Receivership Proceedings of Southmount et al
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- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Industry
- Real estate · Rental & income property
OverviewSummary updated
Southmount et al are the subject of a court-appointed receivership commenced on June 29, 2021 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. An order was made in the proceeding on February 8, 2023. The receivership is now closed.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIOpen Proceedings AI
Case updates67 dated entries · 14 undated
#Filing
Responding Motion Record of the Receiver dated January 24, 2023 — Response / objection pleading
#Report
Trustees Preliminary Report - (2009 Long Lake et al) dated October 19, 2022 — Court officer report
#Report
Trustees Preliminary Report - (Southmount et al.) dated September 15, 2022 — Court officer report
#Report
Receiver's Certificate dated August 23, 2022 (35 Upper Centennial) — Court officer certificate
#Report
Trustee's Preliminary Report (100 Colborne et al.) dated July 14, 2022 — Court officer report
#Filing
Supplementary Motion Record of the Receiver dated May 20, 2022 — Application / notice of application
#Order
Endorsement of Justice Koehnen regarding Broker Engagement, Sale Process & Ancillary Matters Order — Endorsement / reasons
#Filing
Notice and Statement of the Receiver dated July 9, 2021 — Notice of receiver (s. 245 / Form 87)
Undated filings14 — no date appears on the document · show
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Parties
Debtor
Receivership Proceedings of Southmount et al
Receiver
KPMG
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gilmore | Ontario Superior Court of Justice | 6 orders, May 2022 | 68 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jul 2023 | 245 cases on record |
| Justice Koehnen | Ontario Superior Court of Justice | 2 orders, Oct 2021 | 83 cases on record |
| Justice Dunphy | Ontario Superior Court of Justice | 2 orders, Jun 2021 | 93 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKPMG | Blake, Cassels & Graydon LLP · Norton Rose Fulbright Canada LLP | 27 Oct 2021 | Factum · 21 May 2022 |
| Applicant | Blake, Cassels & Graydon LLP | 29 Jun 2021 | Order · 29 Jun 2021 |
| CreditorAdd Capital Corp | Harrison Pensa LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorCannect International Mortgage Corporation | Fogler, Rubinoff LLP · Harrison Pensa LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorCascade TWT Inc | Davis Moldaver LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorCity of Hamilton | Davis Moldaver LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorEnersavings Inc | Devry Smith Frank LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorKSV Restructuring Inc | Aird & Berlis LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorLage Landen Financial Services Canada Inc | Millerthomsonllp | 9 Feb 2024 | Service list · 9 Feb 2024 |
| CreditorLegal Owners | Reconstruct LLP | 9 Feb 2024 | Service list · 9 Feb 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | American General Life Insurance Company, Lexington Insurance Company, and The Variable Annuity Life Insurance Company · in 2 casesMortgages over all Real Properties and general security agreements over all personal property of the Legal Owners — Applicants in the receivership application; amounts based on books and records of the Legal Owners, not confirmed by the Receiver; no legal opinion obtained on security — debtor: Legal Owners · as of 29 Jun 2021 | $70.1M | Notice and Statement of the Receiver dated July 9, 2021 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
73 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 plansRecoveriesAs declared or paid
Unsecured creditors: no distribution.EstimatedTrustees Preliminary Report - (2009 Long Lake et al) · 19 Oct 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Securedthe Applicants | American General Life Insurance Company, Lexington Insurance Company, and The Variable Annuity Life Insurance Company | — | a distribution | Finalper the receiver | Motion Record of the Receiver · 26 Jun 2023 |
| Unsecured | any other creditors of the Debtors | — | no distribution | Estimatedper the receiver | Trustees Preliminary Report - (2009 Long Lake et al) · 19 Oct 2022 |
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.
Estate financialsReported figures — never derived
Total assets at filing
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
81 filings
| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate dated July 22, 2026 | PDF · Subscribers | |
Service List as at February 9, 2024
| PDF · Subscribers | |
Discharge Order Endorsement dated July 5, 2023
| PDF · Subscribers | |
Discharge Order dated July 5, 2023
| PDF · Subscribers | |
Factum of the Receiver dated June 29, 2023 (Blake, Cassels and Graydon LLP)
| PDF · Subscribers | |
Factum of the Receiver dated June 29, 2023 (Norton Rose Fulbright Canada LLP)
| PDF · Subscribers | |
Fourth Report of the Receiver dated June 26, 2023
| PDF · Subscribers | |
Motion Record of the Receiver dated June 26, 2023
| PDF · Subscribers | |
Lift Stay Order Endorsement dated February 8, 2023
| PDF · Subscribers | |
Lift Stay Order dated February 8, 2023
| PDF · Subscribers | |
| Responding Motion Record of the Receiver dated January 24, 2023 | PDF · Subscribers | |
| Responding Report of the Receiver dated January 23, 2023 | PDF · Subscribers | |
