Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated September 24, 2026
Application / notice of application · 24 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
- secured creditorsnote: Indebtedness stated 'as of March 2, 2026' as $953,059.58, not including professional fees, plus accruing interest and costs. Paid in full from sale proceeds after the March 23, 2026 closing; BNS is no longer a creditor and its mortgage was vested out/expunged from title. · page: 9 · as of: 2026-03-02 · amount: 953059.58 · debtor: Cameron Partners Ltd. · creditor: The Bank of Nova Scotia · currency: CAD · security: First mortgage (BNS First Mortgage) on 670 Cameron Avenue, Windsor
- financial positionnote: This is cash held in trust, not total assets. The Receiver expects a surplus after paying the 1212 Mortgage and the Indcom NOSI. CRA has filed no deemed-trust claims and no WEPPA claims have been provided to the Receiver. The Receiver seeks an increase in the fee accrual from $200,000 to $300,000. Personal guarantees: the Debtor's president is said to be guarantor of the 1212 loans (individual named in the source documents). · page: 11 · as at: 2026-08-31 · basis: Receiver's interim statement of receipts and disbursements: $875,106.92 held in trust at August 31, 2026, comprising net sale proceeds, rental income, accrued interest and other amounts. The Real Property was the Debtor's only significant asset and was sold March 23, 2026 for $2,255,000.00 before adjustments. · scope: Cameron Partners Ltd. only; funds held by the Receiver (not a balance sheet). No liabilities total is stated. · currency: CAD · total assets: 875106.92
- secured creditorsnote: Receiver's position: $200,000 principal plus $16,000 simple interest for 8 months ending May 31, 2026, plus further interest at the same monthly rate to the date of repayment (proposed distribution: $216,000 plus interest from June 1, 2026). Receiver's counsel's June 10, 2026 email calculated $200,000 principal, $16,000 arrears, $1,000 legal fees and per diem from June 15, 2026. DISPUTED: the lender's payout statement of June 1, 2026 claims $529,199.32 (as at June 15, 2026, not including compounding interest; per diem $246.27) on three claimed loans ($200,000 + $200,000 + $100,000 = $500,000), plus a 3-month penalty, arrears, late fees, renewal fees and discharge fees. The earlier April 17, 2026 payout statement claimed $520,002. Loans two and three are unregistered promissory notes; the Receiver disputes additional advances and the penalty/renewal/late/discharge fees as unenforceable and seeks Court direction. Only the first advance ($195,450 bank draft of Dec. 3, 2019) is accepted as proved. A June 17, 2026 direction signed for the borrower and guarantor confirms all three loans and the lender's payout figures. The Receiver is also uncertain who controls the lender (BC registry lists Ping Huang as sole director; Edwin Soon claims ownership). Receiver's counsel opines the mortgage is valid and enforceable. · page: 22 · as of: 2026-05-31 · amount: 216000 · debtor: Cameron Partners Ltd. · creditor: 1212279 B.C. Ltd. · currency: CAD · security: Second mortgage registered as CE927226 on January 8, 2020 on 670 Cameron Avenue, Windsor; registered principal $200,000.00, 12% interest-only ($2,000/month); vested out by the Sale Approval and Vesting Order
- secured creditorsnote: Per Indcom's payout statement; Receiver's counsel opines the NOSI is valid and enforceable on its terms; Receiver seeks approval to pay $4,953.67 in full and final satisfaction. Ranked after BNS in priority. The payout statement's own date is not stated in the text pages. · page: 23 · amount: 4953.67 · debtor: Cameron Partners Ltd. · creditor: Indcom Leasing Inc. · currency: CAD · security: Notice of Security Interest (Indcom NOSI) registered on title to 670 Cameron Avenue; vested out by the Sale Approval and Vesting Order
- unsecured creditorsnote: The Receiver states that 1212 may file an unsecured claim in the bankruptcy for amounts disputed above, subject to the Trustee's determination of validity. The lender claims $529,199.32 in total as of June 15, 2026; no unsecured amount is stated by the document. · page: 24 · basis: Contingent unsecured claim for any amounts beyond the registered mortgage, if the Court so directs · debtor: Cameron Partners Ltd. · creditor: 1212279 B.C. Ltd. (claim above the Receiver's accepted mortgage amount) · currency: CAD
- secured creditorsnote: Proposed final distribution includes payment of 'all property tax arrears' to the City of Windsor; no amount stated in the pages provided. · page: 25 · debtor: Cameron Partners Ltd. · creditor: Corporation of the City of Windsor · currency: CAD · security: Property tax arrears
- recovery outcomeentries: basis: estimated · quote: v) to BNS, up to the amount owing to BNS, including all interest and costs. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: BNS (Bank of Nova Scotia), first mortgagee · creditor name: The Bank of Nova Scotia · interim final: unstated · table missing: · conditional on: after payment of the Receiver's and its counsel's fees, CRA priority claims, City of Windsor property tax arrears and the real estate commission · claims qualifier: unstated · stated on: 2026-01-16 · table missing: