Sussman Mortgage Funding Inc. (SMFI) et al.

Sussman Mortgage Funding Inc., together with 2486976 Ontario Inc. and 1981361 Ontario Inc., is in a court-appointed receivership under BIA section 243 and Ontario's Judicature Act, commenced May 2, 2025 in the Superior Court of Justice (Commercial List). As at March 31, 2025, the Receiver reported entity-level total assets of $2,187,598.82 on a net book value basis, based on information not yet reviewed or verified. Secured claims total $45,316,309.97, dominated by a $45,170,044.17 claim from Logpin Investments Limited, with smaller balances owed to Toronto Dominion Bank, VW Credit Canada, Tesla Motors Canada, Toyota Credit Canada and TD VISA. Unsecured claims include a CRA deemed-trust claim of $186,767.23, a $798,747.64 claim from related entity Mortgage Funding Building Inc., and numerous trade and individual creditors, with the overall unsecured total reported as unknown.