Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 4 September 2025
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What we verified from this filing9 verified
- applicantTHE TORONTO-DOMINION BANK
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00101002-0000
- statutory basisSUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c.B-3, AS AMENDED, AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, c.C.43, AS AMENDED
- commencement date27 August 2025
- appointeeMNP
- appointee rolereceiver
- secured creditorsnote: Indebtedness crystallized as of Feb 20, 2024 per Feb 27, 2024 demand letter: SBL 01 principal $57,513.20 + interest $5,476.28; SBL 02 principal $764,637.39 + interest $91,985.96; BLOC principal $21,593.42; total principal $843,744.01 + total interest $97,462.24 = $941,206.25 as stated by document. Guarantees from Glenden Alexander Major (sole director, related party/personal guarantor) limited to 25% of original SBL amounts ($199,022.17 for SBL 01 [likely a transposition of figures in source, reported as stated] and $16,707.60 for SBL 02) and unlimited for BLOC. Only PPSA registration disclosed against Debtor as of May 6, 2025 is the Bank's. · page: 21 · as of: 2024-02-20 · amount: 941206.25 · debtor: Perth "Major" Outfitters Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: General Security Agreements (June 16, 2020) over all assets, property and undertaking (PPSA-registered); Collateral Mortgage in principal amount of $796,080.00 registered against title to the Property (Instrument Nos. LC210596 and LC258600); Notice of Assignment of Rents-General (Instrument No. LC210597); Notice of GSA registered on title (Instrument No. LC258310, April 23, 2024)
- unsecured creditorsnote: Property tax arrears; preferred/priority municipal claim likely to rank ahead of unsecured but document does not explicitly label as 'preferred' — noted as municipal tax arrears against the Property · page: 23 · as of: 2025-05-07 · basis: Tax certificate from the Town of Perth certified as at May 7, 2025 · amount: 13768.91 · debtor: Perth "Major" Outfitters Inc. · creditor: The Corporation of the Town of Perth (municipal tax arrears) · currency: CAD