Nova Scotia · Receivership (court-appointed)
Notice of Application in Chambers dated October 14, 2025
Application / notice of application · 14 October 2025
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What we verified from this filing5 verified
- secured creditorsnote: Prior stated loan balance under 2024 A&R Loan Agreement (dated July 31, 2024) was $2,986,500 (prose approximation); exact balance as of Oct 1, 2025 governs. Also secured by personal guarantees and general security agreements from Personal Guarantors Helen J. Craig, William W. Craig and David J. Pomeroy (individuals, guarantors). EMC issued demand for repayment and NOI to enforce security under s.244 BIA on March 11, 2025. · page: 3 · as of: 2025-10-01 · amount: 2540781.8 · debtor: 4499127 Nova Scotia Limited · creditor: Express Mortgage Corporation Limited (EMC) · currency: CAD · security: General security agreement (Oct 20, 2023); collateral mortgage dated Nov 9, 2023, as amended, in principal amount of $3,197,000 charging eighteen Properties; assignment of rents (Nov 9, 2023); assignment of material documents; assignment of insurance; cost overrun and completion guarantee agreement; postponement agreement; security acknowledgment agreement (Nov 28, 2023)
- secured creditorsnote: Registered against the Properties without consent of EMC, contrary to terms of the 2024 A&R Loan Agreement; subordinate (second) position to EMC's mortgage; amount not stated. · page: 3 · debtor: 4499127 Nova Scotia Limited · creditor: Graysbrook Capital Limited · currency: CAD · security: Second mortgage in assignment of rents and lease registered against the Properties
- counselBoyneClarke LLP
- counselBurchill Wickwire Bryson LLP
- counselBurchell MacDougall LLP