T4G Properties Incorporated

T4G Properties Incorporated became bankrupt on 21 November 2025, with Raymond Chabot Inc. appointed trustee. The statement of affairs, as stated and estimated by the bankrupt as at 21 November 2025, reports assets of $1.00 against liabilities of $2,303,831.77 and a deficiency in the same amount, and attributes the failure to default on mortgage payments after tenant income proved insufficient against rising costs. Caisse Desjardins Ontario Credit Union Inc., the mortgagee, holds $1,043,133.62 of the $1,429,735.99 in secured claims and had obtained the appointment of Raymond Chabot Inc. as receiver on 22 May 2025. Unsecured claims total $874,095.78.