Ontario · Receivership (court-appointed)
Application Record of the Applicant dated March 24, 2026
Application / notice of application · 24 March 2026
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A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
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- applicantBank of Montreal
- courtONTARIO SUPERIOR COURT OF JUSTICE
- court file noCV-26-00000666-0000
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- appointeeBDO Canada Limited
- appointee roleProposed Receiver
- commencement date18 March 2026
- secured creditorsnote: Demand letter balance for Operating Facility ($200,000 demand revolving operating overdraft facility) and MasterCard Facility ($50,000 corporate MasterCard facility). Guaranteed by 16002471 Canada Inc. (corporate guarantee, aggregate $250,000 plus interest/costs) and by Minxiang Guo (personal guarantor, aggregate $250,000 plus interest/costs - guarantee amount only, not a balance). · page: 9 · as of: 2026-01-11 · amount: 246088.84 · debtor: Hudson Restoration Markham Inc. · creditor: Bank of Montreal · currency: CAD · security: Hudson General Security Agreement dated 2024-11-16
- secured creditorsnote: Demand letter balance for Real Estate Facility (non-revolving demand real estate financing facility, maximum principal $3,980,000 per 160 LOA). Guaranteed by Hudson Restoration Markham Inc. (corporate guarantee, aggregate $3,980,000 plus interest/costs) and by Minxiang Guo (personal guarantor, aggregate $3,980,000 plus interest/costs - guarantee amount only, not a balance). Combined indebtedness of both Respondents to the Bank stated as $4,489,364.78 as of 2026-01-05 (principal, interest and fees, exclusive of legal fees) - prose/aggregate figure covering both debtors. · page: 9 · as of: 2026-01-11 · amount: 3930781.46 · debtor: 16002471 Canada Inc. · creditor: Bank of Montreal · currency: CAD · security: Sheldon Mortgage - charge/mortgage in principal amount of $4,975,000 registered against 940 Sheldon Court, Burlington on 2024-11-25 as Instrument No. HR2070010; 160 General Security Agreement dated 2024-11-16; Notice of Assignment of Rents registered 2024-11-25 as Instrument No. HR2070029
- secured creditorsnote: Security interest postponed and subordinated to Bank of Montreal's security interest in Hudson's personal property pursuant to an intercreditor postponement and subordination agreement dated 2024-11-18. No amount stated. · page: 13 · debtor: Hudson Restoration Markham Inc. · creditor: Vault Credit Corporation · currency: CAD · security: PPSA registration against Hudson's personal property
- secured creditorsnote: No amount stated. · page: 13 · debtor: Hudson Restoration Markham Inc. · creditor: Ford Credit Canada Company · currency: CAD · security: PPSA registration against Hudson's personal property