Ontario · CCAA
First Report of the Monitor dated July 23, 2026 (for motion returnable July 24, 2026)
Court officer report · 23 July 2026
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Applicant has advised the Monitor that, if the stalking horse credit bid submitted by the Applicant, or its nominee, is selected, sufficient financing has been obtained to payout the indebtedness owing under the Windsor Charge, Firm Capital Charge and the Westmount Charge in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Windsor Family Credit Union Limited (WFCU), Firm Capital Mortgage Fund Inc., Westmount Guarantee Services Inc. · creditor name: Windsor Charge, Firm Capital Charge and Westmount Charge · interim final: unstated · conditional on: if the stalking horse credit bid submitted by the Applicant, or its nominee, is selected · claims qualifier: unstated; basis: estimated · quote: the HST Trust Claim (as defined in the Heller Affidavit) will no longer rank in priority to the claims of secured creditors, thereby conferring a benefit to the Applicant, who will still suffer a significant shortfall even after the reversal occurs; · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: the Applicant · creditor name: Findev Lending Inc. · interim final: unstated · claims qualifier: unstated · table missing: