#Order
The court appointed Albert Gelman Inc. as receiver and manager, on the application of Corradina Canonaco. Court file CL-26-00000209-0000.
Muskoka Recovery Inc. and 2855531 Ontario Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, section 248(3)(b) of the Business Corporations Act, and section 101 of the Courts of Justice Act
- File
- CL-26-00000209-0000
Filings held3
Last activity6 Aug 2026
On the record46 days
Secured debt$5.41M
OverviewSummary updated
Muskoka Recovery Inc. and 2855531 Ontario Inc. are before the Ontario Superior Court of Justice in a bankruptcy proceeding commenced August 6, 2026 under court file CL-26-00000209-0000, when an interim order was granted. The matter follows a default under the Bank of Montreal umbrella loan facility, secured against properties of 2855531 Ontario Inc. and personal properties pledged as collateral by Corradina Canonaco. A demand letter dated on or about April 30, 2026 put the indebtedness of 2855531 Ontario Inc. and its personal guarantors at CAD 5,408,380.19, and BMO served a notice of intention to enforce security on the company under the BIA. Corradina Canonaco, a related party and applicant, and Ewa Maria Ricci are personal guarantors. The proceeding is active.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Order
Interim order granted, commencing the proceeding in the Ontario Superior Court of Justice under court file CL-26-00000209-0000.
Source: Endorsement dated July 31, 2026
Parties
Debtor
Muskoka Recovery Inc. and 2855531 Ontario Inc.
Receiver
Albert Gelman
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jul 2026 – Aug 2026 | 220 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantCorradina Canonaco | Sotos LLP | 11 May 2026 | Application · 11 May 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 279 casesBMO Facility - umbrella loan facility secured against 285 properties and personal properties pledged by Corradina Canonaco as collateral — Demand letter dated on or about April 30, 2026 states 285 and personal guarantors are indebted in this amount; Notice of Intention to Enforce Security served on 285 under BIA. Facility in default. Corradina Canonaco is a personal guarantor (related party/applicant); Ewa Maria Ricci is also a personal guarantor. — debtor: 2855531 Ontario Inc. (285), with personal guarantors including Corradina Canonaco and Ewa Maria Ricci · as of 30 Apr 2026 | $5.41M | Notice of Application dated May 11 2026 |
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 |
|---|---|---|
Order (Appointing Receiver) dated August 6, 2026
| ||
Endorsement dated July 31, 2026
| ||
Notice of Application dated May 11 2026
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Muskoka Recovery Inc. and 2855531 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/muskoka-recovery-inc-and-2855531-ontario-inc