Ontario · Receivership (court-appointed)
Application Record - Returnable April 23, 2020
Application / notice of application · 23 April 2020
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 filing2 verified
- secured creditorsnote: Mortgage Loan principal $6,000,000.00 originally advanced; balance as of April 1, 2020 comprises Principal $6,000,000.00, Interest Accrued $40,870.55, Past Due Interest $441,111.56, Collection Fees $60,406.98 = Total $6,542,389.09 as stated in the document. Interest continues to accrue at prime + 4.00% (7.95% per annum) from April 1, 2020. Obligations personally guaranteed by Guery Goyo, President of the Debtor. · page: 16 · as of: 2020-04-01 · amount: 6542389.09 · debtor: New Tecumseth Land Corporation · creditor: FirstOntario Credit Union Limited · currency: CAD · security: Charge/mortgage (first in priority), assignment of rents - general, business loan general security agreement
- secured creditorsnote: Second mortgagee behind FirstOntario per postponement; amount not stated in these pages. · page: 16 · debtor: New Tecumseth Land Corporation · creditor: P.D.R. Investments Ltd. · currency: CAD · security: Second mortgage registered against Real Property (Instrument No. SC1187270, registered January 13, 2015); postponement registered as Instrument No. SC1301765 on May 5, 2016