King Development Inc.
Follow- 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-24-00084397-0000
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.
Debtor
King Development Inc.
Receiver
Rosen Goldberg
| 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 |
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.
| Date | Document | File |
|---|---|---|
Factum of Applicant
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
Receivership Order dated June 11, 2014
| 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 20 September 2026, https://proceedings.ca/case/king-development-inc