Ontario · Bankruptcy
Trustee's Preliminary Report to Creditors dated January 5, 2026
Court officer report · 5 January 2026
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What we verified from this filing20 verified · 1 withheld
- applicantKingSett Mortgage Corporation
- appointeeKSV Restructuring Inc.
- appointee roletrustee in bankruptcy
- commencement date16 December 2025
- court file no31-3313965
- provinceONTARIO
- financial positionnote: According to the sworn Statement of Affairs, DT has minimal assets consisting of $16 in a bank account at National Bank of Canada. Unsecured creditors' claims total approximately $303 million per the sworn Statement of Affairs; no total-liabilities figure distinct from that is stated (PPSA registrants' amounts unstated). The Statement of Affairs itself (Appendix A, pages 5-11) is blank/unreadable in this extract. Trustee notes allegations of improper payments/unaccounted assets remain under review; unless material undisclosed assets are found, no distribution is expected for unsecured creditors. · page: 2 · basis: Sworn Statement of Affairs, as reported by the Trustee; creditor claims still to be proven · scope: Dino Taurasi (individual bankrupt) · currency: CAD · total assets: 16
- secured creditorsnote: Registration only - no secured claim amount stated. · page: 2 · debtor: Dino Taurasi · creditor: Firm Capital Mortgage Fund Inc. · currency: CAD · security: Two PPSA (Ontario) registrations against DT dated July 20, 2022 and December 15, 2022, per the Trustee's search certificate (currency date December 29, 2025); collateral not stated
- secured creditorsnote: Registration only - no secured claim amount stated. · page: 2 · debtor: Dino Taurasi · creditor: SCI Lease Corp · currency: CAD · security: PPSA (Ontario) registration against DT, registration date August 17, 2023, per the Trustee's search certificate (currency date December 29, 2025); collateral not stated
- secured creditorsnote: Registration only - no secured claim amount stated. DT advised that proceeds from real estate sales made under the April 2023 TD Settlement were also paid to Dorr Capital. · page: 2 · debtor: Dino Taurasi · creditor: Dorr Capital Corporation · currency: CAD · security: Five (5) PPSA (Ontario) registrations against DT with various registration dates commencing in July 2021, per the Trustee's search certificate (currency date December 29, 2025); collateral not stated
- secured creditorsnote: Registration only - no secured claim amount stated. TD Bank is separately listed as an unsecured creditor (approximately $37.5 million); the document states these in distinct capacities. · page: 2 · debtor: Dino Taurasi · creditor: Toronto-Dominion Bank · currency: CAD · security: PPSA (Ontario) registration against DT, registration date January 16, 2017, per the Trustee's search certificate (currency date December 29, 2025); collateral not stated
- secured creditorsnote: Registration only - no secured claim amount stated. · page: 2 · debtor: Dino Taurasi · creditor: Atrium Mortgage Corporation · currency: CAD · security: PPSA (Ontario) registration against DT, registration date April 11, 2022, per the Trustee's search certificate (currency date December 29, 2025); collateral not stated
- unsecured creditorsnote: Approximately $5.7 million as stated. Quasi-governmental claim (CRA), stated by the document as an unsecured liability arising from guarantees or director's liability regarding Stateview Group entity debts; the document does not characterize it as a deemed trust. · page: 2 · basis: Listed by the Bankrupt / sworn Statement of Affairs; claims still to be proven · amount: 5700000 · debtor: Dino Taurasi · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Approximately $177.2 million as stated. Liability in respect of guarantees provided by the Bankrupt or director's liabilities regarding debts owing by Stateview Group entities subject to the Receivership Proceedings. · page: 2 · basis: Listed by the Bankrupt / sworn Statement of Affairs; claims still to be proven · amount: 177200000 · debtor: Dino Taurasi · creditor: Tarion Warranty Corporation · currency: CAD
- unsecured creditorsnote: Approximately $37.5 million as stated. Liability in respect of guarantees provided by the Bankrupt or director's liabilities regarding Stateview Group entity debts. DT advised that proceeds from real estate sales made under the April 2023 TD Settlement were also paid to MCO. · page: 2 · basis: Listed by the Bankrupt / sworn Statement of Affairs; claims still to be proven · amount: 37500000 · debtor: Dino Taurasi · creditor: MCO Management Inc. · currency: CAD
- unsecured creditorsnote: Approximately $37.5 million as stated. Relates to an alleged 'cheque kiting' scheme perpetrated by the Stateview Group resulting in a loss to TD of approximately $37.5 million; DT and others entered a court-approved settlement with TD in April 2023 under which DT sold his residence and other real estate and paid proceeds to TD. TD also holds a PPSA registration against DT (see secured entry) - distinct capacities as stated by the document. · page: 2 · basis: Listed by the Bankrupt / sworn Statement of Affairs; claims still to be proven · amount: 37500000 · debtor: Dino Taurasi · creditor: Toronto-Dominion Bank · currency: CAD
- unsecured creditorsnote: Approximately $21 million as stated. Liability in respect of guarantees provided by the Bankrupt or director's liabilities regarding Stateview Group entity debts. · page: 2 · basis: Listed by the Bankrupt / sworn Statement of Affairs; claims still to be proven · amount: 21000000 · debtor: Dino Taurasi · creditor: Meridian Credit Union Ltd. · currency: CAD
- unsecured creditorsnote: Approximately $21 million as stated. Liability in respect of guarantees provided by the Bankrupt or director's liabilities regarding Stateview Group entity debts. KingSett filed the bankruptcy application (July 30, 2025) and has provided the Trustee with $50,000 as security for the Trustee's fees and costs. · page: 2 · basis: Listed by the Bankrupt / sworn Statement of Affairs; claims still to be proven · amount: 21000000 · debtor: Dino Taurasi · creditor: KingSett Mortgage Corporation · currency: CAD
- unsecured creditorsnote: The document states the listed unsecured creditors' potential claims total approximately $303 million in aggregate; only the six 'major' creditors above are named individually. Remaining creditors are not named and no separate amount is stated for them - no amounts summed or computed. · page: 2 · basis: Listed by the Bankrupt / sworn Statement of Affairs; claims still to be proven · debtor: Dino Taurasi · creditor: Other unsecured creditors (unnamed, per Statement of Affairs) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Unless the Trustee determines there are material undisclosed assets or actions available to the estate, no distribution can be expected for the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 303000000 · interim final: unstated · conditional on: Unless the Trustee determines there are material undisclosed assets or actions available to the estate · claims qualifier: listed · stated on: 2026-01-05 · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.