#Order
Court Order of Justice Horvat dated July 28, 2026 (Ancillary and Discharge Order) — Discharge order
Winthorp Valentine Inc.
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-25-00035404-0000
Filings held7
Last activity28 Jul 2026
On the record370 days
Secured debt$1.55M
OverviewSummary updated
Winthorp Valentine Inc. is the subject of a court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) under court file CV-25-00035404-0000. The proceeding is closed. The Toronto-Dominion Bank, the secured creditor, has stated indebtedness of CAD $1,546,397.64 as at June 1, 2026, a figure that excludes professional fees and is subject to accruing interest and costs. TD's security consists of a first-ranking charge and mortgage over the real property, in the principal amount of $2.5 million, together with an assignment of rents and a general security agreement. TD is expected to suffer a shortfall.
Proceedings AIAsk this case — answers cite the filings
Case updates7 dated entries
#Sale
Court Order of Justice Horvat dated July 28, 2026 (Approval and Vesting Order) — Approval and vesting order
#Filing
Motion Record of the Receiver (for motion returnable July 28, 2026) — Application / notice of application
#Report
The officer filed a report. Court file CV-25-00035404-0000.
Source: First Report of the Receiver dated July 9, 2026 (for motion returnable July 28, 2026)
AnalysisAll insights
Outcome brief
Winthorp Valentine: once a month, not once every 72 hours
Thieves broke into a vacant Windsor building for its copper and left a fire behind. The insurer refused the claim because the pre-receivership manager had been inspecting monthly, and on July 28 Justice Horvat approved a sale that leaves TD Bank short.
Parties
Debtor
Winthorp Valentine Inc.
Receiver
Albert Gelman
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank (TD Bank) · in 111 casesFirst-ranking mortgage/charge over the Real Property (original principal amount $2.5 million), plus assignment of rents and a general security agreement (GSA); registered on PPSA as the only financing statement (search dated Sept 16, 2025, currency Sept 15, 2025); security opinion obtained confirming validity/enforceability as first-ranking charge — Amount per statement of indebtedness provided by TD Bank; plus accrued and accruing interest and costs; TD Bank expected to suffer a shortfall — debtor: Winthorp Valentine Inc. · as of 1 Jun 2026 | $1.55M | First Report of the Receiver dated July 9, 2026 (for motion returnable July 28, 2026) |
| 4 | Secured | City of Windsor · in 6 casesUnpaid property tax arrears (statutory municipal tax lien) — Per tax certificate provided to Receiver; ranks as a prior-ranking claim to be paid on closing ahead of TD Bank distribution — debtor: Winthorp Valentine Inc. · as of 3 Jun 2026 | $46.1K | First Report of the Receiver dated July 9, 2026 (for motion returnable July 28, 2026) |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of First Report date (July 9, 2026) — Document names no individual creditors; approximate figure as reported by J. Arvinitis (executor of former director's estate); no expectation of distribution to unsecured creditors given TD Bank shortfall — debtor: Winthorp Valentine Inc. | $750K | First Report of the Receiver dated July 9, 2026 (for motion returnable July 28, 2026) |
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 stated in the filings
Unsecured creditors: no distribution. TD Bank short.EstimatedFirst Report of the Receiver dated July 9, 2026 (for motion · 9 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | any other secured or unsecured creditors | — | no distribution | Estimatedper the receiver | First Report of the Receiver dated July 9, 2026 (for motion · 9 Jul 2026 |
| Secured | TD Bank | — | shortfall | Estimatedper the receiver | First Report of the Receiver dated July 9, 2026 (for motion · 9 Jul 2026 |
| Unsecured | — | $750Kestimated | no distribution | Estimatedper the receiver | First Report of the Receiver dated July 9, 2026 (for motion · 9 Jul 2026 |
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.
Fees and ratesAs stated in the filings
2 engagements · 2 firms — latest: Albert Gelman Inc., —, $95,110.50 in feesFirst Report of the Receiver dated July 9, 2026 (for motion · 9 Jul 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Albert Gelman Inc.Receiver | — | 193.9 | $95,110.50 | $490.51stated average | First Report of the Receiver dated July 9, 2026 (for motion · 9 Jul 2026 |
| SZKcapacity not stated | — | 24.5 | $15,142.50ex. tax | $618.06stated average | First Report of the Receiver dated July 9, 2026 (for motion · 9 Jul 2026 |
Documents7 filings
| Date | Document | File |
|---|---|---|
Court Order of Justice Horvat dated July 28, 2026 (Ancillary and Discharge Order)
| ||
| Court Order of Justice Horvat dated July 28, 2026 (Approval and Vesting Order) | ||
Endorsement of Justice Horvat dated July 28, 2026
| ||
Motion Record of the Receiver (for motion returnable July 28, 2026)
| ||
First Report of the Receiver dated July 9, 2026 (for motion returnable July 28, 2026)
| ||
| Endorsement – September 16, 2025 | ||
| Order (Appointing Receiver) – September 16, 2025 | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Winthorp Valentine Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/winthorp-valentine-inc