Trustees Preliminary Report - (2009 Long Lake et al) dated October 19, 2022
| PDF · Subscribers | |
| Notice to Creditors (2009 Long Lake Holdings Inc) | PDF · Subscribers | |
| Notice to Creditors (65 Larch Holdings Inc) | PDF · Subscribers | |
| Receiver's Certificate dated September 23, 2022 (2009 Long Lake) | PDF · Subscribers | |
| Receiver's Certificate dated September 23, 2022 (65 Larch) | PDF · Subscribers | |
Trustees Preliminary Report - (Southmount et al.) dated September 15, 2022
| PDF · Subscribers | |
| Notice to Creditors (Southmount) | PDF · Subscribers | |
| Notice to Creditors (Vine Purchaser Co) | PDF · Subscribers | |
| Receiver's Certificate dated August 23, 2022 (35 Upper Centennial) | PDF · Subscribers | |
| Receiver's Certificate dated August 4, 2022 (180 Vine) | PDF · Subscribers | |
| Approval and Vesting Order dated July 15 2022 (180 Vine) | PDF · Subscribers | |
| Approval and Vesting Order dated July 15 2022 (2009 Long Lake) | PDF · Subscribers | |
| Approval and Vesting Order dated July 15, 2022 (35 Upper Centennial) | PDF · Subscribers | |
| Approval and Vesting Order dated July 15, 2022 (65 Larch Street) | PDF · Subscribers | |
| Distribution and Ancillary Matters Order dated July 15 2022 | PDF · Subscribers | |
Trustee's Preliminary Report (100 Colborne et al.) dated July 14, 2022
| PDF · Subscribers | |
| Motion Record of the Receiver dated July 5, 2022 | PDF · Subscribers | |
| Third Report of the Receiver dated July 5, 2022 | PDF · Subscribers | |
| Notice to Creditors (100 Colborne) | PDF · Subscribers | |
| Notice to Creditors (240 Penetang) | PDF · Subscribers | |
| Notice to Creditors (2478658 Ontario Ltd) | PDF · Subscribers | |
| Receiver's Certificate dated June 6, 2022 (100 Colborne) | PDF · Subscribers | |
| Receiver's Certificate dated June 1, 2022 (240 Penetang) | PDF · Subscribers | |
| Receiver's Certificate dated May 31, 2022 (849 Alexander) | PDF · Subscribers | |
Approval and Vesting Order dated May 24, 2022 (100 Colborne)
| PDF · Subscribers | |
Approval and Vesting Order dated May 24, 2022 (2009 Long Lake)
| PDF · Subscribers | |
Approval and Vesting Order dated May 24, 2022 (240 Penetanguishene)
| PDF · Subscribers | |
Approval and Vesting Order dated May 24, 2022 (65 Larch)
| PDF · Subscribers | |
Approval and Vesting Order dated May 24, 2022 (849 Alexander)
| PDF · Subscribers | |
Distribution and Ancillary Matters Order dated May 24, 2022
| PDF · Subscribers | |
| Revisions to the Motion Record of the Receiver dated May 24, 2022 | PDF · Subscribers | |
Joint Factum of the Receivers dated May 21 2022 (Norton Rose Fulbright Canada LLP)
| PDF · Subscribers | |
Joint Factum of the Receivers dated May 21, 2022 (Blake, Cassels and Graydon LLP)
| PDF · Subscribers | |
| Supplement to the Second Report of the Receiver dated May 20, 2022 | PDF · Subscribers | |
Supplementary Motion Record of the Receiver dated May 20, 2022
| PDF · Subscribers | |
| Notice of May 18, 2022 Town Hall | PDF · Subscribers | |
| Motion Record of the Receiver dated May 13, 2022 | PDF · Subscribers | |
| Second Report of the Receiver dated May 13, 2022 | PDF · Subscribers | |
| Court Approved Sale Process Procedure dated October 29, 2021 | PDF · Subscribers | |
Endorsement of Justice Koehnen regarding Broker Engagement, Sale Process & Ancillary Matters Order
| PDF · Subscribers | |
Order (Approval of Broker, Sale Process and Ancillary Matters) dated October 29, 2021
| PDF · Subscribers | |
Factum of the Receiver dated October 27, 2021
| PDF · Subscribers | |
| Motion Record of the Receiver dated October 22, 2021 | PDF · Subscribers | |
| First Report of the Receiver dated October 21, 2021 | PDF · Subscribers | |
Notice and Statement of the Receiver dated July 9, 2021
| PDF · Subscribers | |
Endorsement of Justice Dunphy dated June 29, 2021
| PDF · Subscribers | |
Receivership Appointment Order dated June 29, 2021
| PDF · Subscribers | |
Application Record dated June 18, 2021 - Part 1 of 7
| PDF · Subscribers | |
| Application Record dated June 18, 2021 - Part 2 of 7 | PDF · Subscribers | |
| Application Record dated June 18, 2021 - Part 3 of 7 | PDF · Subscribers | |
Application Record dated June 18, 2021 - Part 4 of 7
| PDF · Subscribers | |
| Application Record dated June 18, 2021 - Part 5 of 7 | PDF · Subscribers | |
| Application Record dated June 18, 2021 - Part 6 of 7 | PDF · Subscribers | |
Application Record dated June 18, 2021 - Part 7 of 7
| PDF · Subscribers | |
Pre-Filing Report of Proposed Receiver dated June 18, 2021
| PDF · Subscribers | |
| Proof of Claim (100 Colborne) | PDF · Subscribers | |
| Proof of Claim (2009 Long Lake Holdings Inc) | PDF · Subscribers | |
| Proof of Claim (240 Penetang) | PDF · Subscribers | |
| Proof of Claim (2478658 Ontario Ltd) | PDF · Subscribers | |
| Proof of Claim (65 Larch Holdings Inc) | PDF · Subscribers | |
| Proof of Claim (Southmount) | PDF · Subscribers | |
| Proof of Claim (Vine Purchaser Co) | PDF · Subscribers | |
| Proxy (100 Colborne) | PDF · Subscribers | |
| Proxy (2009 Long Lake Holdings Inc) | PDF · Subscribers | |
| Proxy (240 Penetang) | PDF · Subscribers | |
| Proxy (2478658 Ontario Ltd) | PDF · Subscribers | |
| Proxy (65 Larch Holdings Inc) | PDF · Subscribers | |
| Proxy (Southmount) | PDF · Subscribers | |
| Proxy (Vine Purchaser Co) | 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., “Receivership Proceedings of Southmount et al” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/southmount-et-al-receivership-proceedings