations under the Receiver while a Court-approved sale process for the Property proceeds through a listing agent.
Source: Receiver's Interim Report 246(2) and R&D to June 30, 2026
The officer filed report no. Receiver's Interim Report - S. 246(2). The Company's retirement residence operations continue day-to-day while the Receiver conducts a Court-approved sale process for the property, listed with Newmark Seniors Housing Group.
Source: Receiver's Interim Report 246(2) and R&D to December 31, 2025
The officer filed a report. The Company continues day-to-day operations of the 125-unit retirement residence while the Receiver conducts a court-approved sale process for the property.
Source: Receiver's Interim Report 246(2) and R&D to June 30 25 - 2139770
Endorsement - CV-24-97134 - Central 1 Credit Union v. 2139770 Ontario Inc - Justice M. Smith — Endorsement / reasons
Motion Record of the Receiver returnable April 17, 2025 — Application / notice of application
The court appointed BDO Canada Limited as receiver and manager, on the application of Central 1 Credit Union. Court file CV-24-00097134-0000.
Debtor
2139770 Ontario Inc. o/a Ravine's Retirement Home
Receiver
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Central 1 Credit Union · in 4 casesFirst mortgage (Instrument No. OC1666971, $28,000,000 registered principal) and Notice of Assignment of Rents (Instrument No. OC1666972) over 626 Prado Private, Ottawa — Payout statement balance with interest accrued to July 31, 2026; principal balance stated separately as $28,000,000.00 (registered/principal amount, not outstanding balance); receiver proposing distribution to Central 1 up to maximum of indebtedness owing — debtor: 2139770 Ontario Inc. · as of 31 Jul 2026 | $42.2M | Motion Record of the Receiver - dated August 24, 2026 returnable September 9, 2026 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
105 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
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.
Sale approvedApproval and Vesting Order - CV-24-97134 - 9 Sept 2026 (1) · 9 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Verve Nepean Limited Partnershipthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · nominee/assignee: Verve Nepean GP Inc. (general partner); assigned to Purchaser by DCMS Realty (Evergreen) Inc. · agreement 9 Jun 2026 | not stated | Approved9 Sep 2026 | Approval and Vesting Order - CV-24-97134 - 9… |
Central 1 Credit Union: shortfall.EstimatedMotion Record of the Receiver - dated August 24, 2026 · 24 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Central 1 Credit Union | — | shortfall | Estimatedper the receiver | Motion Record of the Receiver - dated August 24, 2026 · 24 Aug 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Cumulative receipts
$11.7M
As at 30 Jun 2026Receiver's Interim Report 246(2) and R&D to June 30, 2026
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Motion Record of the Receiver - dated August 24, 2026 returnable September 9, 2026
| PDF · Subscribers | |
| Ancillary Order - CV-24-97134 - Mew, J. - 9 Sept 2026 | PDF · Subscribers | |
Receiver's Interim Report 246(2) and R&D to June 30, 2026
| PDF · Subscribers | |
Approval and Vesting Order - CV-24-97134 - 9 Sept 2026 (1)
| PDF · Subscribers | |
Receiver's Interim Report 246(2) and R&D to December 31, 2025
| PDF · Subscribers | |
Receiver's Interim Report 246(2) and R&D to June 30 25 - 2139770
| PDF · Subscribers | |
| CV-24-97134 - Order - M. Smith, J. - 17 Apr 2025 | PDF · Subscribers | |
Endorsement - CV-24-97134 - Central 1 Credit Union v. 2139770 Ontario Inc - Justice M. Smith
| PDF · Subscribers | |
Motion Record of the Receiver returnable April 17, 2025
| PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Appointment Order dated December 20, 2024
| 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., “2139770 Ontario Inc. o/a Ravine's Retirement Home” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/2139770-ontario-inc-o-a-ravines-retirement-residence
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/2139770-ontario-inc-o-a-ravines-retirement-residence
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.