Ontario · Receivership (court-appointed)
First Report of the Receiver dated May 13, 2026
Court officer report · 13 May 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified · 1 withheld
- report date13 May 2026
- report noFirst
- secured creditorsnote: Debtor's principal secured creditor and only known registered secured creditor as at the date of the Receivership Order (March 13, 2026); amount is approximate, inclusive of accrued interest to Jan 30, 2026, with interest and fees continuing to accrue · page: 5 · as of: 2026-01-30 · amount: 16940000 · debtor: English Lane Homes Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Construction Loan Facility (principal initially $43,169,500, subsequently reduced to $42,112,270) and LC Facility (principal initially $700,000, subsequently increased to $1,866,310), pursuant to Offer of Financing dated November 23, 2022
- secured creditorsnote: Per 2025 tax certificate obtained by Desjardins; taxes, interest and charges continue to accrue · page: 5 · as of: 2025-12-02 · amount: 82987 · debtor: English Lane Homes Inc. · creditor: Property tax authority (municipal property taxes) · currency: CAD · security: Statutory lien for property tax arrears
- unsecured creditorsnote: Approximate amount; document names no individual unsecured creditors · page: 5 · as of: date of the Receivership Order · basis: According to the Debtor's books and records · amount: 37000 · debtor: English Lane Homes Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- operational summaryThe Receiver's activities included corresponding with Desjardins' counsel and the Debtor's counsel, reviewing receivership application materials, obtaining information on the Real Property, opening a receivership bank account, preparing and conducting an RFP process to select a realtor, negotiating the Listing Agreement with JLL, drafting the Notice and Statement of the Receiver, corresponding with Tarion regarding Pre-Construction Agreements, and drafting this Report and motion materials.
- sale outcometext: Receiver conducting a sale process for the Real Property via listing agreement with a real estate broker; no transaction reported as completed yet · scope: parcel · status: liquidation_in_progress
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.