Proceedings.

Textbook Ross Park Inc. et al.

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Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Ontario Superior Court of Justice
File
CV-16-11567-00CL
Industry
Real estate · Residential development
Filings held53
Last activity31 Mar 2026
On the record3,081 days
Secured debtSubscribers
OverviewSummary updated

Textbook Ross Park Inc. et al. are in a court-appointed receivership commenced on 30 May 2018 in the Ontario Superior Court of Justice, under section 243 of the Bankruptcy and Insolvency Act. The Superintendent of Financial Services applied, and KSV Kofman Inc. was appointed receiver and manager. Secured claims stated against the property include $54,231,000 held by trust companies as trustee corporation and $13,596,000 held by syndicated mortgage investors. The proceeding is carried on court files CV-16-11567-00CL and CV-17-11689-00CL.

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Case updates55 dated entries
#Report

The officer filed report no. Supplement to Eighteenth Report. The receiver reports that all payments under the Mareva settlement agreement have been made following court approval on May 2, 2019, and recommends lifting the Mareva Order, consolidating the Original and Expanded Actions, and amending the Statement of Claim to drop injunctive relief against the Davies defendants.

Source: Supplement to Third Report of the Receiver dated May 23, 2019

#Report

The officer filed report no. Eighteenth Report. The report concerns approval of a settlement of the Mareva injunction issues with the Mareva Defendants, under which 72.5% of the remaining Arizona sale proceeds go to the Receiver (to be shared with the Trustee) and 27.5% to Mr. Davies, with the Mareva Order lifted and the appeal dismissed on consent. No releases are granted, and the Receiver recommends a Court order approving the settlement.

Source: Third Report of the Receiver dated April 24, 2019

#Report

The officer filed report no. Supplement to the Sixteenth Report. The supplement reports that the Receiver was served with a second production order from the Brampton Court requiring bank statements and financial information for the Parent Companies and MC Burlington, and recommends the Court authorize and direct compliance with it, and authorize compliance with future production orders.

Source: Supplement to the Second Report of the Receiver dated April 9, 2019

#Order

Order of the Commercial List, dated Wednesday, the 30th day of May, 2018, appointed KSV Kofman Inc. receiver on the Superintendent of Financial Services' application.

Source: Receivership Order dated May 30, 2018

#Order

Receivership order made Wednesday, May 30, 2018, placing McMurray Street Investments Inc. under a court-appointed receiver in the Commercial List proceeding bearing file CV-16-11567-00CL.

Source: Receivership Order dated May 30, 2018

Parties

Debtor

McMurray Street Investments Inc.

Debtor

Textbook (774 Bronson Avenue) Inc.

Debtor

Textbook Ross Park Inc.

Receiver

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice HaineyOntario Superior Court of Justice8 orders, Jan 2019 – May 2021211 cases on record
Justice ConwayOntario Superior Court of Justice4 orders, Sep 2025310 cases on record
Justice MyersOntario Superior Court of Justice3 orders, May 2018117 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorGrant Thornton LimitedAird & Berlis LLP · Bennett Jones LLP2 May 2019Order · 2 May 2019
CreditorJohn Davies, Judith Davies and Aeolian Investments LtdDentons Canada LLP31 Jan 2019Order · 31 Jan 2019
CreditorKSV Kofman IncBennett Jones LLP15 Apr 2019Application · 9 Apr 2019
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
SecuredTrustee Corporations (collectively; monies raised from Investors through syndicated mortgage investments)Loans advanced on a secured basis pursuant to Loan Agreements between the Trustee Corporations and the Receivership Companies. The Trustee Corporations were to have first-ranking security on each developer's property, except Ross Park, Bronson and 445 Princess, where they were to have second-ranking security behind existing mortgages; the Loan Agreements permit subordination in limited situations, such as to Tarion Warranty Corporation (page 54 footnote). — Principal amounts owed, excluding interest and fees (page 53 footnote); part of stated total borrowings of approximately $119.940 million $93.7MSecond Report of the Receiver dated February 11, 2019
Secured
Secured
Secured
Secured
Secured
Secured
Secured
Secured
Secured

22 more claims in 1 class The stack holds Secured claims.

Every creditor and every amount, drawn to scale.

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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.

RecoveriesAs declared or paid

Guildwood: paid in full.Supplement to Third Report of the Receiver · 23 May 2019

ClassCreditorClaimsRecoveryBasisSource
class not placedGuildwood SMIGuildwood—paid in fullper the receiverSupplement to Third Report of the Receiver · 23 May 2019
class not placedHazelton SMIHazelton—paid in fullFinalper the receiverSupplement to Third Report of the Receiver · 23 May 2019

