Ontario · Receivership (court-appointed)
Receiver's First Report
Court officer report · 20 January 2026
What we verified from this filing9 verified
- operational summaryThe Receiver determined that continuing to operate the Gas Station would not be profitable and elected not to continue operations during the receivership; instead it focused on marketing and selling the Arthur Property, ultimately entering into an agreement of purchase and sale now awaiting court approval.
- process resultsbids: 3 · ndas: 30 · note: 3,600 prospective purchasers/agents solicited via email blasts; 30 signed NDAs; 3 Initial Round Offers submitted as of the Offer Review Date · as of: 2025-11-03 · solicited: 3600 · qualified bids: 3
- professional feesnote: Comprising fees of $44,990.50, disbursements of $30,038.84 and HST of $9,753.81; A&B (counsel) fees separately requested at $26,549.84 (fees $22,830.50, disbursements $698.04, HST $3,021.30). · party: The Fuller Landau Group Inc. (Receiver) · amount: 84783.15 · period: January 28, 2025 to December 31, 2025 · currency: CAD
- purchaser14351011 Canada Inc.
- recovery outcomeentries: basis: estimated · quote: RBC is expected to suffer a shortfall on its claim even if the Transaction is completed. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC · creditor name: RBC · interim final: unstated · conditional on: even if the Transaction is completed · claims qualifier: unstated · table missing:
- report date21 January 2026
- report noFirst Report
- sale advisorAvison Young Commercial Real Estate Services, LP
- sale outcometext: Receiver recommends Court approve the APS and grant the proposed Approval and Vesting Order · scope: parcel · status: pending_approval