Ontario · Receivership (court-appointed)
Motion record of the Receiver returnable August 25, 2026
Application / notice of application · 25 August 2026
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What we verified from this filing10 verified
- secured creditorsnote: Aggregate indebtedness as of Jan 31, 2025, not including professional fees; remains outstanding as of Fourth Report. First-in-time secured creditor on all Real Properties. · page: 16 · as of: 2025-01-31 · amount: 3417933 · debtor: B4R Properties Group – SSM Inc. and 15465737 Canada Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Collateral mortgages registered against thirteen (13) Real Properties in Sault Ste. Marie and Sudbury, Ontario, plus assignments of rent for each Real Property
- secured creditorsnote: Component of Desjardins Indebtedness by property; sale proceeds did not exceed this amount (shortfall). · page: 22 · as of: 2025-01-31 · amount: 293995 · debtor: 15465737 Canada Inc. / B4R Properties Group – SSM Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. (306 Kathleen Property) · currency: CAD · security: Collateral mortgage, registered principal amount $420,000, plus Assignment of Rents
- secured creditorsnote: Component of Desjardins Indebtedness by property; sale proceeds did not exceed this amount (shortfall). · page: 22 · as of: 2025-01-31 · amount: 241299 · debtor: B4R Properties Group – SSM Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. (266 Albert Property) · currency: CAD · security: Collateral mortgage, registered principal amount $300,000, plus Assignment of Rents
- secured creditorsnote: Component of Desjardins Indebtedness by property; sale proceeds did not exceed this amount (shortfall). · page: 22 · as of: 2025-01-31 · amount: 217165 · debtor: B4R Properties Group – SSM Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. (270 Albert Property) · currency: CAD · security: Collateral mortgage, registered principal amount $270,000, plus Assignment of Rents
- secured creditorsnote: Component of Desjardins Indebtedness by property; sale proceeds did not exceed this amount (shortfall). · page: 22 · as of: 2025-01-31 · amount: 405318 · debtor: B4R Properties Group – SSM Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. (252 Bloor Property) · currency: CAD · security: Collateral mortgage, registered principal amount $570,000, plus Assignment of Rents
- secured creditorsnote: Component of Desjardins Indebtedness by property; contemplated sale price does not exceed this amount. · page: 22 · as of: 2025-01-31 · amount: 307995 · debtor: 15465737 Canada Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. (4 Lansdowne Property) · currency: CAD · security: Collateral mortgage, registered principal amount $440,000, plus Assignment of Rents
- secured creditorsnote: Registered PPSA/land registry security interest disclosed in sub-search; subordinate to Desjardins' first-in-time mortgage per security opinion. · page: 83 · as of: 2023-12-05 · debtor: B4R Properties Group – SSM Inc. · creditor: 2035881 Ontario Inc. · currency: CAD · security: Notice of Security Interest, registered amount $7,700 (registered against 266 Albert Property)
- secured creditorsnote: Municipal tax certificate registered post-appointment of receiver; opinion states must be paid prior to Desjardins on closing, i.e., ranks ahead of Desjardins. · page: 83 · as of: 2026-04-08 · amount: 9856 · debtor: B4R Properties Group – SSM Inc. · creditor: The Corporation of the City of Sault Ste. Marie · currency: CAD · security: Tax arrears certificate registered against 266 Albert Property and 270 Albert Property
- fee scheduleengagements: form: prose · rows: · money: fees: quote: for a total of $25,628.00 before disbursements and applicable taxes · amount: 25628 · approximate: false · period: end: 2026-07-31 · kind: invoice · quote: The Receiver's fees from January 1, 2026, to July 31, 2026 · start: 2026-01-01 · approval: state: unstated · averages: rate: 495.71 · quote: an average hourly rate of $495.71 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: FOURTH REPORT TO THE COURT SUBMITTED BY BDO CANADA LIMITED IN ITS CAPACITY AS RECEIVER OF B4R PROPERTIES GROUP - SSM INC. AND 15465737 CANADA INC. · hours total: quote: comprise 51.7 hours at an average hourly rate of $495.71 · value: 51.7 · context quote: in its capacity as Receiver of B4R Properties Group - SSM Inc. and 15465737 Canada Inc.; form: prose · rows: · money: approximate: false · period: end: 2026-07-07 · kind: invoice · quote: for the period from February 4 th 2026 to July 7 th 2026 · start: 2026-02-04 · approval: state: unstated · averages: rate: 520 · quote: The average hourly rate charge by professionals at SZK is $520. · currency: · invoices: · firm text: Spetter Zeitz Klaiman PC · firm quote: I am a lawyer with Spetter Zeitz Klaiman PC ('SZK'), who acts as counsel for Harris & Partners Inc., in its capacity as CourtAppointed Receiver of the Respondents · context quote: who acts as counsel for Harris & Partners Inc., in its capacity as CourtAppointed Receiver of the Respondents
- recovery outcomeentries: basis: estimated · quote: Desjardins, as the fulcrum creditor that will suffer a shortfall under its mortgage loan, supports the 4 Lansdowne Sale Transaction. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Desjardins · creditor name: Caisse Desjardins Ontario Credit Union Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The sale prices achieved for each of the Sold Properties, as reported previously in the Second Report and Third Report, were not in excess of the outstanding loan amounts and thus Desjardins has suffered a shortfall on each property. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Desjardins · creditor name: Caisse Desjardins Ontario Credit Union Inc. · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-13 · table missing: