39 - 85 Costello Avenue, Ottawa, Ontario et al.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- 17-72881
- Industry
- Real estate · Rental & income property
39 - 85 Costello Avenue, Ottawa, Ontario et al. were placed in a court-appointed receivership by order made on 21 June 2017 in the Ontario Superior Court of Justice. First Source Financial Management Inc. applied under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, and Collins Barrow Toronto Limited was appointed receiver. First Source Financial Management Inc. was stated as a secured creditor for $7,375,387.50 and Bank of Montreal for $3,863,420.00. The proceeding was carried on court file 17-72881.
Approval and Vesting Order dated June 22, 2018 (Brockville Property) — Approval and vesting order
Approval and Vesting Order of Justice Phillips dated February 9, 2018 — Approval and vesting order
The court appointed Collins Barrow Toronto Limited as receiver, on the application of FIRST SOURCE FINANCIAL MANAGEMENT INC.. Court file 17-72881.
The court appointed Collins Barrow Toronto Limited as receiver, on the application of FIRST SOURCE FINANCIAL MANAGEMENT INC.. Court file 17-72881.
Debtor
10, 14, 18 and 22 Salisbury Avenue, Brockville, Ontario
Debtor
39 - 85 Costello Avenue, Ottawa, Ontario
Debtor
64, 68 and 70 Reynolds Drive, Brockville, Ontario
Receiver
Collins Barrow
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Phillips | Ontario Superior Court of Justice | 2 orders, Feb 2018 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverCollins Barrow | Chaitons LLP | 9 Feb 2018 | Factum · 2 Feb 2018 |
| Applicant | Osler, Hoskin & Harcourt LLP | 5 Dec 2017 | Order · 5 Dec 2017 |
| CreditorBank of Montreal | Miller Thomson LLP | 1 Feb 2018 | Service list · 1 Feb 2018 |
| CreditorFirst Source Financial Management Inc | Paliare Roland Rosenberg Rothstein LLP | 1 Feb 2018 | Service list · 1 Feb 2018 |
| CreditorKingsett Mortgage Corporation | Blaney McMurtry LLP | 1 Feb 2018 | Service list · 1 Feb 2018 |
| CreditorRSM Canada Limited | Chaitons LLP | 1 Feb 2018 | Service list · 1 Feb 2018 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | First Source Financial Management Inc. · in 8 casesSecurity interest on the Property (64, 68, 70 Reynolds Drive and 10, 14, 18, 22 Salisbury Avenue, Brockville, ON) — Listed among creditors who appear to hold a security interest; list compiled from available information, not audited or verified by Receiver — debtor: Golden Dragon Ho 5 Inc. · as of 13 Jul 2017 | $7.38M | Notice and Statement of Receiver re: Reynolds Dr. and Salisbury Ave. |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 2 classes The stack holds Secured and Unsecured 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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate | PDF · Subscribers | |
| Approval and Vesting Order dated June 22, 2018 (Brockville Property) | PDF · Subscribers | |
| Approval and Vesting Order dated June 22, 2018 (Ottawa Property) | PDF · Subscribers | |
| Brief of Authorities of the Receiver (Motion Record returnable June 22, 2018) | PDF · Subscribers | |
Factum of the Receiver (Motion Record returnable June 22, 2018)
| PDF · Subscribers | |
| Motion Record returnable June 22, 2018 | PDF · Subscribers | |
| Order dated June 22, 2018 (Ancillary Relief) | PDF · Subscribers | |
| Second Report of the Receiver dated June 14, 2018 | PDF · Subscribers | |
Approval and Vesting Order of Justice Phillips dated February 9, 2018
| PDF · Subscribers | |
| Brief of Authorities of the Receiver (Motion returnable February 9, 2018) | PDF · Subscribers | |
Motion Record returnable February 9, 2018
| PDF · Subscribers | |
Order of Justice Phillips dated February 9, 2018
| PDF · Subscribers | |
Factum of the Receiver (Motion returnable February 9, 2018)
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| First Report of the Receiver dated January 29, 2018 | PDF · Subscribers | |
| Interim Report of the Receiver for the period ended December 31, 2017 | PDF · Subscribers | |
Substitution Order dated December 5, 2017 substituting RSM Canada Limited as the name of the Receiver
| PDF · Subscribers | |
Notice and Statement of Receiver re: Reynolds Dr. and Salisbury Ave.
| PDF · Subscribers | |
Receivership order dated June 21, 2017
| PDF · Subscribers | |
Application Record dated June 8, 2017
| 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., “39 - 85 Costello Avenue, Ottawa, Ontario et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/39-85-costello-avenue-ottawa-ontario