Ontario · Receivership (court-appointed)
First Report
Court officer report · 16 February 2024
Also filed as: Copy of First Report; Copy of First Report
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified · 5 withheld
- commencement date16 February 2024
- secured creditorsnote: Approximate amount, plus costs and interest; identified as 'the secured creditor' for 61 Osborne Lane/Christel Lane properties · page: 5 · as of: 2024-02-06 · amount: 738824.18 · debtor: 2290998 Ontario Inc. · creditor: Richard Vaidotas Paukstaitis · currency: CAD · security: Mortgage
- secured creditorsnote: For legal fees and costs as assessed · page: 5 · as of: 2024-02-06 · amount: 100000 · debtor: 2290998 Ontario Inc. · creditor: Bruce Marks · currency: CAD · security: Mortgage
- secured creditorsnote: Approximate amount · page: 5 · as of: 2024-02-06 · amount: 475000 · debtor: 2290998 Ontario Inc. · creditor: Jack McGee · currency: CAD · security: Mortgage
- secured creditorsnote: Approximate amount · page: 5 · as of: 2024-02-06 · amount: 170000 · debtor: 2290998 Ontario Inc. · creditor: Benjamin Chambers · currency: CAD · security: Mortgage
- secured creditorsnote: Approximate amount, for legal fees · page: 5 · as of: 2024-02-06 · amount: 150000 · debtor: 2290998 Ontario Inc. · creditor: Lexassist Management Inc. · currency: CAD · security: Mortgage
- secured creditorsnote: Stated as approximate combined total obligation under various loan agreements and Security per Application Record; not a sum of individual mortgages; includes personal guarantee liability of related-party guarantors (M. Beach and G. Beach) · page: 5 · as of: 2024-02-06 · amount: 4701443 · debtor: 1073650 Ontario Inc., 1324789 Ontario Inc. and 2290998 Ontario Inc. jointly with Martha Beach and Gary Beach (the Bankrupts) · creditor: Majority Creditors (Heliotrope Investment Corporation, Magenta Waterfront Development Corporation, Canadian Western Trust) · currency: CAD · security: Various mortgages and security instruments per Exhibits A (132 ONT) and B (229 ONT) of the Receivership Application Record
- secured creditorsnote: Unremitted HST collected to the date of the Receivership; deemed trust / priority claim ranking ahead of secured creditors · page: 12 · as of: 2024-02-16 · amount: 49243.22 · debtor: 1073650 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD
5 extracted values are 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.