Ontario · Receivership (court-appointed)
Second Report of the Receiver – June 1, 2026
Court officer report · 1 June 2026
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What we verified from this filing11 verified
- cash on handnote: Estate balance per Interim SRD as at May 31, 2026; described as nominal cash in the estate · as at: 2026-05-31 · amount: 132 · currency: CAD · qualifier: approximately nominal
- disbursementsnote: Total disbursements per Interim SRD, prepared on a cash basis and does not reflect accrued and unpaid fees, expenses and other costs of the administration · since: Filing Date (December 17, 2025) · amount: 164799 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 513.08 · quote: The average hourly rate billed by the Receiver during the Period is $513.08. · scope: Receiver · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: SECOND REPORT OF ALBERT GELMAN INC. IN ITS CAPACITY AS RECEIVER AND MANAGER · context quote: in its capacity as receiver and manager (in such capacity, the ' Receiver '); form: report_table · rows: · money: approximate: false · period: kind: unstated · quote: Fees and Disbursements Summary of Robins Appleby LLP for the period from March up to · approval: state: unstated · averages: · currency: · invoices: · firm text: Robins Appleby LLP · firm quote: its counsel, Robins Appleby LLP (' RA ') · context quote: approving the fees and disbursements of the Receiver and its counsel, Robins Appleby LLP (' RA '), as set out in the First Report
- operational summaryThe Receiver is conducting a court-supervised sale process for the two commercial properties while managing significant obstruction from the debtors' principal, including disputes over a related-party tenant's lease, unremitted post-filing rent, and incomplete financial disclosure.
- process resultsnote: Marketing teaser distributed; engagement with multiple interested parties, no bids reported yet · as of: 2026-06-01 · solicited: 5000
- professional feesnote: Plus disbursements of approximately $2,632, both excluding HST and not yet approved by the Court; RA's fees for the period March 1, 2026 to May 20, 2026 totalled approximately $82,170 plus disbursements of approximately $3,110, also excluding HST · party: Receiver (Albert Gelman Inc.) · amount: 137763 · period: March 1, 2026 to May 31, 2026 · currency: CAD
- receipts cumulativenote: Total receipts per Interim SRD for the period from the Filing Date to May 31, 2026 · since: Filing Date (December 17, 2025) · amount: 164931 · currency: CAD
- report date1 June 2026
- report noSecond Report
- sale advisorCBRE Limited
- sale outcometext: The Sale Process has been commenced, with marketing underway and interest being solicited but no transaction yet identified · scope: whole_business · status: liquidation_in_progress