Ontario · Receivership (court-appointed)
First Report of the Receiver dated June 29, 2026.pdf
Court officer report · 29 June 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 filing9 verified
- operational summaryThe Receiver has been managing and attempting to sell the Clarington Property (now under a Final APS awaiting Court approval) while seeking to be discharged from its mandate over the Bethany Property due to environmental contamination concerns and lack of funding.
- process resultsbids: 3 · note: 823 views, 20 inquiries, 3 interested parties viewed the property · as of: 2026-06-29
- professional feesnote: Inclusive of disbursements and HST; Receiver's counsel A&B fees separately stated as $25,577.53 inclusive of disbursements and HST to June 24, 2026. · party: Receiver (Grant Thornton Limited) · amount: 144320.14 · period: to May 31, 2026 · currency: CAD
- purchaser1001433633 Ontario Corporation
- recovery outcomeentries: basis: estimated · quote: The proceeds from the proposed sale of the Clarington Property will be insufficient to repay all amounts owing to RBC. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC · creditor name: Royal Bank of Canada · interim final: unstated · related party: false · claims qualifier: unstated; basis: estimated · quote: All other creditors with charges registered against the Clarington Property will therefore not receive any distribution from the sale of the Clarington Property. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: All other creditors with charges registered against the Clarington Property · interim final: unstated · claims qualifier: unstated · stated on: 2026-06-29 · table missing:
- report date29 June 2026
- report noFirst Report
- sale advisorCushman & Wakefield ULC
- sale outcometext: Final APS approved by Receiver, subject to Court approval; deposit paid; closing pending · scope: parcel · status: pending_approval