Ontario · Receivership (court-appointed)
Notice and Statement of the Receiver.pdf
Notice to creditors · 16 November 2023
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 filing41 verified
- appointeeGrant Thornton Limited
- appointee rolereceiver
- commencement date6 November 2023
- courtDistrict of Ontario
- court file noCV-23-00701950-00CL
- financial positionpage: 1 · as at: 2023-11-07 · basis: Internally prepared unaudited financial statements (book value) · scope: 55 Town Centre Holdings Ltd. (entity level) · currency: CAD · total assets: 30503235
- provinceOntario
- statutory basisSection 245(1) and 246(1) of the Bankruptcy and Insolvency Act
- secured creditorsnote: Per demand dated May 25, 2023; PPSA registration search, no acknowledgement by Receiver of amounts owing or security claimed · page: 2 · as of: 2023-05-25 · amount: 29346624 · debtor: 55 Town Centre Holdings Ltd. · creditor: The Bank of Nova Scotia · currency: CAD
- secured creditorsnote: Per books and records as at September 30, 2023; PPSA registration search, no acknowledgement by Receiver of amounts owing or security claimed · page: 2 · as of: 2023-09-30 · amount: 3000000 · debtor: 55 Town Centre Holdings Ltd. · creditor: Alleghe Mortgage Fund Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 3390 · debtor: 55 Town Centre Holdings Ltd. · creditor: Highbury Asset Management Corp · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 19564 · debtor: 55 Town Centre Holdings Ltd. · creditor: Indigo Parking Canada Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 73666.28 · debtor: 55 Town Centre Holdings Ltd. · creditor: Jones DesLaurier Insurance Monthly Pre Auth · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 9209.5 · debtor: 55 Town Centre Holdings Ltd. · creditor: Jones Lang LaSalle Real Estate Services · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 678.35 · debtor: 55 Town Centre Holdings Ltd. · creditor: Logic Control Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 153424.88 · debtor: 55 Town Centre Holdings Ltd. · creditor: Magnum Protective Services Limited · currency: CAD
- unsecured creditorsnote: Collections Branch · page: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 1 · debtor: 55 Town Centre Holdings Ltd. · creditor: Ministry of Finance · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 4540.75 · debtor: 55 Town Centre Holdings Ltd. · creditor: Norkem Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 3483.8 · debtor: 55 Town Centre Holdings Ltd. · creditor: Peregrine Security · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 63069.22 · debtor: 55 Town Centre Holdings Ltd. · creditor: Pocrnic Realty Advisors Inc · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 45453.77 · debtor: 55 Town Centre Holdings Ltd. · creditor: RAR Litigation Lawyers · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 90.39 · debtor: 55 Town Centre Holdings Ltd. · creditor: Rogers · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 38976.12 · debtor: 55 Town Centre Holdings Ltd. · creditor: Santi Services · currency: CAD
- unsecured creditorsnote: No acknowledgement by Receiver of amounts owing or total due · page: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 4351 · debtor: 55 Town Centre Holdings Ltd. · creditor: 1978340 Ontario Limited · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 141.25 · debtor: 55 Town Centre Holdings Ltd. · creditor: Adept Lock, Safe and Auto Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 12430 · debtor: 55 Town Centre Holdings Ltd. · creditor: Berta Landscaping & Property Maintenance · currency: CAD
- unsecured creditorsnote: Listed as Insolvency Unit; possible deemed trust class not specified in document · page: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 161979 · debtor: 55 Town Centre Holdings Ltd. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 14960.77 · debtor: 55 Town Centre Holdings Ltd. · creditor: Colliers International Realty Advisors Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 72658.55 · debtor: 55 Town Centre Holdings Ltd. · creditor: Enbridge Gas Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 1989.15 · debtor: 55 Town Centre Holdings Ltd. · creditor: GFL Environmental Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 3150.8 · debtor: 55 Town Centre Holdings Ltd. · creditor: GNK Good-N Klean Products Limited · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 34425.45 · debtor: 55 Town Centre Holdings Ltd. · creditor: Grewal Guyatt LLP · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 135.6 · debtor: 55 Town Centre Holdings Ltd. · creditor: Space Database · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 598.52 · debtor: 55 Town Centre Holdings Ltd. · creditor: Terminix Canada Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 178813.81 · debtor: 55 Town Centre Holdings Ltd. · creditor: Toronto Hydro Electric System · currency: CAD
- unsecured creditorsnote: Municipal taxes; potential preferred claim not explicitly stated as such in document · page: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 690278.73 · debtor: 55 Town Centre Holdings Ltd. · creditor: Toronto Property Tax (City of Toronto, Revenue Services) · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 61315.84 · debtor: 55 Town Centre Holdings Ltd. · creditor: Toronto Water & Solid Waste Management · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 5327.07 · debtor: 55 Town Centre Holdings Ltd. · creditor: Trident Elevator Company Limited · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 5915.18 · debtor: 55 Town Centre Holdings Ltd. · creditor: Woodham's Combustion Inc. · currency: CAD
- unsecured creditorsnote: Legal Services Division · page: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 1 · debtor: 55 Town Centre Holdings Ltd. · creditor: Workplace Safety & Insurance Board · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-11-16 · basis: Creditor Mailing List prepared by Receiver · amount: 1062.2 · debtor: 55 Town Centre Holdings Ltd. · creditor: Skyreach Window & Building Services · currency: CAD