Vandyk - Backyard Humberside Limited

Vandyk – Backyard Humberside Limited is the subject of a court-appointed receivership in the Ontario Superior Court of Justice under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, commenced March 5, 2024 and now closed. Home Trust Company holds the first-ranking charge, registered as Instrument No. AT5416487 in the principal amount of $10.0 million together with a general security agreement dated April 17, 2020, and demanded $10,145,007.92 in principal and interest, excluding fees and legal costs, by demand letter and section 244 notice dated January 8, 2024. Kay Family Investments Inc. and 2233651 Ontario Limited rank second and third on registered principal amounts of $2.0 million and $2.20 million respectively, each subordinated to the lender's charge by postponements registered April 28, 2020, followed by Haleemah Muhammad on a $1.15 million charge. Live Patrol Inc. registered a construction lien of $9,473.75.