Estate of Gino Testa et al.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- File
- CV-19-00628767-00CL
Estate of Gino Testa et al. is subject to a court-appointed receivership before the Ontario Superior Court of Justice, brought under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Pace Savings and Credit Union applied for the appointment; a Notice of Application issued October 8, 2019, and Grant Thornton Limited's appointment as receiver commenced October 22, 2019, pursuant to a court order. The matter remains active.
Pace Savings and Credit Union issued a Notice of Application on October 8, 2019, seeking the appointment of a receiver.
Debtor
Estate of Gino Testa et al.
Receiver
Doane Grant Thornton
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDoane Grant Thornton | Harrison Pensa LLP | 9 Mar 2020 | Factum · 9 Mar 2020 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Pace Savings and Credit Union Limited · in 2 casesFirst ranking secured interests/charges against the Corporate Debtors, the Debtors, and the Properties (mortgages/charges registered on title); registered charges include $8,500,000 (1988), $2,400,000 (1990), and $7,000,000 (2006) instruments per parcel abstracts — Payout statement accepted by Receiver as the Pace Claim; prose in report also references $7,124,582 as at August 8, 2019 (accrued principal, interest and costs) as an earlier balance, and $5,212,518 as at June 30, 2006 per Minutes of Settlement (both superseded by the February 25, 2020 payout figure) — debtor: The Estate of Gino Tes · as of 25 Feb 2020 | $7.35M | Receiver's First Report to Court dated March 4, 2020.pdf |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount.
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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.
| Date | Document | File |
|---|---|---|
Book of Authorities of the Receiver - March 9, 2020.PDF
| PDF · Subscribers | |
Factum of the Receiver - March 9, 2020.PDF
| PDF · Subscribers | |
Receiver's First Report to Court dated March 4, 2020.pdf
| PDF · Subscribers | |
Application Record date October 9, 2019.pdf
| PDF · Subscribers | |
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CiteProceedings., “Estate of Gino Testa et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/estate-of-gino-testa-et-al