Ontario · Receivership (court-appointed)

Application Record Returnable

Application / notice of application · 18 May 2018

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

secured creditorsnote: Second of two PPSA registrations against Debtor disclosed by search as at April 16, 2018; amount not stated · page: 14 · as of: 2018-04-16 · debtor: Bobcaygeon Shores Developments Ltd. · creditor: Ford Credit Canada Leasing · currency: CAD · security: PPSA registration against Debtor's personal property (equipment lease financing)
secured creditorsnote: Amended Commitment Letter (Aug 31, 2016) stated total Loan of $781,865.37 plus unpaid interest of $68,947.88 ($850,813.25 combined, prose approximation as of Aug 22/31, 2016); amount outstanding as of May 3, 2018 per demand is the exact dated balance. Personal guarantee of $4,000,000 provided by George Godwin (director/officer) - see note on guarantor. · page: 17 · as of: 2018-05-03 · amount: 970291.15 · debtor: Bobcaygeon Shores Developments Ltd. · creditor: Bank of Montreal · currency: CAD · security: First-ranking collateral charge (Instrument LT17451) against Property PIN 63137-0001(LT) securing principal sum of $5,000,000 (registration ceiling); General Security Agreement dated July 22, 2005 over all personal property, assets and undertaking (fixed/floating charge)