Block 80, Bellisle Heights, 61 Thompsons Road, Penetanguishene, Ontario and Block 80 Holdings Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
- File
- CV-24-00720929-00CL
Block 80 Holdings Inc. was placed in court-appointed receivership on 28 November 2025, when the Ontario Superior Court of Justice appointed TDB Restructuring Limited as receiver and manager under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of First Source Financial Management Inc. First Source is the principal secured creditor of the real property at 61 Thompsons Road, Penetanguishene, owed approximately $6,002,775. Construction trades and the Town of Penetanguishene are among the unsecured claimants.
A claims procedure has been established — see the order for deadlines.
23 earlier updates, back to 28 November 2025 — subscribers.
Undated filings2 — no date appears on the document · show
2 filings carry no date on their face — subscribers.
Debtor
Block 80, Bellisle Heights, 61 Thompsons Road, Penetanguishene, Ontario and Block 80 Holdings Inc.
Receiver
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 5 orders, Jul 2024 – Jan 2026 | 176 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 4 orders, Nov 2025 | 288 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 3 orders, Oct 2025 | 89 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverTDB Restructuring | Robins Appleby LLP | 15 Oct 2025 | Order · 15 Oct 2025 |
| Applicant | Rothstein LLP | 4 Jul 2024 | Service list · 4 Jul 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | First Source Financial Management Inc. · in 7 casesApproximate amount owed to party holding a security interest against the Real Property, as reported by Receiver — debtor: Block 80 Holdings Inc. · as of 8 Jul 2024 | $6M | Notice and Statement of Receiver dated July 18, 2024 |
This 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.
Secured creditors: no distribution. First Source a distribution.Second Report of the Receiver · 7 Jan 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | second mortgagee | — | no distribution | per the receiver | Second Report of the Receiver · 7 Jan 2026 |
| Secured | First Source | — | a distributioninterim | Finalper the receiver | Second Report of the Receiver · 7 Jan 2026 |
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.
1 engagement · 1 firm — TDB Restructuring Limited, 8 Jul 2024 – 30 Sep 2025Motion Record of the Receiver (Sale Approval and Discharge) · 3 Oct 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| TDB Restructuring LimitedReceiver | 8 Jul 2024 – 30 Sep 2025 | — | — | — | Motion Record of the Receiver (Sale Approval and Discharge) · 3 Oct 2025 |
| Date | Document | File |
|---|---|---|
Endorsement dated January 14, 2026
| PDF · Subscribers | |
Order (Administration and Discharge) dated January 14, 2026
| PDF · Subscribers | |
Factum of the Receiver dated January 12, 2026
| PDF · Subscribers | |
Motion Record of the Receiver (Discharge) dated January 8, 2026
| PDF · Subscribers | |
Second Report of the Receiver dated January 7, 2026
| PDF · Subscribers | |
Certificate of Appointment dated December 1, 2025
| PDF · Subscribers | |
Ancillary Relief Order dated November 28, 2025
| PDF · Subscribers | |
Appointment Order (Amended and Restated) dated November 28, 2025
| PDF · Subscribers | |
Endorsement of the Court dated November 28, 2025
| PDF · Subscribers | |
Order (Authorizing Bankruptcy) dated November 28, 2025
| PDF · Subscribers | |
| Application Record of First Source Financial Management Inc. dated November 17, 2025 | PDF · Subscribers | |
Approval and Vesting Order dated October 15, 2025
| PDF · Subscribers | |
Endorsement of the Court dated October 15, 2025
| PDF · Subscribers | |
Order (Administration) dated October 15, 2025
| PDF · Subscribers | |
First Report of the Receiver dated October 3, 2025
| PDF · Subscribers | |
Motion Record of the Receiver (Sale Approval and Discharge) dated October 3, 2025
| PDF · Subscribers | |
Notice and Statement of Receiver dated July 18, 2024
| PDF · Subscribers | |
Appointment Order dated July 8, 2024
| PDF · Subscribers | |
Endorsement of the Court dated July 8, 2024
| PDF · Subscribers | |
Judgement in favour of the Applicant dated July 8, 2024
| PDF · Subscribers | |
| Affidavit of the Applicant dated July 5, 2024 | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Factum of the Applicant dated July 2, 2024 | PDF · Subscribers | |
Endorsement of the Court dated June 20, 2024
| PDF · Subscribers | |
| Aide-Memoir of the Applicant dated June 14, 2024 | PDF · Subscribers | |
Application Record dated June 10, 2024
| PDF · Subscribers | |
| Notice of Bankruptcy and First Meeting of Creditors | PDF · Subscribers | |
| Proof of Claim and Proxy Forms | 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., “Block 80, Bellisle Heights, 61 Thompsons Road, Penetanguishene, Ontario and Block 80 Holdings Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/block-80-bellisle-heights-61-thompsons-road-penetanguishene-ontario-and-block-80