Ontario · Receivership (court-appointed)
Notice of Receiver
Notice of receiver (s. 245 / Form 87) · 24 June 2022
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 filing8 verified
- secured creditorsnote: Listed by the Receiver under “Secured Liabilities” in the Notice of Receiver and Receiver's Statement (ss.245(1) & 246(1) BIA), identified “based on the limited available books and records of the Debtor”. The document states a secured total of $7,673,557. · page: 1 · amount: 4012977 · debtor: 2589504 Ontario Inc. · creditor: Equitable Bank · currency: CAD · security: Listed under “Secured Liabilities”.
- secured creditorsnote: Named in the filing as Benjamin Kay, Iser Kay and Jack Kay, c/o Grant Thornton Limited. Listed by the Receiver under “Secured Liabilities” in the Notice of Receiver and Receiver's Statement (ss.245(1) & 246(1) BIA), identified “based on the limited available books and records of the Debtor”. The document states a secured total of $7,673,557. · page: 1 · amount: 3210580 · debtor: 2589504 Ontario Inc. · creditor: Individual secured creditors (c/o Grant Thornton Limited) · currency: CAD · security: Listed under “Secured Liabilities”.
- secured creditorsnote: Listed by the Receiver under “Secured Liabilities” in the Notice of Receiver and Receiver's Statement (ss.245(1) & 246(1) BIA), identified “based on the limited available books and records of the Debtor”. The document states a secured total of $7,673,557. · page: 1 · amount: 450000 · debtor: 2589504 Ontario Inc. · creditor: 2413974 Ontario Inc. · currency: CAD · security: Listed under “Secured Liabilities”.
- secured creditorsnote: Amount stated as “Unknown” — not a zero, and therefore not inside the stated $7,673,557 secured total. · page: 1 · debtor: 2589504 Ontario Inc. · creditor: Direct Capital Investments Inc. · currency: CAD · security: Listed under “Secured Liabilities”.
- secured creditorsnote: Amount stated as “Unknown” — not a zero, and therefore not inside the stated $7,673,557 secured total. · page: 1 · debtor: 2589504 Ontario Inc. · creditor: Bank of Nova Scotia – DLAC · currency: CAD · security: Listed under “Secured Liabilities”.
- secured creditorsnote: Amount stated as “Unknown” — not a zero, and therefore not inside the stated $7,673,557 secured total. · page: 1 · debtor: 2589504 Ontario Inc. · creditor: Canadian Dealer Lease Services Inc. · currency: CAD · security: Listed under “Secured Liabilities”.
- financial positionnote: The stated asset total of $5,382,463 is the property at 100 Sheppard Avenue West; a 2019 Jaguar XJ is listed at Net Book Value “Unknown” and is therefore outside the total. No liabilities total is stated: secured liabilities are stated at $7,673,557 (three of six entries “Unknown”) and preferred/unsecured at “Unknown”. · page: 2 · basis: Net Book Value, identified by the Receiver “based on the limited available books and records of the Debtor”. · scope: 2589504 Ontario Inc. (entity level) — property and assets identified by the Receiver under s.245 BIA · currency: CAD · total assets: 5382463
- unsecured creditorsnote: Amount stated as “Unknown” — not a zero. Crown claim (deemed-trust class where applicable). The Receiver's heading covers both statutory-priority and ordinary unsecured claims together, without splitting them, so no rank is asserted here. · page: 2 · basis: Listed by the Receiver under “Preferred and Unsecured Liabilities” in the Notice of Receiver and Receiver's Statement (ss.245(1) & 246(1) BIA). · debtor: 2589504 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD