Ontario · Receivership (court-appointed)
Pre-Filing Receiver Report
Pre-filing report · 28 January 2026
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 filing2 verified
- secured creditorsnote: Surety, not a conventional secured lender; potential exposure under performance bonds; entered standstill agreement with NBC dated 2025-09-08; no balance amount stated · page: 6 · debtor: Brook Restoration Ltd. · creditor: Liberty Mutual Surety · currency: CAD · security: Performance/surety bonds under Construction Act (Ontario)
- secured creditorsnote: Stated as 'approximately $27.8 million'; guarantors include Corporate Guarantors and personal limited guarantors Geoffrey Grist and Pauline Grist (individuals - guarantee only, not a secured creditor entity); additional guarantors of NBC's indebtedness exist but are not subject of this application · page: 7 · as of: 2025-12-02 · amount: 27800000 · debtor: Brook Restoration Ltd. (guaranteed by EG 869 Rest Acres Ltd. and Swinfin Properties Inc.) · creditor: National Bank of Canada · currency: CAD · security: GSAs and Mortgages over the Real Property