Ontario · Receivership (court-appointed)
Second Report of the Receiver dated October 16, 2025
Court officer report · 16 October 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- report date16 October 2025
- report noSecond Report
- operational summaryThe Receiver conducted a Sale Process launched September 16, 2025 with a Teaser sent to 179 potential purchasers; six parties signed NDAs but no LOIs were submitted by the October 13, 2025 deadline, so the APS with Aggregated Investments Inc. (Purchase Price $34,220,000) was deemed the Successful Bid; the Receiver recommends Court approval of the Transaction via an AVO and a Distribution Order to pay Professional Fees, repay Osmington's Receiver's Borrowing Charge advance, and distribute remaining proceeds to Osmington up to its secured indebtedness.
- professional feesparty: KSV Restructuring Inc. (Receiver) · amount: 163635.75 · period: commencement of the receivership proceedings to September 30, 2025 · currency: CAD · excludes: disbursements and HST; party: Paliare Roland Rosenberg Rothstein LLP · amount: 32892.5 · period: through to October 9, 2025 · currency: CAD · excludes: disbursements and HST
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2025-06-30 · kind: invoice · quote: for the period ending June 30, 2025 · approval: state: unstated · averages: rate: 661.15 · quote: The average hourly rate of the Receiver and Paliare Roland for the referenced period was $661.15 and $828.50, respectively. · scope: the Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. · context quote: KSV Restructuring Inc. (' KSV ') was appointed as receiver and manager (the ' Receiver ') of the real property located at 175-199 Essa Road, Barrie and 50 Wood Street, Barrie; form: prose · rows: · money: approximate: false · period: end: 2025-10-09 · kind: invoice · quote: FOR PROFESSIONAL SERVICES RENDERED on this matter for the period ending October 9, 2025: · approval: state: unstated · averages: rate: 828.5 · quote: The average hourly rate of the Receiver and Paliare Roland for the referenced period was $661.15 and $828.50, respectively. · scope: Paliare Roland · currency: · invoices: · firm text: Paliare Roland · firm quote: Paliare Roland · context quote: The average hourly rate of the Receiver and Paliare Roland for the referenced period was $661.15 and $828.50, respectively.