Ontario · Receivership (court-appointed)
Supplement to the Fourth Report of the Receiver dated October 8, 2025
Court officer report · 8 October 2025
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What we verified from this filing7 verified
- cash on handnote: Combined balance across Barakaa, Lerrato and 214 estates per statement of receipts and disbursements · as at: 2025-10-08 · amount: 82810 · currency: CAD
- disbursementsnote: Combined disbursements across Barakaa, Lerrato and 214 for the period October 21, 2024 to October 8, 2025 · since: October 21, 2024 · amount: 7253192 · currency: CAD
- operational summaryThe Receiver is completing construction deficiencies at the Doric Development (Cranswick Towns) via a construction manager, with no units yet sold or marketable pending completion, and requires an increase in its borrowing limit from $1.2 million to $1.7 million to fund completion and receivership costs.
- professional feesnote: Combined across Barakaa, Lerrato and 214; legal fees and disbursements reported separately at $248,598 · party: Receiver (KSV Restructuring Inc.) · amount: 422022 · period: October 21, 2024 to October 8, 2025 · currency: CAD
- receipts cumulativenote: Combined receipts across Barakaa, Lerrato and 214 for the period October 21, 2024 to October 8, 2025 · since: October 21, 2024 · amount: 7336002 · currency: CAD
- report date8 October 2025
- report noSupplement to the Fourth Report