Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 10 March 2025
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 filing10 verified
- applicantCAISSE DESJARDINS ONTARIO CREDIT UNION INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00089290-0000
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended; and section 101 of the Courts of Justice Act, R.S.O. 1990, c.C.43, as amended
- appointeeBDO CANADA LIMITED
- appointee roleProposed Receiver
- secured creditorsnote: Listed on the service list under the heading 'Secured Creditors'; no amount, debtor entity, or security details provided on the pages reviewed. · page: 2 · creditor: 2035881 Ontario Inc. (c/o Reliance Home Comfort) · currency: CAD
- commencement date10 March 2025
- secured creditorsnote: Total stated as 'aggregate indebtedness' as of Jan 31, 2025, comprising: Loan 725792-PR-1 $1,382,478.48 plus Loan 725792-PR-2 $931,519.20 (excludes ongoing interest accrual, legal fees, disbursements and HST). 13 Ferguson Collateral Mortgage was discharged as of Jan 17, 2025 following sale of that property. Personal guarantor is an individual, not a company. · page: 30 · as of: 2025-01-31 · amount: 2313997.68 · debtor: 15465737 Canada Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Collateral mortgages and assignments of rents over 156 Central Park Ave, 167 John St, 306 Kathleen St (Sudbury), 36 Wallace Terrace, 4 Lansdowne Ave (First Loan 725792-PR-1); 13 Ferguson Ave, 157 Church St, 252 Bloor St (Sudbury), 651 Wallace Terrace (Second Loan 725792-PR-2); Ontario PPSA registration File No. 501370389, Reg. No. 20231220 1031 1901 5442; personal guarantee of Alexandre Mongeon-Lambert dated December 12, 2023 limited to $2,685,000.00 principal and interest
- secured creditorsnote: Total stated as 'aggregate indebtedness' as of Jan 31, 2025, comprising: 270 Albert Collateral Mortgage $217,165.34; 36 Cathcart Collateral Mortgage $114,615.40; 660 Queen Collateral Mortgage $204,095.93; 266 Albert Collateral Mortgage $241,299.08; 182-184 Woodward Collateral Mortgage $326,759.16 (excludes ongoing interest accrual, legal fees, disbursements and HST). Personal guarantor is an individual (Alexandre Mongeon-Lambert), not a company. · page: 30 · as of: 2025-01-31 · amount: 1103934.91 · debtor: B4R Property Group - SSM Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Collateral mortgages and assignments of rents over 270 Albert St E, 36 Cathcart St, 660 Queen St W, 266 Albert St E and 182-184 Woodward Ave, Sault Ste. Marie (the '725681 Loans'); personal guarantee of Alexandre Mongeon-Lambert dated July 4, 2023 limited to $1,098,000.00 principal and interest