33 Laird Group
- Proceeding
- ProposalBankruptcy and Insolvency Act
- File
- 31-2693094
33 Laird Group — comprising 33 Laird Inc., the general partner and 33 Laird Limited Partnership — is in Division I proposal proceedings under the BIA in the Ontario Superior Court of Justice, commenced December 10, 2020, with 33 Laird Inc. as applicant. The matter remains active. Draft unaudited financial statements of 33 Laird Limited Partnership record aggregate net book value of approximately $13MM as at December 31, 2019 for the building structures under construction and the land. As understood by the Proposal Trustee, DUCA Financial Services Credit Union is owed $9,789,000 as of December 8, 2020 on a mortgage charge with a registered principal of $22MM, with $3,214,000 of that loan syndicated to Centurion Mortgage Capital. Maxxwel & Co. has registered a $113,336 construction lien. A $5,200,000 second-ranking mortgage claimed by Beaux Properties International and Sealink JV, in trust, is disputed.
Order re Proposal Approval - dated August 4 2021 - Honourable Madam Justice Dietrich — Plan sanction / final order
The court granted an approval and vesting order for the sale to 33 Laird Development Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions. Sealed: Confidential Exhibit '1' to the Birnboim June Affidavit (unredacted Sale Agreement).
Source: Approval and Vesting Order
Motion Record of Schindler Elevator Corporation dated June 9 2021 — Application / notice of application
Responding Motion Record of the City of Toronto dated June 9, 2021 — Response / objection pleading
Notice of Extension of Time Order and Sales Process Approval was filed.
Source: Notice of Extension of Time Order and Sales Process Approval
Opened the Division I proposal proceedings for the 33 Laird Group on the application of 33 Laird Inc., bringing the partnership's Laird construction project under BIA protection.
Debtor
33 Laird Group
Proposal trustee
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 5 orders, Feb 2021 – Mar 2021 | 318 cases on record |
| Justice Pattillo | Ontario Superior Court of Justice | 2 orders, Aug 2021 | 75 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeMNP | Weisz Fell Kour LLP | 5 Feb 2021 | Application · 27 Jul 2021 |
| Debtor33 Laird Group | Goldman Sloan Nash & Haber LLP | 15 Dec 2020 | Factum · 15 Dec 2020 |
| CreditorDUCA Financial Services Credit Union Ltd | Devry Smith Frank LLP | 5 Feb 2021 | Service list · 5 Feb 2021 |
| CreditorLien Claimant Maxxwel & Co | MARGIE STRUB CONSTRUCTION LAW LLP | 26 Mar 2021 | Order · 26 Mar 2021 |
| CreditorOrganic Garage (Canada) Ltd | Clyde & Co Canada LLP | 5 Feb 2021 | Service list · 5 Feb 2021 |
| CreditorSchindler Elevator Corporation | Blaney McMurtry LLP | 10 Jun 2021 | Application · 25 Jun 2021 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | DUCA Financial Services Credit Union Ltd. · in 19 casesas of December 8, 2020 — Mortgage charge on real property underlying the Project in the amount of $22MM (registered principal); personal property charge over all of INC's chattels except consumer goods; personal property charge over all of LP's accounts and other — Current indebtedness as understood by Proposal Trustee; portion of loan syndicated to Centurion; per PPSA registry search (file currency date December 8, 2020) and Parcel Register dated December 8, 2020 — debtor: 33 Laird Group (INC/GP/LP) | $9.79M | First Report (with appendices) |
| Secured | |||
| Secured | |||
| Secured |
3 more claims in 1 class The stack holds Secured claims.
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See all plans3 transactions · 1 proposed · 1 not completed · 1 approved — The Transaction is approved and the order approving it is grantedApproval and Vesting Order · 15 Jun 2021
| Purchaser | Price | Status | Source |
|---|---|---|---|
| possible purchaser under the Possible Transaction, unnamedthe Project · asset sale | not stated | Proposed | Second Report |
| unnamed interested party in a prior possible transaction for the Property, agreement not executedthe Property · real property | not stated | Not completed | Third Report to Court |
| 33 Laird Development Inc.the Debtor's right, title and interest in and to the assets purchased described as such in the Sale Agreement (the ' Purchased Assets ') · asset sale · agreement 10 May 2021 | Subscribers | Approved15 Jun 2021 | Approval and Vesting Order |
Preferred creditors: paid in full.Under the plan · sanctionedReport of Trustee to the Creditors · 9 Jun 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the plansanctionedper the proposal trustee | Report of Trustee to the Creditors · 9 Jun 2021 |
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.
