Ontario · Receivership (court-appointed)
Application Record of the Applicant dated October 17, 2025
Application / notice of application · 17 October 2025
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- applicantCAISSE DESJARDINS ONTARIO CREDIT UNION INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00005748-0000
- proceeding typereceivership_court
- provinceONTARIO
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED; AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43, AS AMENDED
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED; AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43, AS AMENDED
- appointeeMSI SPERGEL INC.
- appointee roleProposed Receiver
- commencement date17 October 2025
- secured creditorsnote: Loan No. 0725657-PR-1; original principal advanced was $356,000.00 (disbursed Nov 18, 2023) per Loan Agreement dated June 1, 2023, later amended June 7, 2024 (Prime + 0.450%, maturity June 6, 2025); the $355,667.86 figure is the aggregate indebtedness as of June 9, 2025 stated in the Demand Letter/BIA 244 Notice dated June 12, 2025, excluding ongoing interest accrual, professional fees, disbursements and HST · page: 14 · as of: 2025-06-09 · amount: 355667.86 · debtor: Mats Moy and Tymeca Chanelle Moy · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Charge/Mortgage registered June 7, 2023 as Instrument No. SD476939 over 328 Melvin Avenue, Sudbury, ON (the '328 Melvin Collateral Mortgage'); Assignment of Rents registered June 7, 2023 as Instrument No. SD476940; Ontario PPSA registration June 18, 2025, File No. 517438548, Registration No. 20250618 1605 1590 5476 (re: Assignment of Rents)