Ontario · Receivership (court-appointed)
Notice and Statement of Receiver – Sussman Mortgage Funding Inc.
Notice of receiver (s. 245 / Form 87) · 12 May 2025
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 filing43 verified
- financial positionnote: Only asset-side total stated; secured and unsecured liability totals stated separately (secured total $45,316,309.97 per page 4; unsecured total stated as 'Unknown' per page 5) and are not combined into a single liabilities figure in the document · page: 1 · as at: 2025-03-31 · basis: Net Book Value; amounts reflect information available to the Receiver as at March 31, 2025 and have not been reviewed or verified by the Receiver · scope: Sussman Mortgage Funding Inc., 2486976 Ontario Inc. and 1981361 Ontario Inc. (the Debtors), entity-level, not consolidated · currency: CAD · total assets: 2187598.82
- secured creditorsnote: Page 2 states this amount as '$Unknown' (secured creditor holding or possibly holding security); List of Creditors (page 4) states an exact figure, used here. · page: 4 · amount: 45170044.17 · debtor: Sussman Mortgage Funding Inc., 2486976 Ontario Inc., 1981361 Ontario Inc. · creditor: Logpin Investments Limited · currency: CAD
- secured creditorsnote: Also stated on page 2 with same amount · page: 4 · amount: 139095.56 · debtor: Sussman Mortgage Funding Inc., 2486976 Ontario Inc., 1981361 Ontario Inc. · creditor: Toronto Dominion Bank · currency: CAD
- secured creditorsnote: Also stated on page 2 with same amount · page: 4 · amount: 3971.28 · debtor: Sussman Mortgage Funding Inc., 2486976 Ontario Inc., 1981361 Ontario Inc. · creditor: Tesla Motors Canada ULC · currency: CAD
- secured creditorsnote: Also stated on page 2 with same amount · page: 4 · amount: 578.57 · debtor: Sussman Mortgage Funding Inc., 2486976 Ontario Inc., 1981361 Ontario Inc. · creditor: Toyota Credit Canada · currency: CAD
- secured creditorsnote: Also stated on page 2 with same amount · page: 4 · amount: 1939.98 · debtor: Sussman Mortgage Funding Inc., 2486976 Ontario Inc., 1981361 Ontario Inc. · creditor: VW Credit Canada Inc. · currency: CAD
- secured creditorsnote: Also stated on page 2 with same amount · page: 4 · amount: 680.41 · debtor: Sussman Mortgage Funding Inc., 2486976 Ontario Inc., 1981361 Ontario Inc. · creditor: TD VISA · currency: CAD
- unsecured creditorsnote: deemed trust class (CRA indebtedness) · page: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 186767.23 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: CRA · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 17.39 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Culligan · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 2214.09 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Economical · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 820.08 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: E.T.D Payable · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 5636.53 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Enbridge · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 138.09 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Grand & Toy · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 47.46 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Huronia Mat Rentals · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 101.15 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: ICS Courier · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 1250 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: JDS Info Systems · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 169.5 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: JKR Computer Services · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 7747.32 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Jones Consulting · currency: CAD
- unsecured creditorsnote: individual creditor · page: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 12000 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Kris Tabler · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 466.5 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Manulife · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 1138.99 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Midhurst Roofing · currency: CAD
- unsecured creditorsnote: related company; Debtor's Receiver also reported a loan asset to this entity of $189,590.32 (page 1) - related party · page: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 798747.64 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Mortgage Funding Building Inc. · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 567.65 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Northpoint Commercial Finance Inc. · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 2290 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Orkin Canada Corporation · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 34468.45 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Paul J. Daffern & Associates · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 900 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Perfectly Clear Window Cleaning · currency: CAD
- unsecured creditorsnote: amount stated as unknown · page: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Potential Equity or Trust Claims · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 19828.92 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: RJ Burnside · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 450.87 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Roar Solutions · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 975.75 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Rogers · currency: CAD
- unsecured creditorsnote: individual; surname matches Debtor 'Sussman Mortgage Funding Inc.', possible related party/principal · page: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 365467.99 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Sandford L. Sussman · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 90.7 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Reliance Home Comfort · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 3584.04 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Alectra · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 74738.93 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: American Express · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 32359.02 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: ANJ Electric · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 406.74 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Bell Canada · currency: CAD
- unsecured creditorsnote: municipal claim · page: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 1566.4 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: City of Barrie · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 51811.37 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: CIBC VISA · currency: CAD
- unsecured creditorsnote: matches 'Bank - Trust' asset figure on page 1 ($127,482.27) · page: 5 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 127482.27 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Trust Funds · currency: CAD
- unsecured creditorsnote: amount stated as unknown · page: 5 · basis: List of Creditors as reported by the Receiver, based on information currently available · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Various Borrowers · currency: CAD
- unsecured creditorsnote: amount stated as unknown · page: 5 · basis: List of Creditors as reported by the Receiver, based on information currently available · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Various Investors · currency: CAD
- unsecured creditorspage: 5 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 1000 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Western Mechanical · currency: CAD
- unsecured creditorspage: 5 · basis: List of Creditors as reported by the Receiver, based on information currently available · amount: 11000.55 · debtor: Sussman Mortgage Funding Inc. et al. · creditor: Tor-Mar Construction (Mike Marshall) · currency: CAD