Panagiotis "Peter" Stavropoulos

Panagiotis "Peter" Stavropoulos entered bankruptcy in Ontario on April 20, 2022, with Grant Thornton Limited appointed Licensed Insolvency Trustee. His Statement of Affairs, as at May 27, 2022, reported total liabilities of $37,965,183.00 — $29,180,183.00 unsecured and $8,785,000.00 secured — against a single asset, a Richmond Hill property fully encumbered by that secured debt, leaving a net realizable value of $0.00. The property, at 14 Byrson Drive, secures three claims from HSBC Bank Canada — $199,624.00, $5,225,979.00 and $907,785.00 — as well as $174,775.00 in municipal taxes owed to the Town of Richmond Hill and $2,276,837.00 to BHG-BC Holdings Ltd.; BHG-BC Holdings also holds an unsecured claim of $29,027,662.00 against Stavropoulos. Lakeridge Health has noted a contingent claim of $500,000,000.00, and Dell Financial Services Canada Limited a contingent claim of $11,470,371.00, each recorded with an unsecured amount of $0.00. An application was filed in the matter on May 3, 2024.