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

Cash on hand

$828K USD

As at 24 Apr 2019Third Report of the Receiver dated April 24, 2019

Documents
53 filings
DateDocumentFile
Ninth Report of the Receiver dated March 31, 2026PDF · Subscribers
Ancillary Order dated September 9, 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Endorsement of Justice Conway dated September 9, 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Joint Order re Stewart and Harris Settlement Approval dated September 9, 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Receiver's Activity and Fee Approval Order dated September 9, 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Eighth Report of the Receiver dated August 28, 2025PDF · Subscribers
Seventh Report of the Receiver dated April 12, 2023PDF · Subscribers
Ancillary Order dated May 13, 2021
  • Presiding officer Justice Hainey
PDF · Subscribers
Court Order dated May 13, 2021
  • Presiding officer Justice Hainey
PDF · Subscribers
Settlement Approval Order dated May 13, 2021PDF · Subscribers
Settlement Approval Order re Elliott Defendants dated May 13, 2021
  • Presiding officer Justice Hainey
PDF · Subscribers
Sixth Report of the Receiver dated May 5, 2021 - Part 1 of 3PDF · Subscribers
Sixth Report of the Receiver dated May 5, 2021 - Part 2 of 3PDF · Subscribers
Sixth Report of the Receiver dated May 5, 2021 - Part 3 of 3PDF · Subscribers
Ancillary Order dated July 14, 2020PDF · Subscribers
Endorsement of Justice Hainey dated July 14, 2020
  • Presiding officer Justice Hainey
PDF · Subscribers
Settlement Approval Order dated July 14, 2020PDF · Subscribers
Fifth Report of the Receiver dated July 2, 2020PDF · Subscribers
Joint Book of Authorities of the Trustee and Receiver returnable July 14, 2020PDF · Subscribers
Joint Factum of the Trustee and Receiver returnable July 14, 2020PDF · Subscribers
Motion Record of the Trustee returnable July 14, 2020PDF · Subscribers
Ancillary Order dated November 18, 2019PDF · Subscribers
Endorsement of Justice Hainey dated November 18, 2019
  • Presiding officer Justice Hainey
PDF · Subscribers
Motion Record of the Trustee returnable November 18, 2019PDF · Subscribers
Settlement Approval Order dated November 18, 2019PDF · Subscribers
Joint Book of Authorities of the Trustee and Receiver dated November 5, 2019PDF · Subscribers
Joint Factum of the Trustee and Receiver dated November 5, 2019PDF · Subscribers
Fourth Report of the Receiver dated November 1, 2019
PDF · Subscribers
Book of Authorities returnable May 29, 2019PDF · Subscribers
Factum of the Moving Parties returnable May 29, 2019PDF · Subscribers
Motion Record of the Moving Parties for a Motion returnable May 29, 2019PDF · Subscribers
Supplement to Third Report of the Receiver dated May 23, 2019
  • Operational summary The receiver reports that all payments under the Mareva settlement agreement have been made following court approval on May 2, 2019, and recommends lifting the Mareva Order, consolidating the Original and Expanded Actions, and amending the Statement of Claim to drop injunctive relief against the Davies defendants.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Settlement Approval Order dated May 2, 2019
  • Counsel Brookfield Place AIRD & BERLIS LLP
  • Presiding officer Justice Hainey
PDF · Subscribers
Book of Authorities of the Moving Parties for a Motion returnable May 2, 2019PDF · Subscribers
Factum of the Moving Parties for a Motion returnable May 2, 2019PDF · Subscribers
Motion Record of the Moving Parties returnable May 2, 2019PDF · Subscribers
Third Report of the Receiver dated April 24, 2019
  • Operational summary The report concerns approval of a settlement of the Mareva injunction issues with the Mareva Defendants, under which 72.5% of the remaining Arizona sale proceeds go to the Receiver (to be shared with the Trustee) and 27.5% to Mr. Davies, with the Mareva Order lifted and the appeal dismissed on consent. No releases are granted, and the Receiver recommends a Court order approving the settlement.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Court Order dated April 15, 2019
  • Presiding officer Justice Hainey
PDF · Subscribers
Motion Record returnable April 15, 2019
  • Counsel Bennett Jones LLP
PDF · Subscribers
Supplement to the Second Report of the Receiver dated April 9, 2019
  • Operational summary The supplement reports that the Receiver was served with a second production order from the Brampton Court requiring bank statements and financial information for the Parent Companies and MC Burlington, and recommends the Court authorize and direct compliance with it, and authorize compliance with future production orders.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Second Report of the Receiver dated February 11, 2019
  • Appointee KSV Kofman Inc.
  • Appointee role Receiver and Manager
  • Commencement date 2 February 2017
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • + 4 more extracted facts
PDF · Subscribers
Court Order dated January 31, 2019
  • Counsel Dentons Canada LLP
PDF · Subscribers
Endorsement of Justice Penny dated January 31, 2019PDF · Subscribers
Court Order dated dated January 18, 2019
  • Presiding officer Justice Hainey
PDF · Subscribers
Endorsement of Justice Hainey dated January 18, 2019PDF · Subscribers
First Report of the Receiver dated January 16, 2019
  • Appointee KSV Kofman Inc.
  • Appointee role Receiver and Manager
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-17-11689-00CL
  • + 3 more extracted facts
PDF · Subscribers
Court Order dated May 30, 2018Trustee site
Court Order dated May 30, 2018Trustee site
Court Order dated May 30, 2018Trustee site
Endorsement of Justice Myers dated May 30, 2018
  • Presiding officer Justice Myers
PDF · Subscribers
Endorsement of Justice Myers dated May 30, 2018 Settlement Approval
  • Presiding officer Justice Myers
PDF · Subscribers
Receivership Order dated May 30, 2018
  • Applicant THE SUPERINTENDENT OF FINANCIAL SERVICES
  • Appointee KSV Kofman Inc.
  • Commencement date 30 May 2018
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • + 2 more extracted facts
PDF · Subscribers
Settlement Approval Order dated May 30, 2018
  • Presiding officer Justice Myers
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., “Textbook Ross Park Inc. et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/textbook-ross-park-inc

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Sources last checked · summary updated 3 September 2026 · Report a correction · Printed from proceedings.ca/case/textbook-ross-park-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.

Textbook Ross Park Inc. et al. — Receivership | Proceedings.