#Sale
The court granted a reverse vesting order in favour of Dementia Care Holdings Inc.
Source: Approval and Reverse Vesting Order dated February 20, 2026
2301402 Ontario Limited and Jake’s House Community Residences
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00741261-00CL
- Industry
- Health care · Seniors housing & long-term care
OverviewSummary updated
2301402 Ontario Limited and Jake's House Community Residences have been in court-appointed receivership since May 14, 2025, under s. 243 of the BIA and provincial Judicature Act authority. The proceeding arises from three MarshallZehr Group Inc. facilities secured by first, second and third charges over the real property at 133, 135, 139, 141 and 143 Main St., Lucan. As of January 28, 2025, the MZ 307 loan stood at approximately $11,004,806 and the MZ 308 loan at approximately $5,139,839.02; the MZ 306 balance is recorded as $22,123,416 in one place and $22,123,146 in another. Jake's House Community Residences guaranteed all three loans under general security agreements dated February 7, 2022. The Receiver reported Township of Lucan Biddulph tax arrears of $120,193.32 as of August 7, 2025. Bank of Montreal holds a blanket PPSA registration against 2301402.
Proceedings AIOpen Proceedings AI
Case updates18 dated entries
#Order
Endorsement of the Honourable Justice Dietrich dated February 20, 2026 — Endorsement / reasons
#Order
Endorsement of the Honourable Justice Dietrich dated February 19, 2026 — Endorsement / reasons
#Report
The officer filed report no. Second Report of the Receiver. The debtors previously operated a 54-suite retirement residence in Lucan, Ontario, and no longer operate. The Receiver ran a sale process and now seeks approval of a reverse vesting transaction with Dementia Care Holdings Inc. that would preserve about $22.5 million of non-capital losses, with closing targeted by March 31, 2026 and the Receiver's discharge to follow.
Source: Second Report of the Receiver dated February 10, 2026
#Filing
Motion Record of the Receiver returnable February 19, 2026 — Application / notice of application
#Filing
Motion Record of the Receiver returnable September 24, 2025 — Application / notice of application
#Order
The court appointed TDB Restructuring Limited as receiver and manager, on the application of MarshallZehr Group Inc.. Court file CV-25-00741261-00CL.
Parties
Debtor
2301402 Ontario Limited and Jake’s House Community Residences
Applicant
MarshallZehr Group
Receiver
TDB Restructuring
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 6 orders, May 2025 – Feb 2026 | 132 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Sep 2025 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverTDB Restructuring | Chaitons LLP | 23 Sep 2025 | Factum · 23 Sep 2025 |
| ApplicantMarshallZehr Group | Chaitons LLP | 14 May 2025 | Order · 14 May 2025 |
| CreditorDementia Care Holdings Inc | Thornton Grout Finnigan LLP | 18 Feb 2026 | Service list · 18 Feb 2026 |
| CreditorUnifor and its Local 27 | Unifor Legal Department | 18 Feb 2026 | Service list · 18 Feb 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | MarshallZehr Group Inc. (MZ) · in 19 casesFirst Charge/Mortgage of Land (principal $20,000,000) against 135, 139, 141 & 143 Main St. ('Original Charge Lands'), reg. July 25, 2014, amended Feb 5, 2020; Collateral first Charge/Mortgage of Land (principal $20,000,000) against 133 Main St., reg. Feb 5, 2020; General Assignments of Rents on both properties; General Security Agreement dated July 21, 2014 (blanket security interest in all Borrower assets) — Referred to as 'MZ 306 Loan' (commitment letter July 4, 2014, as amended Dec 18, 2019 and Dec 22, 2021), original/commitment principal $17,262,643.59; also called 'Second Loan' in Receive · as of 28 Jan 2025 | $22.1M | First Report of the Receiver dated September 19, 2025 |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
4 more claims in 1 class The stack holds Secured 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.
Sale processAs stated in the filings
Approval pending — This Supplementary Report provides information to the Court to address the following mattersSupplement to the Second Report dated February 19, 2026 · 19 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Dementia Care Holdings Inc.vesting all of the right, title and interest in and to the Purchased Shares (as defined in the Subscription Agreement) in the Purchaser · share subscription · agreement 10 Feb 2026 | not stated | Approved20 Feb 2026 | Approval and Reverse Vesting Order dated… |
Closing termsClosing occurs upon delivery of the Receiver's Closing Certificate to the PurchaserApproval and Reverse Vesting Order dated February 20, 2026
Sealed materialsConfidential Appendices to the Second Report; Confidential Appendices to the Supplementary ReportApproval and Reverse Vesting Order dated February 20, 2026
Fees and ratesAs stated in the filings
1 engagement · 1 firm — Chaitons LLP, 28 May – 31 Aug 2025, soughtMotion Record of the Receiver · 22 Sep 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Chaitons LLPCounsel to the receiver | 28 May – 31 Aug 2025Sought | 3 people | Motion Record of the Receiver · 22 Sep 2025 | ||
12 blurred figures above
What the firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Cumulative receipts
$801K
As at 10 Feb 2026Second Report of the Receiver dated February 10, 2026
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plansDocuments
17 filings
| Date | Document | File |
|---|---|---|
Ancillary Relief Order dated February 20, 2026
| PDF · Subscribers | |
Approval and Reverse Vesting Order dated February 20, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Dietrich dated February 20, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Dietrich dated February 19, 2026
| PDF · Subscribers | |
Supplement to the Second Report dated February 19, 2026
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Factum of the Receiver dated February 14, 2026
| PDF · Subscribers | |
| Motion Record of the Receiver returnable February 19, 2026 | PDF · Subscribers | |
Second Report of the Receiver dated February 10, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Steele dated September 24, 2025
| PDF · Subscribers | |
Order dated September 24, 2025
| PDF · Subscribers | |
Factum of the Receiver dated September 23, 2025
| PDF · Subscribers | |
Motion Record of the Receiver returnable September 24, 2025
| PDF · Subscribers | |
First Report of the Receiver dated September 19, 2025
| PDF · Subscribers | |
Appointment Order dated May 14, 2025
| PDF · Subscribers | |
Endorsement of the Honourable Justice J. Dietrich dated May 14, 2025
| PDF · Subscribers | |
Application Record returnable May 14, 2025
| 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., “2301402 Ontario Limited and Jake’s House Community Residences” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/2301402-ontario-limited-and-jake-s-house-community-residences