Ontario · Receivership (court-appointed)
Application Response of KingSett to the Monitor's Application dated October 1, 2026
Application / notice of application · 1 October 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 filing1 verified
- secured creditorsnote: Interim financing facility borrowing limit $1,000,000 to $7,500,000 is a facility limit, not a balance. Symphony Homes (Wayburne) Ltd. added as borrower under the facility by amending agreement dated July 31, 2026. · page: 2 · debtor: Petitioners (Symphony Homes entities) · creditor: KingSett Mortgage Corporation · currency: CAD · security: Described as the Petitioners' senior secured creditor; also provides the Interim Financing Facility (DIP), with the borrowing limit increased from $1,000,000 to $7,500,000 under the proposed Borrowing Increase (a facility limit, not an outstanding balance). Pre-filing secured balance not stated on these pages.