Ontario · Receivership (court-appointed)
Motion Record dated June 22, 2026
Application / notice of application · 22 June 2026
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Receiver estimates that total recoveries from the assets, property, and undertakings of the Debtor will be insufficient to retire the RBC Indebtedness, with the result that there will be no recovery available to the Debtor's other creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Debtor's other creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver intends to make an interim distribution to the Lender in the amount of $500,000 (the ' Interim Distribution ') · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 500000 · cumulative: false · amount high: 500000 · class label: RBC · creditor name: Royal Bank of Canada · interim final: interim · currency quote: ($CAD) · claims qualifier: unstated · stated on: 2026-06-16 · table missing: