Ontario · Receivership (court-appointed)
Application Record returnable August 4, 2022
Application / notice of application · 29 July 2022
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
- applicantC & K MORTGAGE SERVICES INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-22-00684807-00CL
- provinceONTARIO
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and section 101 of the Courts of Justice Act, R.S.O. 1990 c. C.43
- secured creditorsnote: Subordinate in priority to the Applicant's charge; principal amount stated is registered charge amount, not necessarily current outstanding balance; also holds letter of credit ($50,000) per Assignment and Assumption Agreement · page: 7 · debtor: 2781774 Ontario Inc. · creditor: Parkland Corporation · currency: CAD · security: Subordinate-ranking charge in the principal amount of $150K registered against the Property
- secured creditorsnote: Per diem interest of $1,001.15 accruing as of the stated date; principal amount of $4M is the original loan principal, not the outstanding balance · page: 31 · as of: 2022-07-05 · amount: 4227444.415 · debtor: 2781774 Ontario Inc. · creditor: C & K Mortgage Services Inc. (o/a Rescom Capital) · currency: CAD · security: First-ranking charge/mortgage, first-ranking general assignment of rents, general security agreement; loan principal amount $4,000,000 (matured December 1, 2021)
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.