Ontario · Receivership (court-appointed)
Application Record dated February 13, 2025
Application / notice of application · 13 February 2025
Also filed as: Application Record dated February 13, 2025
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What we verified from this filing2 verified
- secured creditorsnote: Additional creditor disclosed by PPSA search dated Feb 3, 2025; registration date April 23, 2008; amount not stated. · page: 13 · as of: 2008-04-23 · debtor: 1230172 Ontario Inc. · creditor: First National Financial GP Corporation · currency: CAD · security: PPSA registration
- secured creditorsnote: Outstanding indebtedness as at Dec 23, 2024 per NITES/demand; interest accruing thereafter at 6.09% per annum ($2,068.06 per diem per NITES). Also guaranteed personally by David Choo, principal of debtor, under Guarantee dated 2024-03-28 (personal guarantee). · page: 15 · as of: 2024-12-23 · amount: 12596663.8 · debtor: 1230172 Ontario Inc. · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: First ranking Charge/Mortgage registered 2024-03-28 as Instrument No. OC2678575 (principal sum $15,240,000.00 registered); General Security Agreement dated 2024-03-28 registered under PPSA 2024-03-26, Reg. No. 20240326 1005 1462 2066; General Assignment of Rents registered 2024-03-28 as Instrument No. OC2678576; Loan facility per Letter of Commitment dated 2024-03-01 was $12,700,000.00