Ontario · Receivership (court-appointed)
Fourth Report of the Receiver
Court officer report · 22 September 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- secured creditorsnote: Receiver appointed on BDC's application; BDC funding Receiver's Borrowings; no balance of BDC's underlying secured claim stated in these pages · page: 3 · debtor: J2ASM Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: Applicant under s.243(1) BIA receivership application; underlying secured debt amount not stated in these pages
- operational summaryThe Receiver continues to maintain and market the vacant Commercial Property through an ongoing sale process, having engaged a second listing broker, while handling insurance renewal, HST matters, and the resolution of an occupation rent dispute with a former occupant.
- professional feesnote: Excludes disbursements and HST. Cassels' fees for the same period are $125,393.00, excluding disbursements and HST. · party: Receiver (PricewaterhouseCoopers Inc.) · amount: 254324 · period: up to August 31, 2026 · currency: CAD
- receipts cumulativenote: Comprised of Receiver's Borrowings of $655,000, $160,379 from Axiom dispute resolution, and net HST refunds/remittances of $63,596. · since: Date of Appointment (December 2, 2024) · amount: 882137 · currency: CAD
- report date22 September 2026
- report noFourth Report
- sale advisorAvison Young Commercial Real Estate Services, LP
- sale outcometext: the Sale Process remains ongoing and the Receiver, with the Second Broker, continues to market the Commercial Property · scope: parcel · status: liquidation_in_progress