Ontario · Receivership (court-appointed)
Notice & Statement of the Receiver dated May 30, 2025
Notice to creditors · 30 May 2025
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What we verified from this filing18 verified
- secured creditorsnote: Prose states owed 'approximately $31.39 million as of April 4, 2025'; exact figure of $31,390,662.00 appears in the Receiver's preliminary list of creditors as at May 20, 2025 (Appendix A). Interest and costs continue to accrue. · page: 1 · as of: 2025-04-04 · amount: 31390662 · debtor: Green World Construction Inc. · creditor: Osmington (Wood Street) Inc. and 2106580 Ontario Inc. (collectively, "Osmington") · currency: CAD · security: Charge on title to the Property (175-199 Essa Road and 50 Wood Street, Barrie) registered April 14, 2022 in the registered amount of $48.03 million (registration ceiling, not the outstanding balance)
- secured creditorsnote: Loan is subordinated and postponed in favour of Osmington's loan pursuant to a subordination agreement dated April 14, 2022 among Osmington, MarshallZehr, the Debtor and Digram Developments, as guarantor (guarantee - related party not itself a creditor here). Interest and costs continue to accrue. Exact balance of $12,712,188.21 taken from Appendix A preliminary list of creditors as at May 20, 2025. · page: 2 · as of: 2025-05-20 · amount: 12712188.21 · debtor: Green World Construction Inc. · creditor: MarshallZehr Group Inc. · currency: CAD · security: Charge on title to the Property registered April 14, 2022 in the registered amount of $13.30 million (registration ceiling, not the outstanding balance)
- financial positionnote: Total is the sum of Total Secured Creditors ($44,102,850.21) and Total Unsecured Creditors ($32,662,044.88) as stated in Appendix A. The Receiver states: 'The Receiver was not provided a copy of the financial statements from the Debtor and accordingly the book value of the assets is not available' (page 1), so total_assets is not stated. · page: 4 · as at: 2025-05-20 · basis: Preliminary list of creditors (unaudited), based on books and records of Green World Construction Inc.; balances preliminary, subject to change and may differ from creditors' records · scope: Green World Construction Inc. (the Debtor) · currency: CAD · total liabilities: 76764895.09
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 4745600 · debtor: Green World Construction Inc. · creditor: Tor Construction Limited · currency: CAD
- unsecured creditorsnote: Municipality; document does not designate this claim as preferred. · page: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 787137.54 · debtor: Green World Construction Inc. · creditor: City of Barrie · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 174327 · debtor: Green World Construction Inc. · creditor: Soil Engineers Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 84871.02 · debtor: Green World Construction Inc. · creditor: Loopstra Nixon · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 38350.79 · debtor: Green World Construction Inc. · creditor: Innovative Planning Solutions · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 21470 · debtor: Green World Construction Inc. · creditor: Wellington Dupont Canada Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 19772.71 · debtor: Green World Construction Inc. · creditor: Caliber Communications · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 7684.5 · debtor: Green World Construction Inc. · creditor: SGL Planning & Design Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 6384.5 · debtor: Green World Construction Inc. · creditor: ISM Architects · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 3073.6 · debtor: Green World Construction Inc. · creditor: Azimuth Environmental Consulting Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 2440.8 · debtor: Green World Construction Inc. · creditor: Kuntz Forestry Consulting Inc. · currency: CAD
- unsecured creditorsnote: Foreign creditor (Hong Kong). · page: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 1700 · debtor: Green World Construction Inc. · creditor: BEZIERCG LIMITED · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 1128.59 · debtor: Green World Construction Inc. · creditor: Counterpoint Engineering · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 593.25 · debtor: Green World Construction Inc. · creditor: BA Consulting Group · currency: CAD
- unsecured creditorsnote: Individual creditor, not a guarantor. · page: 4 · as of: 2025-05-20 · basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · amount: 26767510.58 · debtor: Green World Construction Inc. · creditor: Mohsin Masood · currency: CAD