Ontario · Receivership (court-appointed)
Notice of Receiver
Notice of receiver (s. 245 / Form 87) · 29 March 2019
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
- financial positionnote: The Receiver states the property as “Real Property or Immovable — Building and Land - Cornwall - 1230 Brookdale Avenue — 840000.00”. No liabilities total is stated: secured claims are stated at $65,448.00, $1,070,058.00 and $250,000.00, and the unsecured list carries four $1.00 placeholders among its six entries. · page: 1 · basis: Property described by the Receiver under s.245(1) BIA in Form 87; possession or control taken on April 2, 2019. · scope: 9449167 Canada Inc. — the real property subject to the Receiver's appointment (Building and Land, 1230 Brookdale Avenue, Cornwall), not a balance sheet of the Company · currency: CAD · total assets: 840000
- secured creditorsnote: The $1,010,000.00 is the registered mortgage principal, not the balance; the outstanding balance stated is $1,070,058.00. Personal guarantees from the directors for 25% of the outstanding loan balance are stated to exist (individuals not named here). · page: 1 · amount: 1070058 · debtor: 9449167 Canada Inc. · creditor: Business Development Bank of Canada – Ottawa West · currency: CAD · security: First ranking mortgage in the PRINCIPAL amount of $1,010,000.00 registered April 14, 2016, and a General Security Agreement dated April 4, 2016.
- secured creditorsnote: Stated under s.245(1)(d) as an amount owed to a creditor holding security. · page: 1 · amount: 250000 · debtor: 9449167 Canada Inc. · creditor: 2323225 Ontario Inc. · currency: CAD · security: Security on the property at 1230 Brookdale Avenue, Cornwall, ON.
- secured creditorsnote: Municipal claim (property taxes on the face of the filing). Stated under s.245(1)(d) as an amount owed to a creditor holding security. · page: 1 · amount: 65448 · debtor: 9449167 Canada Inc. · creditor: The Corporation of the City of Cornwall · currency: CAD · security: Security on the property at 1230 Brookdale Avenue, Cornwall, ON.
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. · page: 2 · basis: The list of other creditors and the amount owed to each, given under s.245(1)(e) BIA in the Form 87 Notice of Statement of the Receiver; each row is marked “Unsecured” in the document's own type column. · amount: 1 · debtor: 9449167 Canada Inc. · creditor: Union Gas · currency: CAD
- unsecured creditorsnote: Crown claim (deemed-trust class where applicable). The stated amount of $1.00 is a placeholder, not a measured balance. · page: 2 · basis: The list of other creditors and the amount owed to each, given under s.245(1)(e) BIA in the Form 87 Notice of Statement of the Receiver; each row is marked “Unsecured” in the document's own type column. · amount: 1 · debtor: 9449167 Canada Inc. · creditor: Canada Revenue Agency — Tax — Ontario · currency: CAD
- unsecured creditorspage: 2 · basis: The list of other creditors and the amount owed to each, given under s.245(1)(e) BIA in the Form 87 Notice of Statement of the Receiver; each row is marked “Unsecured” in the document's own type column. · amount: 308 · debtor: 9449167 Canada Inc. · creditor: CAFO · currency: CAD
- unsecured creditorsnote: Provincial Crown claim. The stated amount of $1.00 is a placeholder, not a measured balance. · page: 2 · basis: The list of other creditors and the amount owed to each, given under s.245(1)(e) BIA in the Form 87 Notice of Statement of the Receiver; each row is marked “Unsecured” in the document's own type column. · amount: 1 · debtor: 9449167 Canada Inc. · creditor: Ministry of Finance — Collections Branch, Non Tax Revenue Collections Unit · currency: CAD
- unsecured creditorsnote: Individual creditor. · page: 2 · basis: The list of other creditors and the amount owed to each, given under s.245(1)(e) BIA in the Form 87 Notice of Statement of the Receiver; each row is marked “Unsecured” in the document's own type column. · amount: 1130 · debtor: 9449167 Canada Inc. · creditor: Akhlaq Khokhar · currency: CAD
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. · page: 2 · basis: The list of other creditors and the amount owed to each, given under s.245(1)(e) BIA in the Form 87 Notice of Statement of the Receiver; each row is marked “Unsecured” in the document's own type column. · amount: 1 · debtor: 9449167 Canada Inc. · creditor: Cornwall Electric · currency: CAD