Ontario · Receivership (court-appointed)
First Report of the Receiver dated May 9, 2025.pdf
Court officer report · 9 May 2025
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 filing2 verified
- financial positionnote: Per para 15 (p.5/original p.8): Courtney Simpson advised that apart from proceeds from sale of Wyndance, 'the Company and the Simpsons had no other assets.' No information regarding books and records or names of creditors of the Company was provided. Receiver states no secured creditor claims against the Property/funds were identified other than the (discharged/paid-out) secured creditor on Wyndance, which 'was paid out on closing before the Receiver's involvement' (original p.8) - this is a discharged mortgage, not a current secured claim, and is not listed as a current secured creditor. · page: 8 · basis: Company/Simpsons advised they had no other assets apart from Wyndance sale proceeds; no books/records/creditor names provided · scope: Wynn Realty Corporation and the Simpsons personally · currency: CAD
- secured creditors