#Filing
Motion Record of Sales Officer returnable January 5, 2024 (Discharge) — Application / notice of application
Stephen Moranis et al.
ActiveFollow
- Proceeding
- Court officerCJA s. 101 / Judicature Acts — sales, restructuring, monitoring officers outside BIA/CCAA
- File
- CV-21-00670947-00CL
OverviewSummary updated
Stephen Moranis is the subject of proceedings in the Ontario Superior Court of Justice, file CV-21-00670947-00CL, brought by Monica Mary Caverson, in which Rosen Goldberg Inc. was appointed sales officer over interests in the Tiny Properties at 82, 86 and 88 East Beach Road, Tiny, Ontario. Romspen Investment Corporation holds a $3.5 million first mortgage over those properties, bearing interest at 12% per annum compounded monthly and unpaid since the interest reserve was exhausted; Alleghe Mortgage Fund Ltd. holds a second mortgage of $172,218. A proposal filed May 10, 2022, under which Moranis was to pay Pollard & Associates Inc. $833,900 for pro rata distribution to unsecured creditors, was unanimously accepted on June 3, 2022, and the final payment was confirmed received on June 23, 2023.
Proceedings AIOpen Proceedings AI
Case updates7 dated entries
#Sale
The court granted an approval and vesting order for the sale to 1000561992 Ontario Inc., 1000612113 Ontario Inc. Closing terms, as extracted: Vesting is effective upon delivery of the Sales Officer's Certificate to both purchasers. Sealed: Confidential Appendices 1, 2, 3 and 4 to the First Report and Confidential Appendix 1 to the Supplemental Report (including the Sale Agreement), sealed until the Transaction is completed or further order of the Court.
#Filing
Motion Record of Sales Officer returnable August 1, 2023 — Application / notice of application
#Order
An interim order was granted on Friday, July 22, 2022 in the proceeding Monica Mary Caverson brought in file CV-21-00670947-00CL.
Parties
Debtor
Stephen Moranis et al.
Restructuring officer
Rosen Goldberg
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Jul 2022 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Karp Litigation Professional Corporation | 22 Jul 2022 | Order · 22 Jul 2022 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Romspen Investment Corporation · in 17 casesFirst mortgage over interests in the Tiny Properties (82/86/88 East Beach Road, Tiny, ON) and second mortgage over Caverson's residence at 58 South Drive, Toronto (Rosedale Property), behind Home Trust's first mortgage — Approved loan amount per commitment letter dated May 25, 2022; described as 'first mortgage of $3.5 million' as of report date. Purchaser under APS is an affiliate of Romspen (related party). Interest accruing at 12% per annum, compounded monthly, unpaid since interest reserve exhausted. — debtor: Monica Mary Caverson and Stephen Michael Moranis | $3.5M | Motion Record of Sales Officer returnable August 1, 2023 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
3 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 plansSale processAs stated in the filings
2 transactions · 2 approved — Court approved the Transaction and the Sales Officer's execution of the Sale Agreement for the Caverson-Moranis Parcel and the Family Parcels; vesting takes effect on delivery of the Sales Officer's CertificateApproval and Vesting Order dated August 1, 2023 · 1 Aug 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1000561992 Ontario Inc.all of the right, title and interest of Monica Mary Caverson and Stephen Michael Moranis in and to the Caverson-Moranis Parcel · real property · agreement 19 Jun 2023 | Subscribers | Approved1 Aug 2023 | Approval and Vesting Order dated August 1, 2023 |
| 1000612113 Ontario Inc.all of the right, title and interest of Betty Dale, Harvey Joseph Dale, Monica Mary Caverson and Stephen Michael Moranis in and to the Family Parcels · real property · agreement 19 Jun 2023 | Subscribers | Approved1 Aug 2023 | Approval and Vesting Order dated August 1, 2023 |
Closing termsVesting is effective upon delivery of the Sales Officer's Certificate to both purchasersApproval and Vesting Order dated August 1, 2023
Sealed materialsConfidential Appendices 1, 2, 3 and 4 to the First Report and Confidential Appendix 1 to the Supplemental Report (including the Sale Agreement), sealed until the Transaction is completed or further order of the CourtApproval and Vesting Order dated August 1, 2023
Documents6 filings
| Date | Document | File |
|---|---|---|
| Motion Record of Sales Officer returnable January 5, 2024 (Discharge) | PDF · Subscribers | |
Approval and Vesting Order dated August 1, 2023
| PDF · Subscribers | |
Motion Record of Sales Officer returnable August 1, 2023
| PDF · Subscribers | |
Endorsement of Justice Koehnen dated June 28, 2023
| PDF · Subscribers | |
Endorsement of Justice Osborne dated July 22, 2022
| PDF · Subscribers | |
Sales Officer Appointment Order dated July 22, 2022
| 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., “Stephen Moranis et al.” (Court officer), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/stephen-moranis-et-al