Triumph Development HK Bradford Twin Regency Inc.
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- File
- CV-22-00677227-00CL
- Industry
- Real estate
Triumph Development HK Bradford Twin Regency Inc. is under court-appointed receivership in the Ontario Superior Court of Justice (Commercial List), Court File No. CV-22-00677227-00CL, with BDO Canada Limited as receiver and the proceeding active since March 1, 2022. The receivership was sought by second mortgagee Prudent Excellence Mortgage Investment Corporation under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, following a demand letter of October 25, 2021 claiming $603,695 and a Notice of Sale dated November 4, 2021 for $622,135 under its second charge registered March 5, 2021. The property is also subject to a Vander Kooij vendor-take-back first mortgage, on which a Notice of Sale dated February 3, 2022 claimed $2,067,684.93 payable in full by March 10, 2022, and to construction liens registered by Delbrook Triumphant Builders Inc. ($1,404,036.78) and 10853828 Canada Inc. ($1,870,538.95), both of which Triumph disputes.
Supplementary Motion Record - Receiver - BDO Canada Limited - 10-JUL-2023 — Application / notice of application
Motion Record - Receiver - BDO Canada Limited - 30-JUN-2023 — Application / notice of application
Supplementary Motion Record - Receiver - BDO Canada Limited - 11-November-2022 — Application / notice of application
Motion Record - Receiver - BDO Canada Limited - 07-October-2022 — Application / notice of application
The court granted an approval and vesting order for the sale to 2792523 Ontario Inc. (in Trust). Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
Source: Approval and Vesting Order - Justice Cavanagh - 14-September-2022
Motion Record - Receiver - BDO Canada Limited - 08-September-2022 — Application / notice of application
Receivership order made Tuesday, March 1, 2022 by the Ontario Superior Court of Justice (Commercial List), commencing the proceeding under court file CV-22-00677227-00CL.
Source: Court Order Appointing Receiver
Prudent Excellence issued its Notice of Application seeking appointment of BDO Canada Limited as receiver under BIA s. 243(1) and Courts of Justice Act s. 101.
Debtor
Triumph Development HK Bradford Twin Regency Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 7 orders, Sep 2022 – Jul 2023 | 318 cases on record |
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Mar 2023 | 196 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Dec 2022 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Robins Appleby LLP | 14 Sep 2022 | Order · 1 Mar 2023 |
| Applicant | Chaitons LLP | 1 Mar 2022 | Order · 1 Mar 2022 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Vander Kooij (Leni Vander Kooij and Peter Vander Kooij)VTB Charge/Mortgage registered June 19, 2017 as instrument SC1421256, originally $2,795,000 principal, reduced to $2,000,000 principal per Agreement to Amend Charge (Vander Kooij Notice) registered June 20, 2019 as instrument SC1602179 — Vendor-take-back first mortgage; amount is per Notice of Sale dated February 3, 2022 requiring payment in full by March 10, 2022 — debtor: Triumph Development HK Bradford Twin Regency Inc. · as of 3 Feb 2022 | $2.07M | Application Record of the Plaintiff, Prudent Excellent Mortgage Investment Corporation dated February 22, 2022 |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
5 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Sale approvedApproval and Vesting Order - Justice Cavanagh - 14-September-2022 · 14 Sep 2022
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2792523 Ontario Inc. (in Trust)the Debtor's right, title, benefit and interest in the assets described in the Sale Agreement · asset sale · agreement 27 Jul 2022 | not stated | Approved14 Sep 2022 | Approval and Vesting Order - Justice Cavanagh -… |
Peter and Leni Vander Kooij: a distribution.FinalMotion Record - Receiver - BDO Canada Limited - 30-JUN-2023 · 7 Oct 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredVander Kooij (first mortgagee) | Peter and Leni Vander Kooij | — | final | Finalper the receiver | Motion Record - Receiver - BDO Canada Limited - 30-JUN-2023 · 7 Oct 2022 |
| SecuredPrudent (second mortgagee) | Prudent Excellence Mortgage Investment Corporation | — | interim | Finalper the receiver | Motion Record - Receiver - BDO Canada Limited - 30-JUN-2023 · 7 Oct 2022 |
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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
2023-07-12-Endorsement of Justice Cavanagh
| PDF · Subscribers | |
2023-07-12-Issued Order of Justice Cavanagh
| PDF · Subscribers | |
| Supplementary Motion Record - Receiver - BDO Canada Limited - 10-JUL-2023 | PDF · Subscribers | |
Motion Record - Receiver - BDO Canada Limited - 30-JUN-2023
| PDF · Subscribers | |
2023-03-01-Endorsement of Justice Penny.PDF
| PDF · Subscribers | |
2023-03-01-Order of Justice Penny
| PDF · Subscribers | |
2022-12-08-Endorsement of Justice Osborne
| PDF · Subscribers | |
2022-12-08-Order of Justice Osborne (Electronically Issued)
| PDF · Subscribers | |
Supplementary Motion Record - Receiver - BDO Canada Limited - 11-November-2022
| PDF · Subscribers | |
2022-10-21 Endorsement of Justice Cavanagh - CV-22-00677227-00CL
| PDF · Subscribers | |
| 2022-10-14-Supplementary-Endorsement-of-Justice-Cavanagh | PDF · Subscribers | |
Endorsement of Justice Cavanagh - 12-October-2022
| PDF · Subscribers | |
| Motion Record - Receiver - BDO Canada Limited - 07-October-2022 | PDF · Subscribers | |
Administration and Interim Distribution Order - Justice Cavanagh - 14-September-2022
| PDF · Subscribers | |
Approval and Vesting Order - Justice Cavanagh - 14-September-2022
| PDF · Subscribers | |
Endorsement - Justice Cavanagh - 14-September-2022
| PDF · Subscribers | |
Motion Record - Receiver - BDO Canada Limited - 08-September-2022
| PDF · Subscribers | |
Court Order Appointing Receiver
| PDF · Subscribers | |
Application Record of the Plaintiff, Prudent Excellent Mortgage Investment Corporation dated February 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., “Triumph Development HK Bradford Twin Regency Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/triumph-development-hk-bradford-twin-regency-inc