Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 9 January 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 filing10 verified
- applicantC & K MORTGAGE SERVICES INC. o/a RESCOM CAPITAL
- courtONTARIO SUPERIOR COURT OF JUSTICE
- court file noCV-25-00000128-0000
- statutory basisSUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c. B-3, AS AMENDED, AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, c. C.43, AS AMENDED
- commencement date9 January 2025
- secured creditorsnote: Letter dated March 11, 2024 demands payment of full mortgage principal of $480,000 plus interest, penalties and legal costs; amount stated is principal, not inclusive of accrued interest/penalties/costs which are unquantified · page: 18 · as of: 2024-03-11 · amount: 480000 · debtor: 1000032146 Ontario Inc. · creditor: 2009339 Ontario Inc. · currency: CAD · security: Third Charge/Mortgage of Land registered June 1, 2022 as Instrument No. HA78916; principal $480,000
- secured creditorsnote: Approx. $2.4 million stated in application/prose; exact balance as at Nov 25, 2024 is $2,408,909.21 including interest, fees and costs. · page: 19 · as of: 2024-11-25 · amount: 2408909.21 · debtor: 1000032146 Ontario Inc. · creditor: C & K Mortgage Services Inc. o/a Rescom Capital · currency: CAD · security: Charge/Mortgage of Land registered April 26, 2022 (Instrument No. HA78207), principal $2,200,000; Assignment of Rents registered April 26, 2022 (Instrument No. HA78208); General Security Agreement dated April 8, 2022
- secured creditorsnote: Registered principal, not a stated outstanding balance · page: 19 · debtor: 1000032146 Ontario Inc. · creditor: Shell Canada Limited · currency: CAD · security: Second Charge/Mortgage of Land registered April 27, 2022 as Instrument No. HA78220; registered principal amount $120,000
- unsecured creditorsnote: Utility arrears as stated in tax certificate · page: 19 · as of: 2024-12-05 · basis: Tax certificate as at December 5, 2024 · amount: 2138.94 · debtor: 1000032146 Ontario Inc. · creditor: Township of Minden Hills (utility arrears) · currency: CAD
- unsecured creditorsnote: Property tax arrears including $783.15 of penalties and miscellaneous charges; municipal taxes typically preferred but document does not characterize priority · page: 19 · as of: 2024-12-05 · basis: Tax certificate as at December 5, 2024 · amount: 16880.11 · debtor: 1000032146 Ontario Inc. · creditor: Township of Minden Hills · currency: CAD