St. Gaspar’s Investment Corp. and St. Gaspar’s Development Corp.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-26-00000250-0000
- Industry
- Real estate
St. Gaspar's Investment Corp. and St. Gaspar's Development Corp. are subject to a court-appointed receivership obtained by their first mortgagee, Hillmount Capital Mortgage Holdings Inc., under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The mortgages at issue matured on December 1, 2025 and were not repaid. Hillmount, which holds first mortgage security over the Lot Properties, the Plunkett Property and the Millwick Property, among other security, states its debt at $17,132,108.47 as at June 1, 2026, plus ongoing interest, fees and expenses. The receivership remains active.
Motion Record of the Receiver returnable August 7, 2026 — Application / notice of application
Debtor
St. Gaspar’s Investment Corp. and St. Gaspar’s Development Corp.
Receiver
Zeifmans
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 1 order, Jun 2026 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantHillmount Capital Mortgage Holdings Inc | Thornton Grout Finnigan LLP | 19 Jun 2026 | Order · 19 Jun 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Hillmount Capital Mortgage Holdings Inc. · in 8 casesFirst mortgage (the "Mortgages") on the Lot Properties, the Plunkett Property, and the Millwick Property, among other security — Mortgages matured December 1, 2025 and were not repaid by the Debtors; amount stated plus ongoing interest, fees, and expenses — debtor: St. Gaspar's Investment Corp. and St. Gaspar's Development Corp. · as of 1 Jun 2026 | $17.1M | Motion Record of the Receiver returnable August 7, 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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
| Endorsement | Trustee site | |
| Order (Advice and Direction) | Trustee site | |
| Order (Occupancy Termination) | Trustee site | |
Motion Record of the Receiver returnable August 7, 2026
| PDF · Subscribers | |
Court Order
| 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., “St. Gaspar’s Investment Corp. and St. Gaspar’s Development Corp.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/st-gaspar-s-investment-corp-and-st-gaspar-s-development-corp