Ontario · Receivership (court-appointed)
Second Report of the Receiver dated March 12, 2026
Court officer report · 12 March 2026
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What we verified from this filing13 verified
- report date12 March 2026
- report noSecond Report
- operational summaryThe Receiver's activities since the First Report included corresponding with CBRE regarding the Sale Process, corresponding with Cameron Stephens and Goodmans, corresponding with KPMG and Debtors' representatives, maintaining the VDR, corresponding regarding maintenance at Receivership Properties, corresponding regarding the Motor Vehicles and Vehicle Liquidations, corresponding with CRA to open sales tax accounts, responding to inquiries from Attersley Project purchasers, corresponding with Tarion Warranty Corporation's counsel, and preparing this Second Report.
- professional feesamount: 140349 · entity: KSV Restructuring Inc. (Receiver) · currency: CAD; amount: 153565 · entity: Goodmans LLP · currency: CAD
- cash on handminimal cash on hand
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2026-02-28 · kind: invoice · quote: For the Period from November 13, 2025 to February 28, 2026 · start: 2025-11-13 · approval: state: unstated · averages: rate: 729.09 · quote: The average hourly rate of the Receiver is $729.09. · scope: the Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. · context quote: appointing KSV Restructuring Inc. (' KSV ') as the receiver (the ' Receiver '); form: report_table · rows: · money: fees: quote: giving rise to fees totalling $153,565 · amount: 153565 · total: quote: together with costs and taxes in the amount of $22,246.66, totaling $175,811.66 · amount: 175811.66 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-02-28 · kind: invoice · label: Relevant Period · quote: for the period from November 17, 2025 to February 28, 2026, inclusive (the ' Relevant Period ') · start: 2025-11-17 · approval: state: unstated · averages: rate: 751.3 · quote: at an average hourly rate of $751.30 · scope: Goodmans, weighted average for the entire billing period · currency: · invoices: · firm text: Goodmans · firm quote: Goodmans · hours total: quote: Goodmans expended a total of 204.40 hours · value: 204.4 · context quote: the accounts (the ' Goodmans Accounts ') to the Receiver for the period from November 17, 2025 to February 28, 2026, inclusive (the ' Relevant Period ')
- operational summaryThe Debtors' properties are raw development lands with no employees and minimal cash on hand; the Receiver is conducting a court-approved sale process for the properties, has agreed to sell the Twinview Property, and is liquidating certain motor vehicles.
- professional feesnote: Goodmans LLP (Receiver's counsel) fees for the same general period total $153,565; both figures exclude disbursements and HST · party: KSV Restructuring Inc. (Receiver) · amount: 140349 · period: November 13, 2025 to February 28, 2026 · currency: CAD
- purchaserSaddlebrook Preserve Inc.
- report date12 March 2026
- report noSecond Report
- sale advisorCBRE Limited; Infinity Asset Solutions Inc.
- sale outcometext: recommended sale of the Twinview Property by the Receiver to Saddlebrook Preserve Inc., pending Court approval · scope: parcel · status: pending_approval