Proceedings.

218 Jerseyville Road, Brantford, Ontario (Receiver of)

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Closed
Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Filings held11
Last activity13 Mar 2019
On the record2,903 days
Secured debt$782K

Early record. This matter is tracked from the court registry; its linked filings are the record, and extracted facts will appear here as its documents are processed. Still to come: the stage tracker; assets; estate financials; the sale process.

OverviewSummary updated

218 Jerseyville Road, Brantford, Ontario has been the subject of a court-appointed receivership in the Ontario Superior Court of Justice under BIA s. 243 and provincial Judicature Act authority, commenced October 10, 2018, and now recorded as closed. The secured creditor behind the proceeding is Fisgard Capital Corporation, which stated in its Notice of Application that $781,979.22 was due as of July 26, 2018 under a Charge/Mortgage dated and registered July 20, 2017 as Instrument No. BC320787 against Islam Jassem, also known as Islam Hammadi Jassem. That instrument was registered under the incorrect name "Jassam" and advanced original principal of $780,000 at 8.4% compounded monthly, supported by a General Assignment of Rents, a Promissory Note dated July 19, 2017, and a guarantee from Asia Kazem of the same date.

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Case updates11 dated entries
Parties

Debtor

File Documents

Receiver

Albert Gelman

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredFisgard Capital CorporationCharge/Mortgage dated July 20, 2017, registered July 20, 2017 as Instrument No. BC320787 (registered under incorrect name 'Jassam'), original principal advanced $780,000 at 8.4% compounded monthly; together with General Assignment of Rents (Instrument No. SC1468521/BC321008); also secured by Promissory Note dated July 19, 2017 — Amount stated in Notice of Application as sum due under Charge/Mortgage as of July 26, 2018; prior stated balance was $795,327.64 total owing per Notice of Sale as of January 10, 2018 (with principal $785,461.80 as at December 15, 2017), and $788,732.03 per demand lett · as of 26 Jul 2018$782KApplication Record of Fisgard Capital Corporation, Returnable August 13, 2018

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.

RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Documents
11 filings
DateDocumentFile
Receiver’s Discharge Certificate dated March 13, 2019PDF
Receiver’s Certificate regarding real estate dated January 28, 2019PDF
Approval and Vesting Order of Hainey J. January. 15, 2019PDF
Distribution and Discharge Order of Hainey J. January. 15, 2019
  • Presiding officer Justice Hainey
PDF
Endorsement of Hainey J. January 15, 2019
  • Presiding officer Justice Hainey
PDF
Motion Record of Receiver dated December 21, 2018 (returnable January 15, 2019)PDF
Monitor Discharge Order, October 10, 2018PDF
Motion Record of Fisgard Capital Corporation, returnable October 10, 2018PDF
Order Appointing Receiver, October 10, 2018PDF
Order of Justice Dunphy appointing Non-Possessory Monitor. August 16, 2018
  • Presiding officer Justice Dunphy
PDF
Application Record of Fisgard Capital Corporation, Returnable August 13, 2018
  • Secured creditors $782K · Note: Amount stated in Notice of Application as sum due under Charge/Mortgage as of July 26, 2018; prior stated balance was $795,327.64 total owing per Notice of Sale as of January 10, 2018 (with principal $785,461.80 as at December 15, 2017), and $788,732.03 per demand letter dated December 28, 2017 (principal and overdue interest $787,807.03 as of that date); guaranteed by Asia Kazem pursuant to Guarantee and Postponement of Claim dated July 19, 2017 (personal guarantor). · Page: 9 · As of: 2018-07-26 · Debtor: Islam Jassem (aka Islam Hammadi Jassem) · Creditor: Fisgard Capital Corporation · Security: Charge/Mortgage dated July 20, 2017, registered July 20, 2017 as Instrument No. BC320787 (registered under incorrect name 'Jassam'), original principal advanced $780,000 at 8.4% compounded monthly; together with General Assignment of Rents (Instrument No. SC1468521/BC321008); also secured by Promissory Note dated July 19, 2017
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “218 Jerseyville Road, Brantford, Ontario (Receiver of)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/218-jerseyville-road-brantford-ontario-receiver-of

Sources last checked · summary updated 14 August 2026 · Report a correction · Printed from proceedings.ca/case/218-jerseyville-road-brantford-ontario-receiver-of

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.