Ontario · Receivership (court-appointed)
Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2
Court officer report · 4 March 2026
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What we verified from this filing20 verified
- applicantPaul McCallion
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00726933-00CL
- provinceONTARIO
- appointeeThe Fuller Landau Group Inc.
- appointee rolereceiver
- commencement date7 November 2024
- statutory basissection 101 of the Courts of Justice Act
- secured creditorsnote: Prose approximation in application materials was 'approximate amount of $500,000' for a loan and credit card; payout statement figure is exact balance as at March 19, 2025 with interest continuing to accrue at $88.30/day. Legal opinion from Loopstra Nixon confirms validity/enforceability of security. · page: 41 · as of: 2025-03-19 · amount: 529565.75 · debtor: Port Daniel Holdings Inc. · creditor: The Toronto-Dominion Bank (TD) · currency: CAD · security: First-ranking $250,000 mortgage registered against Shop Property and Farm Property; first-ranking General Security Agreement dated September 7, 2007 registered under Ontario PPSA
- secured creditorsnote: Related party (shareholder/Applicant) advanced $15,000 (Advanced Funds) plus 2% monthly interest plus Bank of Canada Prime; amount is principal plus accrued interest to March 10, 2025, continuing to accrue. · page: 54 · as of: 2025-03-10 · amount: 15247.14 · debtor: Port Daniel Holdings Inc. · creditor: Paul McCallion (Applicant) · currency: CAD · security: Receiver's borrowing charge pursuant to Receiver's Certificate dated December 20, 2024, subordinate only to the Receiver's Charge
- unsecured creditorsnote: Excludes penalties and interest; deemed trust class (CRA claim) · page: 54 · as of: 2025-02-26 · basis: CRA notices of assessment issued February 26, 2025, for period April 1, 2024 to November 7, 2024 · amount: 5763.67 · debtor: Port Daniel Holdings Inc. · creditor: Canada Revenue Agency (CRA) - unremitted HST · currency: CAD
- unsecured creditorsnote: Excludes penalties and interest; deemed trust class (CRA claim) · page: 54 · as of: 2025-02-13 · basis: Payroll examination of account dated February 13, 2025 · amount: 8756.08 · debtor: Port Daniel Holdings Inc. · creditor: Canada Revenue Agency (CRA) - unremitted payroll source deductions · currency: CAD
- unsecured creditorsnote: Preferred/priority municipal tax claim to be paid from closing proceeds; accrued interest continues · page: 54 · as of: 2025-03-06 · basis: 2025 interim tax certificate dated January 20, 2025; total tax amount due as at March 6, 2025 (overdue $24,573.57 plus first installment 2025) · amount: 37149.57 · debtor: Port Daniel Holdings Inc. · creditor: City of Mississauga (unpaid property taxes) · currency: CAD
- unsecured creditorsnote: Inclusive of HST; priority payment ordered by court, not a trade unsecured claim · page: 55 · as of: 2025-03-19 · basis: Bill of costs and invoices for substantial indemnity cost award pursuant to paragraph 32 of the Appointment Order · amount: 71811.81 · debtor: Port Daniel Holdings Inc. · creditor: Paul McCallion (Applicant costs award) · currency: CAD
- closing confirmedscope: the Shop Property · outcome: completed · purchaser: 1001162698 Ontario Inc. · date basis: unstated · approval order date: 2025-04-02
- fee scheduleengagements: form: prose · rows: · money: total: quote: professional fees and disbursements totaling $45,568.49, inclusive of applicable HST · amount: 45568.49 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-01-31 · kind: cumulative · quote: for the period March 1, 2024, to January 31, 2026 · start: 2024-03-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: Fuller Landau Group Inc. · firm quote: The Fuller Landau Group Inc. (' Fuller Landau ') was appointed receiver (the ' Receiver ') · context quote: Fuller Landau, in its capacity as Receiver, incurred professional fees and disbursements totaling $45,568.49, inclusive of applicable HST, for the period March 1, 2024, to January 31, 2026.; form: time_summary · rows: · money: approximate: false · period: end: 2026-01-30 · kind: invoice · label: the Billing Period · quote: for the period from March 10, 2025, through January 30, 2026 (the ' Billing Period ') · start: 2025-03-10 · approval: state: unstated · averages: rate: 518.73 · quote: resulting in an average hourly rate of $518.73 (exclusive of applicable taxes) · currency: · invoices: · firm text: Loopstra Nixon · firm quote: the Statement of Accounts issued by Loopstra Nixon in respect of services rendered · hours total: quote: 145.20 hours were billed by Loopstra Nixon during the Billing Period · value: 145.2 · context quote: during which time we provided counsel to the Receiver.
- process resultsbids: 20 · ndas: 60 · note: CBRE reported 114 inquiries, 60 NDAs, 25 tours, and 20 offers by the Bid Deadline plus 2 late offers · as of: 2025-02-25 · solicited: 2366
- purchaser1001162698 Ontario Inc.
- sale advisorCBRE Limited
- sale outcometext: Receiver closed the sale of the Shop Property · scope: parcel · status: closed