Ontario · Receivership (court-appointed)
First Report to Court of the Receiver, dated September 15, 2014
Court officer report · 15 September 2014
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What we verified from this filing3 verified
- secured creditorsnote: Court-created priority charges, not a pre-filing creditor claim; borrowing ceiling $750,000, not an outstanding balance. · page: 39 · as of: 2013-12-20 (Receivership Order) · debtor: Fairview Nursing Home Limited · creditor: BDO Canada Limited, as Receiver (Receiver's Charge / Receiver's Borrowings Charge) · currency: CAD · security: Court-ordered first charge on Property for fees/disbursements (Receiver's Charge) and fixed/specific charge for borrowings up to $750,000 (Receiver's Borrowings Charge), ranking ahead of all other security interests but Receiver's Charge senior to Borrowings Charge
- secured creditorsnote: Related-party/manager security (Responsive Security ordered subordinate per Receivership Order paras 23-24); registered charge amount, not confirmed outstanding balance. · page: 68 · as of: 2014-02-26 · debtor: Fairview Nursing Home Limited · creditor: Responsive Health Management Inc. · currency: CAD · security: Charge (AT3527775) registered 2014/02/26 for $800,000, subordinate to Receiver's Charge, TD security and Receiver's Borrowings Charge
- secured creditorsnote: Registered principal/charge amount is $1,500,000; outstanding balance not stated in these pages. Prior 1988 charge shown discharged, not current security. · page: 68 · as of: Second Forbearance Agreement · debtor: Fairview Nursing Home Limited · creditor: The Toronto-Dominion Bank · currency: CAD · security: Charge (AT2450748) registered 2010/07/19 for $1,500,000 plus General Assignment of Rents; prior charge (CT994474, 1988) discharged 2012/09/05