Hillmount Capital Mortgage Holdings Inc. v Teresa Greco et al.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-25-00743765-00CL
- Industry
- Real estate · Land holdings
Teresa Greco and the other respondents were placed in court-appointed receivership by an order of the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) made Wednesday, July 23, 2025, on the application of Hillmount Capital Mortgage Holdings Inc. The proceeding, brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, is carried on the Ontario commercial list under court file number CV-25-00743765-00CL. The receivership order is the only step recorded to date, and the matter remains active.
The court granted an approval and vesting order for the sale to City Park Homes (Stouffville) Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate to the Purchaser.
Source: Approval and Vesting Order
Receivership order granted Wednesday, July 23, 2025, commencing the receivership of Teresa Greco and the other respondents on Hillmount Capital Mortgage Holdings Inc.'s application.
Source: Receivership Order
Debtor
Hillmount Capital Mortgage Holdings Inc. v Teresa Greco et al.
Receiver
Zeifmans
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 3 orders, Feb 2026 | 132 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Oct 2026 | 198 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jul 2025 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverZeifmans | Thornton Grout Finnigan LLP | 3 Feb 2026 | Order · 3 Feb 2026 |
| ApplicantHillmount Capital Mortgage Holdings Inc | Thornton Grout Finnigan LLP | 23 Jul 2025 | Order · 23 Jul 2025 |
| CreditorZeifman Partners Inc | Thornton Grout Finnigan LLP | 26 Oct 2026 | Order · 26 Oct 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Hillmount Capital Mortgage Holdings Inc. · in 8 casesCharge registered 2021/06/21 (YR3269552, $8,500,000) with notices of $8,500,000 (2022/10/07) and $11,800,000 (2023/12/22) on the Whitchurch-Stouffville properties (5318 Main St and 12371 Highway 48). Registered figures are registration amounts, not balances. — Amount is what Hillmount was owed at the date of the distribution (February 9, 2026), against which $12,543,971.38 of net sale proceeds was distributed, leaving a stated shortfall of $136,884.78. On September 16, 2026 Hillmount confirmed it had received sufficient funds (from CRA HST refunds) to repay its indebtedness in full, so the deb · as of 9 Feb 2026 | $12.7M | Motion Record |
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.
Sale approved — the Transaction is hereby approvedApproval and Vesting Order · 3 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| City Park Homes (Stouffville) Inc.all of the Respondents' right, title and interest in and to the Purchased Assets (as defined in the APS) · real property · agreement 10 Dec 2025 | not stated | Approved3 Feb 2026 | Approval and Vesting Order |
1 engagement · 1 firm — Loopstra Nixon LLP, Billing PeriodMotion Record Part 3 of 3 · 21 Jan 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Loopstra Nixon LLPCounsel to the receiver | Billing Period | — | Motion Record Part 3 of 3 · 21 Jan 2026 |
2 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement
| PDF · Subscribers | |
Order
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Ancillary Order
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Commercial List Endorsement
| PDF · Subscribers | |
| Motion Record Part 1 of 3 | PDF · Subscribers | |
| Motion Record Part 2 of 3 | PDF · Subscribers | |
Motion Record Part 3 of 3
| PDF · Subscribers | |
Endorsement Form
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Application Record Part 1 of 6 | PDF · Subscribers | |
| Application Record Part 2 of 6 | PDF · Subscribers | |
Application Record Part 3 of 6
| PDF · Subscribers | |
Application Record Part 4 of 6
| PDF · Subscribers | |
| Application Record Part 5 of 6 | PDF · Subscribers | |
| Application Record Part 6 of 6 | 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., “Hillmount Capital Mortgage Holdings Inc. v Teresa Greco et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/hillmount-capital-mortgage-holdings-inc-v-teresa-greco-et-al