Ontario · Receivership (court-appointed)
Notice and Statement of the Receiver
Notice of receiver (s. 245 / Form 87) · 27 January 2025
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What we verified from this filing15 verified
- financial positionnote: Total liabilities not stated as a single aggregate; document reports separate class totals for secured ($12,135,087.24) and unsecured ($138,798.08 plus unknown amounts) creditors on page 4 · page: 1 · basis: Net Book Value based on 2022 financials, the most up-to-date information provided to the Receiver at the date of this report · scope: Gibson Lofts Ltd. (entity level; assets = Barton Street Property, Gibson Street Property, Other Assets) · currency: CAD · total assets: 11850000
- secured creditorsnote: Secured lender; consented-to transfer of Gibson Street Property in Dec 2022 alleged to be without this lender's knowledge/consent · page: 4 · as of: as at the date of this report · amount: 1799537.79 · debtor: Gibson Lofts Ltd. · creditor: Sigma Properties Canada Inc. · currency: CAD · security: Security on Barton Street Property and Gibson Street Property, held since August 2016
- secured creditorspage: 4 · as of: as at the date of this report · amount: 4260000 · debtor: Gibson Lofts Ltd. · creditor: Restoration Funding Corporation · currency: CAD · security: Security on property described (Barton Street/Gibson Street Properties)
- secured creditorspage: 4 · as of: as at the date of this report · amount: 275000 · debtor: Gibson Lofts Ltd. · creditor: 1711568 Ontario Ltd. · currency: CAD · security: Security on property described
- secured creditorspage: 4 · as of: as at the date of this report · amount: 100000 · debtor: Gibson Lofts Ltd. · creditor: Western Pacific Trust Company · currency: CAD · security: Security on property described
- secured creditorspage: 4 · as of: as at the date of this report · amount: 478623 · debtor: Gibson Lofts Ltd. · creditor: Pella Windows & Doors of Ontario, Corp. · currency: CAD · security: Security on property described
- secured creditorsnote: Municipal creditor listed among secured creditors holding security on the property · page: 4 · as of: as at the date of this report · amount: 304755 · debtor: Gibson Lofts Ltd. · creditor: City of Hamilton · currency: CAD · security: Security on property described
- secured creditorsnote: Secured lender; consented-to transfer of Gibson Street Property in Dec 2022 alleged to be without this lender's knowledge/consent · page: 4 · as of: as at the date of this report · amount: 4717171.45 · debtor: Gibson Lofts Ltd. · creditor: Sigma One Capital Inc. · currency: CAD · security: Security on Barton Street Property and Gibson Street Property, held since August 2016
- secured creditorsnote: Individuals; capacity as lender/secured party not further specified · page: 4 · as of: as at the date of this report · amount: 200000 · debtor: Gibson Lofts Ltd. · creditor: Tibor and Amalia Terecik · currency: CAD · security: Security on property described
- unsecured creditorsnote: Amount listed as UNKNOWN in document · page: 4 · as of: as at the date of this report · basis: List of Creditors as reported by Receiver based on information currently available · debtor: Gibson Lofts Ltd. · creditor: Bell · currency: CAD
- unsecured creditorspage: 4 · as of: as at the date of this report · basis: List of Creditors as reported by Receiver based on information currently available · amount: 41992.87 · debtor: Gibson Lofts Ltd. · creditor: Collaborative Structures Limited · currency: CAD
- unsecured creditorsnote: CEBA loan · page: 4 · as of: as at the date of this report · basis: List of Creditors as reported by Receiver based on information currently available · amount: 60000 · debtor: Gibson Lofts Ltd. · creditor: Export Development Canada (CEBA) · currency: CAD
- unsecured creditorspage: 4 · as of: as at the date of this report · basis: List of Creditors as reported by Receiver based on information currently available · amount: 4736.97 · debtor: Gibson Lofts Ltd. · creditor: MTE Consultants · currency: CAD
- unsecured creditorspage: 4 · as of: as at the date of this report · basis: List of Creditors as reported by Receiver based on information currently available · amount: 32068.24 · debtor: Gibson Lofts Ltd. · creditor: Power Environmental Services & Power Vac Services · currency: CAD
- unsecured creditorsnote: Amount listed as UNKNOWN in document · page: 4 · as of: as at the date of this report · basis: List of Creditors as reported by Receiver based on information currently available · debtor: Gibson Lofts Ltd. · creditor: Alectra Utilities · currency: CAD