Ontario · Receivership (court-appointed)
Second Report of the Receiver dated January 7, 2026
Court officer report · 7 January 2026
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: the Receiver made an interim distribution to First Source in the amount of $100,000 at First Source's request. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 100000 · cumulative: false · amount high: 100000 · class label: First Source · creditor name: First Source · interim final: interim · claims qualifier: unstated; basis: unstated · quote: distribute to First Source any remaining funds in the Receiver's trust account after filing with the Court the Receiver's Discharge Certificate. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · cumulative: false · class label: First Source · creditor name: First Source · interim final: unstated · conditional on: any and all remaining unpaid fees and disbursements of the Receiver and its counsel, and GBCS' final invoice for completion of the Additional Work paid first · claims qualifier: unstated; basis: unstated · quote: On the basis that the Penetanguishene Transaction contemplates a credit bid scenario and there will be no proceeds of sale from the closing of the Penetanguishene Property, the Receiver has not requested of Robins Appleby LLP that it opine on the validity, enforceability and priority of the second mortgagee's charge against the Penetanguishene Property. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: second mortgagee · interim final: unstated · claims qualifier: unstated · stated on: 2026-01-07 · table missing: