Ontario · Receivership (court-appointed)
First Report of the Receiver dated May 30, 2023
Court officer report · 30 May 2023
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What we verified from this filing10 verified
- secured creditorsnote: MZ is Applicant/first mortgagee; amount is registered principal per title search and List of Creditors, not a stated outstanding balance · page: 11 · as of: 2020-10-20 · amount: 20000000 · debtor: 12252856 Canada Inc. · creditor: MarshallZehr Group Inc. (together with Vector Financial Services Limited) · currency: CAD · security: First registered charge/mortgage (principal amount $20,000,000) and general security agreement in favour of MZ as administrator
- secured creditorsnote: Amount is registered charge principal per title search dated Nov 29, 2022 and List of Creditors · page: 11 · as of: 2020-11-13 · amount: 5500000 · debtor: 12252856 Canada Inc. · creditor: Consortia Equity Capital Limited · currency: CAD · security: Registered charge/mortgage
- secured creditorsnote: Amount is registered charge principal · page: 11 · as of: 2021-11-12 · amount: 1000000 · debtor: 12252856 Canada Inc. · creditor: Bridlepath Finance Inc. · currency: CAD · security: Registered charge/mortgage; postponed to Consortia Equity Capital Limited charge
- secured creditorsnote: Amount is registered charge principal; individual creditor · page: 11 · as of: 2022-07-13 · amount: 500000 · debtor: 12252856 Canada Inc. · creditor: Marilyn Goldberg · currency: CAD · security: Registered charge/mortgage; postponed to Consortia Equity Capital Limited charge
- secured creditorsnote: Amount is registered charge principal · page: 11 · as of: 2022-08-26 · amount: 9000000 · debtor: 12252856 Canada Inc. · creditor: 12279266 Canada Inc. · currency: CAD · security: Registered charge/mortgage
- secured creditorsnote: List of Creditors shows $391,142; title search/registration shows $391,141; used registered instrument amount · page: 11 · as of: 2022-08-29 · amount: 391141 · debtor: 12252856 Canada Inc. · creditor: Prime Design Build Corporation · currency: CAD · security: Construction lien registered against Property
- unsecured creditorsnote: Document does not state an amount or name individual unsecured creditors; status listed as 'to be determined' · page: 42 · as of: 2023-03-10 · basis: List of Creditors filed with Section 245(1) Notice states 'To be determined' · debtor: 12252856 Canada Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- process resultsnote: three commercial realtors invited to submit listing proposals · as of: 2023-05-30 · solicited: 3
- sale advisorAvison Young Commercial Real Estate Services LP
- sale outcometext: Proposed Sale Process for the Property, to be approved by the Court · scope: parcel · status: process_approved