Ontario · Receivership (court-appointed)
Seventh Report of the Receiver dated September 17, 2026
Court officer report · 17 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: Court-ordered administrative charge for receiver/counsel fees, ranks ahead of other security; related party (court officer, not an ordinary creditor) · page: 86 · debtor: Clearview Garden Estates Inc. et al. (Respondents) · creditor: AlixPartners Restructuring, Inc. (Receiver) and its counsel · currency: CAD · security: Receiver's Charge - first charge on the Property, priority over all other security interests/trusts/liens
- secured creditorsnote: Borrowing facility limit of $250,000 (or greater as Court may authorize); not a balance · page: 87 · debtor: Clearview Garden Estates Inc. et al. (Respondents) · creditor: AlixPartners Restructuring, Inc. (Receiver) - borrowings lender(s) under Receiver's Certificates · currency: CAD · security: Receiver's Borrowings Charge - fixed and specific charge on the Property, subordinate to Receiver's Charge
- unsecured creditorsnote: Promissory note principal owed by First Global to Halton Park; guaranteed by Vincent Salvatore (personal guarantee - related party); disputed by Receiver as fraudulent conveyance · page: 153 · as of: 2024-04-26 · basis: Halton Park Promissory Note and Guarantee · amount: 7800000 · debtor: First Global Financial Corp. · creditor: Halton Park Inc. (VTB assignee/creditor) · currency: CAD
- unsecured creditorsnote: Aggregate principal amount of promissory notes issued to Trans Global, Ms. Hoffner and Mr. Hoffner; secured in part by Hoffners' Highway 27 Charge and share pledge over Titan Shield (see secured entry); one note of $7,000,000 to Trans Global included in this aggregate · page: 155 · as of: 2024-06-04 · basis: Promissory notes issued by First Global in aggregate principal amount, as described in report · amount: 10000000 · debtor: First Global Financial Corp. · creditor: First Global, Mr. Hoffner, Ms. Hoffner and Trans Global under Hoffner Promissory Notes · currency: CAD
- secured creditorsnote: Registration ceiling, not a balance; subordinate to Windsor Highway 27 Charge ($25M) and postponed in favour of Hoffners' Highway 27 Charge ($10M); Receiver considers this mortgage of no value due to over-leverage · page: 159 · debtor: First Global Financial Corp. · creditor: Nominee Chargees (Fort Erie Hills Inc., Bridle Park Inc., Bridle Park II Inc., Clearview Garden Estates Inc., Clearview Park Inc.), including Halton Park Inc. as additional joint account holder · currency: CAD · security: Highway 27 Mortgage, instrument no. YR3666111 as amended, registered ceiling increased from $45,000,000 to $52,800,000
- secured creditorsnote: Prior-ranking encumbrance on Highway 27 Property; registered principal amount · page: 160 · as of: 2022-07-21 · amount: 25000000 · debtor: First Global Financial Corp. · creditor: Melvyn Eisen, Windsor II Limited Partnership and Windsor Private Capital Limited Partnership · currency: CAD · security: First-ranking charge (Windsor Highway 27 Charge) registered against Highway 27 Property, instrument no. YR3455578
- secured creditorsnote: Registered charge amount securing Hoffner Promissory Notes · page: 160 · as of: 2024-06-06 · amount: 10000000 · debtor: First Global Financial Corp. · creditor: Mr. Hoffner, Ms. Hoffner and Trans Global (later corrected from TGP Global Partners Limited) · currency: CAD · security: Hoffners' Highway 27 Charge registered against Highway 27 Property, instrument no. YR3684667; Highway 27 Mortgage postponed in its favour