Ontario · Receivership (court-appointed)
Notice and Statement of the Receiver dated August 16, 2021
Notice to creditors · 16 August 2021
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 filing29 verified
- financial positionnote: Components: Cash and cash equivalents $229,130; Accounts receivable $2,554,054; Prepaid expenses $34,419; Revenue producing property $38,573,552; Total as stated $41,391,155 · page: 1 · as at: 2021-08-03 · basis: estimated book value based on Legal Owner's books and records · scope: Legal Owner (Victoria Avenue North Holdings Inc.) only · currency: CAD · total assets: 41391155
- secured creditorsnote: Amount owed unknown per Receiver's listing · page: 2 · as of: 2021-08-03 · debtor: Victoria Avenue North Holdings Inc. · creditor: Blue Chip Leasing Corporation · currency: CAD · security: PPSA registration
- secured creditorsnote: Amount owed unknown per Receiver's listing · page: 2 · as of: 2021-08-03 · debtor: Victoria Avenue North Holdings Inc. · creditor: De Lage Landen Financial Services Canada Inc. · currency: CAD · security: PPSA registration
- secured creditorsnote: Amount owed unknown per Receiver's listing · page: 2 · as of: 2021-08-03 · debtor: Victoria Avenue North Holdings Inc. · creditor: Meridian Onecap Credit Corp · currency: CAD · security: PPSA registration
- secured creditorsnote: Amount owed unknown per Receiver's listing · page: 2 · as of: 2021-08-03 · debtor: Victoria Avenue North Holdings Inc. · creditor: 1012689 Ontario Limited · currency: CAD · security: PPSA registration
- secured creditorsnote: Estimated amount based on Legal Owner's books and records; not directly confirmed with creditor; no legal opinion obtained on security validity · page: 4 · as of: 2021-08-03 · amount: 22897734 · debtor: Victoria Avenue North Holdings Inc. · creditor: American General Life Insurance Company, Lexington Insurance Company, and The Variable Annuity Life Insurance Company · currency: CAD · security: General security agreement charging all assets of the Debtors
- secured creditorsnote: Estimated amount based on Legal Owner's books and records; not directly confirmed · page: 4 · as of: 2021-08-03 · amount: 76711.98 · debtor: Victoria Avenue North Holdings Inc. · creditor: City of Hamilton · currency: CAD · security: Encumbrance registered on title / PPSA registration
- unsecured creditorsnote: Listed as priority creditor, ranks ahead of ordinary unsecured creditors · page: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 1 · debtor: Victoria Avenue North Holdings Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 188.35 · debtor: Victoria Avenue North Holdings Inc. · creditor: Bell Canada · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 41013.43 · debtor: Victoria Avenue North Holdings Inc. · creditor: Gross Capital Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 21119.96 · debtor: Victoria Avenue North Holdings Inc. · creditor: Alectra Utilities Corporation · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 10772 · debtor: Victoria Avenue North Holdings Inc. · creditor: White Star Cleaning Services Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 8266.67 · debtor: Victoria Avenue North Holdings Inc. · creditor: Prime Real Estate Group Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 6906.7 · debtor: Victoria Avenue North Holdings Inc. · creditor: A.P.I. Alarm Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 3295 · debtor: Victoria Avenue North Holdings Inc. · creditor: Plankraft Construction Group Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 1546 · debtor: Victoria Avenue North Holdings Inc. · creditor: Brock Elevator Limited · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 1087.52 · debtor: Victoria Avenue North Holdings Inc. · creditor: Horizon Utilities Corporation · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 919.93 · debtor: Victoria Avenue North Holdings Inc. · creditor: Waste Connections Canada Inc. · currency: CAD
- unsecured creditorsnote: Related entity 'Blue Chip Leasing Corporation' also listed as a secured creditor with unknown amount · page: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 676.74 · debtor: Victoria Avenue North Holdings Inc. · creditor: Blue Chip Leasing · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 615.18 · debtor: Victoria Avenue North Holdings Inc. · creditor: Alsco · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 614 · debtor: Victoria Avenue North Holdings Inc. · creditor: GFL Environmental Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 120 · debtor: Victoria Avenue North Holdings Inc. · creditor: Space Database · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 510.99 · debtor: Victoria Avenue North Holdings Inc. · creditor: Abell Pest Control Inc · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 109.95 · debtor: Victoria Avenue North Holdings Inc. · creditor: Cogeco Cable Canada LP · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 82.19 · debtor: Victoria Avenue North Holdings Inc. · creditor: Enbridge Gas Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 57.75 · debtor: Victoria Avenue North Holdings Inc. · creditor: BearCom Canada Corp. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 50.95 · debtor: Victoria Avenue North Holdings Inc. · creditor: Al Beck's Key Shop Ltd · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 24.7 · debtor: Victoria Avenue North Holdings Inc. · creditor: Sandpiper Energy Solutions · currency: CAD
- unsecured creditorsnote: Dash cell indicates zero balance · page: 4 · as of: 2021-08-03 · basis: Listing of creditors prepared by Receiver based on books and records · amount: 0 · debtor: Victoria Avenue North Holdings Inc. · creditor: Union Gas · currency: CAD