8 engagements · 2 firms — latest: MNP Ltd., 31 Jan – 27 Feb 2021, in feesThird Report to Court · 23 Mar 2021
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MNP Ltd.Trusteeperiod 4 of 4 | 31 Jan – 27 Feb 2021 | 4 people | Third Report to Court · 23 Mar 2021 | ||||||||||||||||||||||||||||||||
4 people — MNP Ltd., 31 Jan – 27 Feb 2021 · 14 blurred figures
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| MNP Ltd.Trusteeperiod 3 of 4 | 27 Dec 2020 – 30 Jan 2021 | not stated | Second Report · 9 Feb 2021 | ||||||||||||||||||||||||||||||||
| MNP Ltd.Trusteeperiod 2 of 4 | 25 Jan – 29 Jan 2021 | 2 people | Second Report · 9 Feb 2021 | ||||||||||||||||||||||||||||||||
2 people — MNP Ltd., 25 Jan – 29 Jan 2021 · 8 blurred figures
| |||||||||||||||||||||||||||||||||||
| MNP Ltd.Trusteeperiod 1 of 4 | from 14 Dec 2020 | 4 people | Second Report · 9 Feb 2021 | ||||||||||||||||||||||||||||||||
4 people — MNP Ltd., from 14 Dec 2020 · 14 blurred figures
| |||||||||||||||||||||||||||||||||||
| Weisz Fell Kour LLPCounsel to the trusteeperiod 4 of 4 | 3 Feb – 25 Feb 2021Sought | — | Fourth Report To Court with Appendices · 10 May 2021 | ||||||||||||||||||||||||||||||||
| Weisz Fell Kour LLPCounsel to the trusteeperiod 3 of 4 | 2 Dec 2020 – 29 Jan 2021 | — | Fourth Report To Court with Appendices · 10 May 2021 | ||||||||||||||||||||||||||||||||
| Weisz Fell Kour LLPCounsel to the trusteeperiod 3 of 4 | 28 Jan – 29 Jan 2021 | — | — | not stated | Second Report · 9 Feb 2021 | ||||||||||||||||||||||||||||||
| Weisz Fell Kour LLPCounsel to the trusteeperiod 1 of 4 | 2 Dec – 10 Dec 2020 | — | — | not stated | Second Report · 9 Feb 2021 | ||||||||||||||||||||||||||||||
66 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of Justice Pattillo - released July 15 2021
| PDF · Subscribers | |
Order of Justice Pattillo - dated July 15 2021
| PDF · Subscribers | |
Order re Proposal Approval - dated August 4 2021 - Honourable Madam Justice Dietrich
| PDF · Subscribers | |
Factum of the Proposal Trustee - Re Approval of Proposals - dated August 3 2021
| PDF · Subscribers | |
Motion Record dated July 27 2021
| PDF · Subscribers | |
For Video/Telephone Conference instructions on how to attend the Reconvened Meeting of Creditors, for July 2, 2021, click here .
| PDF · Subscribers | |
| Responding Factum | PDF · Subscribers | |
Notice of Return of Cross Motion
| PDF · Subscribers | |
Notice of Reconvened Meeting of Creditors July 2 2021
| PDF · Subscribers | |
| Affidavit of Mailing | PDF · Subscribers | |
| Video and Telephone Conference Instructions | PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
| Order of Approval of Proposal Trustee’s Reports, Fees and Activities | PDF · Subscribers | |
Factum of Cross Moving Party Schindler Elevator Corporation dated June 9 2021
| PDF · Subscribers | |
| Factum of the City of Toronto dated June 9 2021 | PDF · Subscribers | |
Motion Record of Schindler Elevator Corporation dated June 9 2021
| PDF · Subscribers | |
| Creditors package including Report of Trustee to the Creditors | PDF · Subscribers | |
| Fifth Report to Court | PDF · Subscribers | |
Report of Trustee to the Creditors
| PDF · Subscribers | |
| Responding Motion Record of the City of Toronto dated June 9, 2021 | PDF · Subscribers | |
Factum dated June 7 2021 - motion returnable June 11 2021
| PDF · Subscribers | |
| Motion Record - motion returnable June 11 2021 | PDF · Subscribers | |
| Case Conference Endorsement | PDF · Subscribers | |
Extension Order dated May 12, 2021
| PDF · Subscribers | |
Fourth Report To Court with Appendices
| PDF · Subscribers | |
Factum
| PDF · Subscribers | |
Extension Order Signed by J. Cavanagh
| PDF · Subscribers | |
Maxxwel and Co. Inc Order
| PDF · Subscribers | |
Third Report to Court
| PDF · Subscribers | |
Factum of extension to file a Proposal
| PDF · Subscribers | |
| Motion Record for extension of time to file a Proposal | PDF · Subscribers | |
Amended Extension Order
| PDF · Subscribers | |
| Counsel Slip | PDF · Subscribers | |
Extension Order
| PDF · Subscribers | |
Notice of Extension of Time Order and Sales Process Approval
| PDF · Subscribers | |
Moving Parties Factum
| PDF · Subscribers | |
Second Report
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Signed Order (Consolidation stay extension DIP)
| PDF · Subscribers | |
Factum of the Moving Party motion returnable Dec16 2020
| PDF · Subscribers | |
First Report (with appendices)
| PDF · Subscribers | |
Motion Record returnable December 16 2020
| PDF · Subscribers | |
| 33 Laird GP - Creditors Package - NOI cover letter | PDF · Subscribers | |
| 33 Laird Inc - Creditors Package - NOI cover letter | PDF · Subscribers | |
| 33 Laird Limited Partnership - Creditor Package - NOI cover letter | 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., “33 Laird Group” (Proposal), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/33-laird-group