#Claims
Creditors met in the bankruptcies of Bayview Creek (CIM) LP and its general partner, with MNP Ltd. acting as Trustee of the estates.
Source: Creditors Package
Bayview Creek (CIM) LP
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-2734603
Filings held3
Last activity4 May 2021
On the record1,966 days
Secured debt$22.3M
OverviewSummary updated
Bayview Creek (CIM) LP has been bankrupt under the BIA since May 4, 2021, with MNP Ltd. as Trustee, under Ontario court files 31-2734610 and 31-2734603; its general partner, 10502715 Canada Inc., went bankrupt the same day. The combined Statement of Affairs reports liabilities of $61,567,461.16 — $47,580,308.97 secured and deemed trust, nil preferred and $13,987,152.19 unsecured — against a potential gross sale value of $55,000,000 for the Property, leaving an estimated surplus of approximately $7.4 million net of estimated secured charges. Bryton Capital Corp. GP Ltd. holds a second mortgage registered in the principal sum of $22,300,000 and appointed RSM Canada Limited receiver of the Property on April 12, 2021. As at 5:00 p.m. on May 20, 2021 no secured or deemed trust proofs of claim had been filed, and unsecured claims filed totalled $12,254,525.20.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
Trustee's report recording that 10502715 Canada Inc. and Bayview Creek (CIM) LP became bankrupt, and setting out combined Statement of Affairs figures, PPSA registrations and Bryton's mortgage security.
Source: Trustees Preliminary Report Bayview Creek CIM LP May 20 2021
Parties
Debtor
Bayview Creek (CIM) LP
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Secured/Deemed Trust claims (aggregate per Statement of Affairs) · in 2 casesas of Statement of Affairs — Aggregate secured/deemed trust claims as reported in Partnership Combined Statement of Affairs — No secured/deemed trust proofs of claim filed as at May 20, 2021 (5:00 PM) per the Claims as Filed column, which shows Nil for this category. — debtor: Partnership Combined (10502715 Canada Inc. and Bayview Creek (CIM) LP) | $47.6M | Trustees Preliminary Report Bayview Creek CIM LP May 20 2021 |
| 4 | Secured | Bryton Capital Corp. GP Ltd. · in 2 casesSecond ranking mortgage over the Property (registered principal sum) — Amount is registered principal of second mortgage, not a stated balance; Bryton also appointed RSM Canada Limited as receiver of the Property on April 12, 2021. — debtor: Bayview Creek (CIM) LP / CIM Bayview Creek Inc. | $22.3M | Trustees Preliminary Report Bayview Creek CIM LP May 20 2021 |
| 4 | Secured | DUCA Financial Services Credit Union Ltd. · in 17 casesPPSA registration against the Partnership — PPSA search conducted May 15, 2021; no amount stated. — debtor: Bayview Creek (CIM) LP | — | Trustees Preliminary Report Bayview Creek CIM LP May 20 2021 |
| 4 | Secured | Monest Financial Inc. · in 2 casesPPSA registration against the Partnership — No amount stated; counsel (Gowlings) also represents this party as a creditor of CIM Bayview. — debtor: Bayview Creek (CIM) LP | — | Trustees Preliminary Report Bayview Creek CIM LP May 20 2021 |
| 4 | Secured | Bryton Capital Corp. GP Ltd. · in 2 casesPPSA registration against the Partnership — Separate PPSA registration listed distinct from the mortgage security above; no amount stated. — debtor: Bayview Creek (CIM) LP | — | Trustees Preliminary Report Bayview Creek CIM LP May 20 2021 |
| 4 | Secured | GR (CAN) Investment Co. Ltd. · in 3 casesPPSA registration against the Partnership — No amount stated; counsel (Gowlings) also represents this party as a creditor of CIM Bayview. — debtor: Bayview Creek (CIM) LP | — | Trustees Preliminary Report Bayview Creek CIM LP May 20 2021 |
| 8 | Unsecured | Unsecured creditors (aggregate as reported in Statement of Affairs) · in 532 casesas of Statement of Affairs — Document names no individual unsecured creditors; a separate 'Claims as Filed' figure of $12,254,525.20 as at 5:00 PM May 20, 2021 is reported alongside (proofs filed, not the SOA-reported figure). — debtor: Partnership Combined (10502715 Canada Inc. and Bayview Creek (CIM) LP) | $14M | Trustees Preliminary Report Bayview Creek CIM LP May 20 2021 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Estate financialsReported figures — never derived
Total assets at filing$55M
Total liabilities at filing$61.6M
As at 4 May 2021 · per Statement of Affairs (Form 78) as stated and estimated by the officer · Entity-level Statement of Affairs for 10502715 Canada Inc (the GP of the Bayview Creek partnership), not the LP itself — Components per SOA: unsecured creditors $13,987,152.19; secured creditors $47,680,308.97; preferred creditors $0.00; all non-real-property asset categories (inventory, cash, receivables, machinery, etc.) listed as $0.00, with real property estimated to produce $55,000,000.00; stated deficiency of approximately $6,567,461.16.
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustees Preliminary Report Bayview Creek CIM LP May 20 2021
| ||
Creditors Package
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Bayview Creek (CIM) LP” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/bayview-creek-cim-lp