Happy Town Housing Inc.
- 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-25-00090173-0000
- Industry
- Real estate
Happy Town Housing Inc. is the subject of a court-appointed receivership proceeding in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), commenced 8 May 2025 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, under court file number CV-25-00090173-0000. The application was filed electronically on that date. The matter is active. The record carries no further dated steps: no appointment order, no reports and no hearing dates have been entered since commencement.
The court appointed msi Spergel Inc. as receiver and manager, on the application of BANK OF MONTREAL. Court file CV-25-00090173-0000.
Source: Order of the Honourable Justice Goodman dated June 19, 2025
Receivership application filed electronically in the Ontario Superior Court of Justice, opening court file CV-25-00090173-0000 and commencing the proceeding against Happy Town Housing Inc.
Source: Application Record of the Applicant dated May 9, 2025
Debtor
Happy Town Housing Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Goodman | Ontario Superior Court of Justice | 1 order, Jun 2025 | 14 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Chaitons LLP | 12 Feb 2026 | Factum · 12 Feb 2026 |
| Applicant | Miller Thomson LLP | 19 Jun 2025 | Order · 19 Jun 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 297 casesCharge/mortgage over 43 Centre Street, St. Catharines (registered principal $396,000, instrument NR520562, registered 2019-09-06, Niagara North LRO #30) and charge/mortgage over 34 Rykert Street, St. Catharines (registered principal $334,000, instrument NR520563, registered 2019-09-06); Bank holds first ranking charge over both properties, subject to any unpaid realty taxes. — Outstanding balance broken down as Loan 3712-1669-002: principal $257,227.70 + interest $13,612.01 = $270,839.71; Loan 3712-1669-004: principal $339,398.67 + interest $17,950.63 = $357,349.30 (as of 2025-04-30). Earlier · as of 30 Apr 2025 | $628K | Application Record of the Applicant dated May 9, 2025 |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
4 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 |
|---|---|---|
Factum of the Receiver dated February 12, 2026
| PDF · Subscribers | |
| Motion Record of the Receiver dated February 10, 2026 | PDF · Subscribers | |
Order of the Honourable Justice Goodman dated June 19, 2025
| PDF · Subscribers | |
Application Record of the Applicant dated May 9, 2025
| 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., “Happy Town Housing Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/happy-town-housing-inc