Samuel Property Management Ltd.
- Proceeding
- ProposalBIA Div. I
- File
- 31-1687015
- Industry
- Real estate · Real estate services
Samuel Property Management Ltd. filed a Notice of Intention on November 15, 2012, followed by a Proposal under Division I of the BIA. A Statement of Affairs sworn May 2, 2013 lists total assets of $295,068 and combined preferred and unsecured claims of $1,888,569; after Deborah Sisera ($888,690) and Dolly Catena ($137,479) agreed not to file claims, the Proposal addresses approximately $862,400 in remaining preferred and unsecured claims. Royal Bank of Canada holds a General Security Agreement over all assets, with a balance of $94,129.32 as of May 2, 2013 anticipated to grow to approximately $215,000, to be paid in full under the Proposal. CRA's deemed-trust claim is to be paid in full within six months of Court Approval. The Trustee's bankruptcy-scenario analysis estimates nil distribution to unsecured and preferred creditors.
Order re 2nd Extension of Proposal deadline – Jan 22, 2013 was filed. Court file 31-1687015.
Source: Order re 2nd Extension of Proposal deadline – Jan 22, 2013
Debtor
Samuel Property Management Ltd.
Proposal trustee
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Associate Judge Short | Ontario Superior Court of Justice | 2 orders, Jan 2013 – Mar 2013 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeAlbert Gelman | Lipman, Zener & Waxman LLP | 1 Oct 2013 | Order · 1 Oct 2013 |
| CreditorProponent | Lipman, Zener & Waxman LLP | 12 Mar 2013 | Order · 12 Mar 2013 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesGeneral Security Agreement (GSA) - first ranking charge against all of Samuel's assets; validity and enforceability confirmed by independent legal opinion; RBC Operating Line of Credit capped at $175,000 — SOA-stated balance as at May 2, 2013 comprising: RBC LOC (capped at $175,000) drawn to $55,000; two VISA accounts $15,106.39 and $1,529.71; legal fees $22,493.22. Trustee anticipates the claim will grow to approximately $215,000 assuming full drawdown of the $175,000 LOC plus additional accrued interest/legal fees (forecast). Trustee's separate bankruptcy liquidation analysis (page 5) estima · as of 2 May 2013 | $94.1K | Creditors package re Proposal.Samuel |
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 6 | Landlord preferred | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
9 more claims in 5 classes The stack holds Secured, PMSI / lessors, Landlord preferred, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansPreferred creditors: a distribution. Royal Bank of Canada paid in full.Under the plan · implementedCreditors package re Proposal.Samuel · 9 May 2013
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredRBC (secured claim) | Royal Bank of Canada | — | paid in full | Under the planimplementedper the trustee | Creditors package re Proposal.Samuel · 9 May 2013 |
| Preferred | — | listed | conditional | Under the planimplementedper the trustee | Creditors package re Proposal.Samuel · 9 May 2013 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Form 46 – Certificate of Full Performance.Samuel | PDF · Subscribers | |
Order Approving Proposal – Oct 1 2013
| PDF · Subscribers | |
Order re approval of sale – Oct 1 2013
| PDF · Subscribers | |
Creditors package re Proposal.Samuel
| PDF · Subscribers | |
| Certificate Of Filing – 31-1687015 | PDF · Subscribers | |
Order re 3rd Extension of Proposal deadline – Mar 12, 2013
| PDF · Subscribers | |
Order re 2nd Extension of Proposal deadline – Jan 22, 2013
| PDF · Subscribers | |
Order.extension.Dec 11, 2012.SAMUEL
| 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., “Samuel Property Management Ltd.” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/samuel-property-management-ltd