Ontario · Receivership (court-appointed)
Application Record - Elliot Lake and East Algoma
Application / notice of application · 24 April 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 filing10 verified
- applicantELLIOT LAKE AND NORTH SHORE CORPORATION FOR BUSINESS DEVELOPMENT and EAST ALGOMA COMMUNITY FUTURES DEVELOPMENT CORPORATION/ALGOMA EST SOCIETE D'AIDE AU DEVELOPPEMENT DES COLLECTIVITES
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-23-00011162-0000
- provinceONTARIO
- commencement date20 April 2023
- appointeeBDO
- appointee roleReceiver
- secured creditorsnote: Municipal tax arrears certificate registered on title · page: 10 · as of: 2019-12-31 · amount: 31506.27 · debtor: Almenara En El Rio Inc. · creditor: The Corporation of the Town of Spanish · currency: CAD · security: Tax Arrears Certificate registered against the Property on February 26, 2020 as Instrument No. AL209889
- secured creditorsnote: Amount per Demand Notice and Notice of Intention to Enforce Security dated April 12, 2023; plus interest, legal fees, disbursements and other expenses not quantified · page: 164 · as of: 2023-04-12 · amount: 125318.81 · debtor: Almenara En El Rio Inc. · creditor: East Algoma Community Futures Development Corporation/Algoma Est Societe D'aide Au Developpement Des Collectivites · currency: CAD · security: Charge/Mortgage registered May 4, 2011 as Instrument No. AL85552 (registered principal $122,000, subsequently increased to $144,000 loan); General Security Agreement dated May 3, 2011; PPSA Financing Statement reg. no. 20110504 1539 1793 9067; ranks pari passu with Elliot Lake Corp. security per Pari Passu Agreement dated May 3, 2011
- secured creditorsnote: Amount per Demand Notice and Notice of Intention to Enforce Security dated April 12, 2023; plus interest, legal fees, disbursements and other expenses not quantified · page: 169 · as of: 2023-04-12 · amount: 153061.73 · debtor: Almenara En El Rio Inc. · creditor: Elliot Lake and North Shore Corporation For Business Development · currency: CAD · security: Charge/Mortgage registered May 4, 2011 as Instrument No. AL85551 (registered principal $122,000.00); General Security Agreement dated May 3, 2011; PPSA Financing Statement reg. no. 20110504 1538 1793 9066; ranks pari passu with East Algoma Corp. security per Pari Passu Agreement dated May 3, 2011