#Order
Interim order granted on Coordinates Capital Corporation's application under sections 43 and 44, with the date of bankruptcy fixed at November 7, 2024, 15:45.
Florian Properties Inc.
FollowActive
- Proceeding
- BankruptcySections 43 and 44 of the Bankruptcy and Insolvency Act
- File
- 24927
Filings held4
Last activity7 Nov 2024
On the record683 days
Secured debt$1.42M
OverviewSummary updated
Florian Properties Inc. was placed into bankruptcy on November 7, 2024 on the application of Coordinates Capital Corporation under sections 43 and 44 of the Bankruptcy and Insolvency Act, in the Supreme Court of Newfoundland and Labrador, General Division, under court files 2024 08G 0018 and 24927. The date of bankruptcy is recorded as November 7, 2024 at 15:45, and the proceeding remains active. Coordinates Capital claims $1,418,519.00 in principal owing as of March 5, 2024, with a per diem of $260.00 plus interest and costs from March 6, 2024, secured by a February 7, 2019 mortgage of $800,000.00 registered against 4 Buckle's Point Road, Forteau (Registration No. 890146) and seven promissory notes issued between June 2015 and February 2016. It values its security at $446,999.80, being the remainder of the sale proceeds of the property, less than the amount owing.
Proceedings AIAsk this case — answers cite the filings
Case updates4 dated entries
Parties
Debtor
Florian Properties Inc.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Coordinates Capital CorporationMortgage dated February 7, 2019 in the principal amount of $800,000.00 registered against 4 Buckle's Point Road, Forteau, NL (Registration No. 890146); Promissory Notes dated June 23, 2015 ($80,000.00), August 11, 2015 ($85,000.00), September 21, 2015 ($150,000.00), September 24, 2015 ($100,000.00), November 18, 2015 ($100,000.00), January 26, 2016 ($130,000.00), February 26, 2016 ($155,000.00) — Amount stated as principal sum owing as of March 5, 2024, with per diem of $260.00, plus interest and costs from March 6, 2024. CCC estimates the value of its security at $446,999.80 (remainder of sal · as of 5 Mar 2024 | $1.42M | Bankruptcy Originating Application |
Documents4 filings
| Date | Document | File |
|---|---|---|
Bankruptcy Order
| ||
Certificate of Filing of a Bankruptcy Order
| ||
| Memorandum of Fact and Law of the Applicant | ||
Bankruptcy Originating Application
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Florian Properties Inc.” (Bankruptcy), Supreme Court of Newfoundland and Labrador. Retrieved 20 September 2026, https://proceedings.ca/case/florian-properties-inc