Ontario · Receivership (court-appointed)
Aide Memoir of the Receiver dated August 5, 2026
Court officer report · 5 August 2026
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What we verified from this filing5 verified
- secured creditorsnote: First Source Financial Management Inc. is one of the Applicants that obtained the appointment of the Receiver (Order of Justice Osborne, May 16, 2025). Listed in Schedule 'C' to the AVO dated July 24, 2026 as a claim to be deleted/expunged from title on closing. Evolve Services Inc. postponed its earlier-registered security interest (Instrument No. LC234446, 2022) in favour of this charge (Instrument No. LC263059), so registration order does not reflect priority. · page: 36 · as of: 2024-09-25 · debtor: Hammer & Nails Developments Ltd. (Beckwith Street) · creditor: First Source Financial Management Inc. · currency: CAD · security: Charge registered against the Beckwith Property (Instrument No. LC263057) in the registered amount of $13,326,300 (registered charge amount, not a confirmed outstanding balance), together with a General Assignment of Rents (Instrument No. LC263058)
- secured creditorsnote: Role on the face of the instrument is ambiguous (no named counterparty), but Evolve Services Inc. subsequently executed Postponements (Instrument Nos. LC257799 and LC263059) subordinating this interest in priority behind the later Caisse Desjardins (2024) and First Source Financial Management Inc. (2024) charges, indicating Evolve Services Inc. held an earlier-priority secured interest that was postponed. Listed in Schedule 'C' to the AVO dated July 24, 2026 as a claim to be deleted/expunged from title on closing. · page: 36 · as of: 2022-02-14 · debtor: Hammer & Nails Developments Ltd. (Beckwith Street) (inferred; the registered instrument names Evolve Services Inc. as 'Parties From' with no 'Parties To' party stated) · creditor: Evolve Services Inc. · currency: CAD · security: Notice of Security Interest ('No Sec Interest', Instrument No. LC234446) registered against the Beckwith Property in the registered amount of $250,000 (registered amount, not a confirmed outstanding balance)
- secured creditorsnote: Listed in Schedule 'C' (Claims to be Deleted and Expunged from Title) to the Approval and Vesting Order dated July 24, 2026, to be discharged from title on closing of the Beckwith Property sale. Evolve Services Inc. postponed its earlier-registered security interest (Instrument No. LC234446, 2022) in favour of this charge (Instrument No. LC257799), so registration order does not reflect priority. · page: 36 · as of: 2024-04-03 · debtor: Hammer & Nails Developments Ltd. (Beckwith Street) · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Charge registered against the Beckwith Property (Instrument No. LC257797) in the registered amount of $4,255,855 (registered charge amount, not a confirmed outstanding balance), together with a General Assignment of Rents (Instrument No. LC257798)
- purchaser161 Beckwith Holding Inc.; Jingjing Gao and Jianquan Yang
- sale outcometext: the Receiver requests a limited amendment to the AVO to expressly identify the Corporate Purchaser as purchaser so the transaction can be registered · scope: parcel · status: approved