Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated September 23, 2026
Application / notice of application · 23 September 2026
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 filing10 verified
- applicantTHE LAWRENCE PHOENIX INC.
- appointeeAlixPartners Restructuring, Inc.
- appointee roleCourt-Appointed Receiver
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00000313-0000
- statutory basissubsection 243(1) of 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: Report states TLP was owed 'approximately $13.72 million' (the TLP Indebtedness); interest and costs continue to accrue. The $15.2M collateral charge is a registration amount, not the balance. RBC did not assign approximately $2 million of the amount owing under the 253 Credit Agreement and retained a $3.55 million joint and several personal guarantee from Ms. Agustin and Mr. Smith (separate proceedings between RBC, the Debtor and Ms. Agustin). Related guarantors: Ms. Agustin (sole officer/director of Debtor) and Mr. Smith. · page: 20 · as of: 2026-07-08 · amount: 13720000 · debtor: 2531961 Ontario Inc. · creditor: The Lawrence Phoenix Inc. (TLP) · currency: CAD · security: Assignee from RBC (Assignment Agreement June 5, 2026) of the 253 GSA, a $15.2 million Collateral Charge on the Real Property, a $1 million 253 Guarantee re TNT International Leasing Inc., and the Assigned Indebtedness; TLP is the debtor's senior secured creditor
- secured creditorsnote: Only other creditor with a registered security interest; the Receiver has no further information on 256 or its charge. Amount not stated. · page: 24 · debtor: 2531961 Ontario Inc. · creditor: 2560361 Ontario Inc. · currency: CAD · security: General security interest, subordinate to TLP's security
- unsecured creditorsnote: Deemed trust (quasi-governmental) claim; as_of is the date the claim was received, not a stated balance date. · page: 24 · as of: 2026-09-16 · basis: Deemed trust claim for unremitted HST for certain filing periods between December 2020 and December 2024, received by the Receiver September 16, 2026 · amount: 90525 · debtor: 2531961 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Basis for the charges unexplained; Consortia asserts through Mr. Sklar they were granted under an alleged joint venture agreement with the Debtor, which was never produced. Granted one day before the July 16, 2026 case conference and not disclosed to the Court. Validity and any advance of funds unverified; the Receiver says Consortia's connection to the Real Property is unknown. The Service List shows Consortia as a party with counsel. · page: 27 · as of: 2026-07-15 · debtor: Real Property (charges granted by Melania Agustin) · creditor: Consortia Equity Capital Limited · currency: CAD · security: Two charges of $5 million and $40 million (the Consortia Charges) registered July 15, 2026 against title to the Real Property; these are registered charge amounts, not outstanding balances