Bobcaygeon Shores Developments Ltd.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Bobcaygeon Shores Developments Ltd. was placed into court-appointed receivership in the Ontario Superior Court of Justice on May 30, 2018, under BIA s. 243 and provincial Judicature Act authority. The proceeding is closed. Bank of Montreal, the principal secured creditor, was owed $970,291.15 as of May 3, 2018 per its demand, following an Amended Commitment Letter of August 31, 2016 recording a loan of $781,865.37 plus unpaid interest of $68,947.88. BMO held a first-ranking collateral charge (Instrument LT17451) against PIN 63137-0001(LT) with a $5,000,000 registration ceiling, a General Security Agreement dated July 22, 2005 over all assets, and a $4,000,000 personal guarantee from director and officer George Godwin. A PPSA search as at April 16, 2018 also disclosed a registration by Ford Credit Canada Leasing, in an amount not stated.
7 earlier updates, back to 30 May 2018 — subscribers.
Debtor
Bobcaygeon Shores Developments Ltd.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Wilton-Siegel | Ontario Superior Court of Justice | 2 orders, May 2018 | 104 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Brauti Thorning LLP | 19 Jun 2019 | Application · 19 Jun 2019 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 279 casesFirst-ranking collateral charge (Instrument LT17451) against Property PIN 63137-0001(LT) securing principal sum of $5,000,000 (registration ceiling); General Security Agreement dated July 22, 2005 over all personal property, assets and undertaking (fixed/floating charge) — Amended Commitment Letter (Aug 31, 2016) stated total Loan of $781,865.37 plus unpaid interest of $68,947.88 ($850,813.25 combined, prose approximation as of Aug 22/31, 2016); amount outstanding as of May 3, 2018 per demand is the exact dated balance. Personal guarantee of $4,000,000 provided by George Godwin (director/offic · as of 3 May 2018 | $970K | Application Record Returnable |
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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
| Approval and Vesting Order, Issued | PDF · Subscribers | |
Endorsement of The Honourable Justice Patillo dated June 28, 2019
| PDF · Subscribers | |
Fee Approval, Distribution and Discharge Order, Issued
| PDF · Subscribers | |
| Book of Authorities of the Receiver | PDF · Subscribers | |
| Factum of the Receiver | PDF · Subscribers | |
| Supplemental Motion Record | PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Endorsement of The Honourable Justice Wilton-Siegel dated May 30, 2018
| PDF · Subscribers | |
Receivership Order of The Honourable Justice Wilton-Siegel dated May 30, 2018
| PDF · Subscribers | |
Application Record Returnable
| 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., “Bobcaygeon Shores Developments Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/bobcaygeon-shores-developments-ltd