Ontario · Receivership (court-appointed)

First Report as Receiver

Court officer report · 14 July 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 filing1 verified

secured creditorsnote: Prose approximation elsewhere in receiver's reports states balance 'approximately $9.7 million plus accrued interest and other related enforcement costs' as at Dec 31, 2024 (First Report para 8, p.5; IR Report para 46, p.73); exact dated balance of $9,714,370 as at Dec 31, 2024 taken from Justice Osborne's endorsement. Lenders are also partners (passive investors) in the Debtor - related party. Independent legal opinion from Jaffe & Peritz LLP confirmed this security is valid and enforceable (IR Report para 42, p.72). · page: 37 · as of: 2024-12-31 · amount: 9714370 · debtor: The Canadian Group o/a TCG Toys (Ontario partnership) · creditor: 816877 Ontario Limited and S.H. Ganz Holdings Inc. (the Applicants/"Lenders") · currency: CAD · security: Pair of general security agreements dated March 8, 2013; also promissory notes payable on demand