Pro/Com Realty Corp. and 1983880 Ontario Inc.
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-24-00097114-0000
- Industry
- Real estate · Land holdings
Pro/Com Realty Corp. and 1983880 Ontario Inc. have been under court-appointed receivership since January 16, 2025, on an application by the lenders holding a charge over the debtors' vacant land at 3449 St. Joseph Blvd. in Orleans. The lenders — Laurentel Corporation, JCLS Capital Corp. (previously 2408371 Ontario Inc.), Peter Bashmakov, 1345791 Ontario Inc. and Kathrine Reid — advanced under a Mortgage Commitment dated December 12, 2022, secured by a charge registered February 10, 2023 in the registered amount of $3,250,000, a Site-Specific Security Agreement and a Beneficial Charge Agreement, both dated February 8, 2023. The loan matured March 1, 2023 and the debtors defaulted; indebtedness stood at $4,502,392.87 for principal and interest as of May 1, 2024, exclusive of legal fees, disbursements and accruing interest. Formal demand and a Section 244 notice were made May 23, 2024 and have since expired. The proceeding is active.
Notice of Statement of Receiver - 1983880 Ontario Inc. - — Notice of receiver (s. 245 / Form 87)
Debtor
Pro/Com Realty Corp. and 1983880 Ontario Inc.
Applicant
Laurentel Corporation et al.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Bell | Ontario Superior Court of Justice | 1 order, Jan 2025 | 8 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantLaurentel Corporation et al. | Aird & Berlis LLP | 16 Jan 2025 | Order · 16 Jan 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Kathrine ReidSecurity on property at 3449 St. Joseph Blvd., Orleans, ON — Individual listed as secured creditor holding security on the property — debtor: 1983880 Ontario Inc. | $1.45M | Notice of Statement of Receiver - 1983880 Ontario Inc. - |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
12 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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 |
|---|---|---|
Creditor's Package - 1983880 Ontario Inc. -
| PDF · Subscribers | |
Creditor's Package - Pro/Com Realty Corp. -
| PDF · Subscribers | |
Notice of Statement of Receiver - 1983880 Ontario Inc. -
| PDF · Subscribers | |
Notice of Statement of Receiver - Pro/Com Realty Corp. -
| PDF · Subscribers | |
Receivership Order -
| PDF · Subscribers | |
Application Record -
| 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., “Pro/Com Realty Corp. and 1983880 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/pro-com-realty-corp-and-1983880-ontario-inc