Ontario · Receivership (court-appointed)
Second Supplement to the Receiver’s Fourth Report to the Court dated September 1, 2026
Court officer report · 1 September 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 filing7 verified
- unsecured creditorsnote: Approximation as of appointment date; does not include Betty's Law claims which are itemized separately; document also details over $1 million in arrears itemized in BIA Notice (see individual entries) · page: 12 · as of: 2023-03-16 (time of Receiver's appointment) · basis: Endorsement stating Co-op 'owed approximately $1.1 million to its unsecured creditors, not including amounts now claimed by the lawyers for the Board, Betty's Law' · amount: 1100000 · debtor: Harry Sherman Crowe Housing Co-operative Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Unsecured pre-receivership creditor; court inferred $23,355.66 in retainer funds applied to reduce balance owing to $11,200.50; Board later reduced ask to $15,400; related-party/counsel claim · page: 20 · as of: invoices for work January 1 - March 14, 2023 · basis: Invoices 1123, 1124, and 1251 relied on by the Board in its funding motion · amount: 34556.16 · debtor: Harry Sherman Crowe Housing Co-operative Inc. · creditor: Betty's Law Office (pre-Appointment Order fees/disbursements) · currency: CAD
- financial positionnote: Figures in $000's per table header, converted; total liabilities exceed total assets, meaning accumulated deficit of $241,000 as at June 30, 2025; comparative years also disclosed (2022: assets $8,809,000/liabilities $9,449,000; 2023: assets $7,853,000/liabilities $7,973,000; 2024: assets $7,036,000/liabilities $7,209,000); auditor disclaimed opinion on FY2023 statements citing going concern uncertainty · page: 36 · as at: 2025-06-30 · basis: Co-op's annual audited financial statements (clean auditor opinion for FY2024 and FY2025) · scope: entity - Harry Sherman Crowe Housing Co-operative Inc. · currency: CAD · total assets: 6067000 · total liabilities: 6136000
- unsecured creditorsnote: Pre-receivership arrears; amount stated as 'over $18,000'; floor figure · page: 85 · as of: NOI filing date (S. 245/246 BIA Notice) · basis: Notice and Statement of the Receiver pursuant to S. 245/246 of the BIA · amount: 18000 · debtor: Harry Sherman Crowe Housing Co-operative Inc. · creditor: Enbridge Gas · currency: CAD
- unsecured creditorsnote: Pre-receivership arrears; amount stated as '$22,000' · page: 85 · as of: NOI filing date (S. 245/246 BIA Notice) · basis: Notice and Statement of the Receiver pursuant to S. 245/246 of the BIA · amount: 22000 · debtor: Harry Sherman Crowe Housing Co-operative Inc. · creditor: H&S Building Supplies · currency: CAD
- unsecured creditorsnote: Pre-receivership arrears; amount stated as 'over $680,000'; floor figure · page: 85 · as of: NOI filing date (S. 245/246 BIA Notice) · basis: Notice and Statement of the Receiver pursuant to S. 245/246 of the BIA · amount: 680000 · debtor: Harry Sherman Crowe Housing Co-operative Inc. · creditor: York University (water, electricity, property taxes) · currency: CAD
- unsecured creditorsnote: Pre-receivership arrears; amount stated as 'over $225,000'; floor figure · page: 85 · as of: NOI filing date (S. 245/246 BIA Notice) · basis: Notice and Statement of the Receiver pursuant to S. 245/246 of the BIA · amount: 225000 · debtor: Harry Sherman Crowe Housing Co-operative Inc. · creditor: Sinai Plumbing · currency: CAD