Ontario · Receivership (court-appointed)
First Supplement to the First Report of the Receiver dated March 4, 2026
Court officer report · 4 March 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing9 verified
- fee scheduleengagements: form: prose · rows: · money: fees: quote: for total fees of $67,980.00 (exclusive of applicable taxes) · amount: 67980 · approximate: false · disbursements: quote: the Receiver's disbursements were $20,373.63 (exclusive of applicable taxes) · amount: 20373.63 · period: kind: unstated · approval: state: unstated · averages: rate: 475.72 · quote: at an average hourly rate of approximately $475.72 · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: ALBERT GELMAN INC., solely in its capacity as Court-Appointed Receiver of 14713737 Canada Inc., and not in any other capacity · hours total: quote: The Receiver's fees encompass 142.9 hours · value: 142.9 · context quote: appointing Albert Gelman Inc. as receiver and manager (in such capacity, the ' Receiver '), without security, over all of the assets, undertakings and properties of 14713737 Canada Inc.; form: prose · rows: · money: fees: quote: for total fees of $27,508.00 (exclusive of applicable taxes) · amount: 27508 · approximate: false · disbursements: quote: MT's disbursements were $158.70 (exclusive of applicable taxes) · amount: 158.7 · period: kind: unstated · approval: state: unstated · averages: rate: 620.95 · quote: at an average hourly rate of approximately $620.95 · currency: · invoices: · firm text: MT · firm quote: MT's fees encompass 44.3 hours at an average hourly rate of approximately $620.95 for total fees of $27,508.00 (exclusive of applicable taxes) · hours total: quote: MT's fees encompass 44.3 hours · value: 44.3 · context quote: MT's fees encompass 44.3 hours at an average hourly rate of approximately $620.95 for total fees of $27,508.00 (exclusive of applicable taxes); MT's disbursements were $158.70 (exclusive of applicable taxes).
- operational summaryThe Receiver continues to manage and market the Real Property for sale, having retained CBRE and Remax as joint listing agents and developed a sale process with milestone dates, while also addressing NEC compliance issues and seeking removal of commercial tenants and vehicles.
- process resultsbids: 3 · note: unsolicited offers received before formal listing process · as of: 2026-03-04
- professional feesnote: Fees stated exclusive of applicable taxes; total account inclusive of tax was $99,740.29. Receiver's counsel Miller Thomson LLP's fees for the same period were $27,508.00 (exclusive of tax), with a total account inclusive of tax of $31,254.15. · party: Albert Gelman Inc. (Receiver) · amount: 67980 · period: to December 31, 2025 · currency: CAD
- purchaserprice: sealed: false · scope: the Real Property · status: terminated · name note: unsolicited offer for the Real Property; agreement terminated due to unfulfilled buyer conditions · structure: real_property · name source: recital · relationship: unstated
- report date4 March 2026
- report noFirst Supplement
- sale advisorCBRE Limited; Remax Hallmark Realty Inc.; Canam Appraiz Inc.
- sale outcometext: Receiver proposes a sale process for listing and marketing the Real Property after an unsolicited offer terminated · scope: parcel · status: listed