Ontario · NOI
Trustee's Report on Preliminary Administration of Consolidated Estates dated November 10, 2026
Court officer report · 10 November 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 filing4 verified · 1 withheld
- financial positionnote: No total assets or total liabilities stated. Components (not summed): cash - SIREG Management $655,790, SIREG Holdings $722, SIREG Group $114; vehicles (SIREG Holdings) $20,000; real property book values for the PropertyCos from $2,187,090 to $33,400,000 each (e.g. 700 Parkhill $33,400,000, 1-4 Balmoral $22,500,000, 756/758 Kipps Lane $14,864,865). Real property is disclosed for legal title and historical book value only, not a determination of beneficial ownership or divisible assets. As at date is the 'bankruptcy date' (Oct 20, 2026 per s.1 para 3). Liabilities components: unremitted source deductions SIREG Management $356,298.99 and SIREG Holdings $163,904.92 (deemed trust claims, unconfirmed); unpaid vacation pay $42,807.10; over $5 million owed to trade creditors of SIREG Management; Firm Capital loan balance $39,579,395 (single cross-collateralized loan, not to be aggregated). · basis: Amounts recorded in the Companies' statements of affairs as at the bankruptcy date; unaudited, unverified by the Trustee, and book values 'not necessarily' representing realizable value or funds available to an Estate. · scope: Sixteen bankrupt Companies reported entity-by-entity (not consolidated); no total across the Estates is stated. · currency: CAD
- operational summaryThe Companies have ceased operations: SIREG Management, SIREG Holdings and SIREG Group had no funding beyond October 20, 2026 and are in bankruptcy, and the Trustee is preliminarily administering the Estates while secured creditors enforce against the Real Properties and an Administrator takes over certain Condo Corporations.
- recovery outcomeentries: basis: estimated · quote: At this time, there appears to be a significant likelihood that no funds will be available for distribution to SIREG Management's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: SIREG Management's unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As it relates to SIREG Holdings and SIREG Group, the Trustee does not presently anticipate distributions to unsecured creditors based on currently identified realizable assets and expected claims. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors of SIREG Holdings and SIREG Group · interim final: unstated · conditional on: subject to any realizations from the assets identified in Section 3.1 and potential recoveries arising from the matters described in Section 6.0 · claims qualifier: unstated; basis: unstated · quote: As it relates to the PropertyCos, at this time, the Trustee is unable to estimate the amount, if any, that may be available for distribution to the Property Cos' respective creditors. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: the Property Cos' respective creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-11-10 · table missing:
- report date10 November 2026
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.