2267 Industrial Street, Burlington, Ontario
Follow- Proceeding
- Receivership (court-appointed)Section 101 of the Courts of Justice Act and Rule 41 of the Rules of Civil Procedure
- File
- CV-15-4228-00
2267 Industrial Street, Burlington, Ontario is the subject of a court-appointed receivership commenced on 2015-11-12 by the Ontario Superior Court of Justice, under court file no. CV-15-4228-00, on the application of First Source Mortgage Corporation under section 101 of the Courts of Justice Act. Collins Barrow Toronto Limited was appointed receiver and manager. First Source Mortgage Corporation, which holds a mortgage over the property, was owed $508,748.05 as at November 13, 2015. The building's net book value is stated at $526,371. The receivership is active.
8 earlier updates, back to 12 November 2015 — subscribers.
Debtor
2267 Industrial Street, Burlington, Ontario
Receiver
TDB Restructuring
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | First Source Mortgage Corporation · in 3 casesMortgage — Amount owed to creditor appearing to hold a security interest against the Property, as at November 13, 2015 — debtor: 2267 Industrial Street Investments Ltd. · as of 13 Nov 2015 | $509K | Notice and Statement of Receiver dated November 20, 2015 |
2 transactions · 2 closed — The sale of the Property closed on March 1, 2016.Second Report of the Receiver dated May 3, 2016 - Part 1 · 3 May 2016
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Bilnia Investments Limited2267 Industrial Street, Burlington, Ontario (the "Property") · real property · nominee/assignee: a company to be named · agreement 3 Feb 2016 | Subscribers | Closed1 Mar 2016 | Second Report of the Receiver dated May 3, 2016… |
| 2296355 Ontario Inc.the Property · real property | not stated | Closed1 Mar 2016 | Second Report of the Receiver dated May 3, 2016… |
Secured creditors: shortfall.EstimatedBook of Authorities of the Receiver · 19 Feb 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | secured creditors (CCFL and the Royal Bank of Canada) | — | shortfall | Estimated | Book of Authorities of the Receiver · 19 Feb 2016 |
| Secured | First Source Mortgage Corporation | — | paid in full | Finalper the receiver | Second Report of the Receiver dated May 3, 2016 - Part 2 · 3 May 2016 |
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.
7 engagements · 3 firms — latest: Collins Barrow Toronto Limited, 13 Feb – 2 May 2016Motion Record of the Receiver · 4 May 2016
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)capacity not statedfirm not named in the heading | — | — | — | not stated | Second Report of the Receiver dated May 3, 2016 - Part 2 · 3 May 2016 |
| Collins Barrow Toronto LimitedReceiverperiod 4 of 4 | 13 Feb – 2 May 2016Passed | ••• | ••• | ••• | Motion Record of the Receiver · 4 May 2016 |
| Collins Barrow Toronto LimitedReceiverperiod 4 of 4 | 13 Nov 2015 – 2 May 2016 | ••• | ••• | •••5 people | Motion Record of the Receiver · 4 May 2016 |
| Collins Barrow Toronto LimitedReceiverperiod 4 of 4 | to 2 May 2016 | ••• | ••• | •••5 people | Second Report of the Receiver dated May 3, 2016 - Part 2 · 3 May 2016 |
| Collins Barrow Toronto LimitedReceiverperiod 1 of 4 | 12 Nov 2015 – 12 Feb 2016Sought | ••• | ••• | •••7 people | First Report of the Receiver · 16 Feb 2016 |
| Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 2 of 2 | to 15 Feb 2016Sought | — | ••• | •••2 people | Motion Record of the Receiver · 4 May 2016 |
| Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 1 of 2 | 12 Nov 2015 – 12 Feb 2016 | — | ••• | ••• | Motion Record of the Receiver · 16 Feb 2016 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Motion Record of the Receiver dated May 4, 2016
| PDF · Subscribers | |
Second Report of the Receiver dated May 3, 2016 - Part 1
| PDF · Subscribers | |
Second Report of the Receiver dated May 3, 2016 - Part 2
| PDF · Subscribers | |
Property Sale Approval and Vesting Order dated February 26, 2016
| PDF · Subscribers | |
Book of Authorities of the Receiver dated February 19, 2016
| PDF · Subscribers | |
| Factum of the Receiver dated February 18, 2016 | PDF · Subscribers | |
First Report of the Receiver dated February 16, 2016
| PDF · Subscribers | |
Motion Record of the Receiver dated February 16, 2016
| PDF · Subscribers | |
Notice and Statement of Receiver dated November 20, 2015
| PDF · Subscribers | |
Receivership and Appointment Order dated November 12, 2015
| 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., “2267 Industrial Street, Burlington, Ontario” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2267-industrial-street-burlington-ontario