King Development 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
Court: Ontario Superior Court of Justice
File: CV-24-00084397-0000
Industry: Real estate · Residential development

Filings held3

Last activity11 Jun 2024

On the record4,530 days

OverviewSummary updated 1 September 2026

King Development Inc. is in court-appointed receivership in the Ontario Superior Court of Justice, where Rosen Goldberg Inc. was appointed receiver and manager on the application of C & K Mortgage Services Inc., under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. C & K holds the first-ranking charge on the property, registered May 30, 2022, having advanced $22,000,000 that day; its written demand of December 6, 2023 was for $22,500,179.10. Cameron Stephens Mortgage Capital Ltd. ranks second on a charge with a face amount of $27,500,000, followed by WPC GP I Inc. at $5,000,000 and two charges in favour of Amercan Corporation. The appointing order gave the Receiver a first charge on the property and authorised borrowings of up to $500,000.

Proceedings AIOpen Proceedings AI⁠

Ask in plain language. The answer comes only from this case’s filings, each one cited.

Enter to send · Shift+Enter for a new line

Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.

Case updates3 dated entries

11 Jun 2024

#Filing

Factum of Applicant — Factum / brief

PDF · Subscribers

9 Feb 2024

#Filing

Application Record was filed. Court file CV-24-00084397-0000.

Source: Application Record

11 Jun 2014

#Order

Receivership Order dated June 11, 2014 — Receivership order

PDF · Subscribers

Parties

Debtor

King Development Inc.

Receiver

Rosen Goldberg

Bench and counselPer the orders and service lists on the record

Counsel of record

Party	Counsel	First seen	Source
Applicant	Dickinson Wright LLP	11 Jun 2014	Order · 11 Jun 2014

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

Priority class	Creditor	Amount	Source
Secured	Cameron Stephens Mortgage Capital Ltd. · in 11 casesSecond-ranking charge against the Property — Face amount as stated in table; interest rate not specified; due on demand; order of priority 2 — debtor: Kings Development Inc.	$27.5M	Application Record
Secured
Secured
Secured
Secured
Secured
Secured

6 more claims in 1 class The stack holds Secured claims.

Every creditor and every amount, drawn to scale.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠

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.

Documents3 filings

Date	Document	File
11 Jun 2024	Factum of Applicant Applicant C & K Mortgage Services Inc. Appointee Rosen Goldberg Inc. Appointee role receiver and manager Commencement date 7 June 2024 + 4 more extracted facts	PDF · Subscribers

9 Feb 2024	Application Record Applicant C & K MORTGAGE SERVICES INC. Appointee Rosen Goldberg Inc. Appointee role Proposed Receiver Commencement date 9 February 2024 + 7 more extracted facts	PDF · Subscribers

11 Jun 2014	Receivership Order dated June 11, 2014 Applicant C & K Mortgage Services Inc. Appointee Rosen Goldberg Inc. Appointee role receiver and manager Counsel Dickinson Wright LLP + 4 more extracted facts	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., “King Development Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/king-development-inc