Ontario · Receivership (court-appointed)
Motion Record dated September 11, 2026 (Returnable September 23, 2026).pdf
Application / notice of application · 11 September 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 filing3 verified
- secured creditorsnote: First-ranking secured creditor of the Real Property per motion record (para 17-18, 21); prior registered owner/transferor of the property (related party); represented by WeirFoulds LLP; supports the proposed Transaction; specific outstanding balance not stated in these pages · page: 3 · debtor: 880EA Corp. and 880EA LP · creditor: Michael & Michael Auto Body Ltd. (M&M) · currency: CAD · security: Charge by Partnership registered February 7, 2020 (Instrument AT5360669) in the amount of $4,320,000 (registered principal, PIN 21391-0175); related Notices registered 2022-2024
- secured creditorsnote: Counsel of record is Osler, Hoskin & Harcourt LLP; balance not stated in these pages; subordinate in registration order to CMSC/M&M charges (registered later in time) · page: 5 · debtor: 880EA Corp., 880EA LP, 874EA Corp. · creditor: Kingsett Mortgage Corporation · currency: CAD · security: Charge by Partnership registered March 28, 2025 (Instrument AT6785996/AT6785995) in the amount of $4,850,000 (registered principal) against PINs 21391-0175, 21391-0172, and 21391-0173
- secured creditorsnote: Loan principal originally $10.3 million per commitment letter dated January 29, 2020, as amended; judgment amount is exclusive of continuing interest, legal fees, disbursements and other expenses; TAS LP 3 guaranteed the Loan; first-ranking secured creditor per First Report; supports the proposed Transaction · page: 12 · as of: 2025-09-16 (judgment date) · amount: 10734679.39 · debtor: 880EA Corp., 880EA LP, 874EA Corp., 874EA LP and TAS LP 3 (joint and several) · creditor: Canadian Mortgage Servicing Corporation (CMSC) · currency: CAD · security: First-ranking mortgage charges over the Properties (80 Knox, 880 Eastern, 874 Eastern, 876 Eastern) and General Security Agreement dated February 4, 2020; registered charges of $7,800,000 (880EA, reg. 2020/02/07) and $10,300,000 (874EA, reg. 2022/09/29)