Ontario · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 17 January 2025
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 filing6 verified
- operational summaryThe Company operated as a landlord of a single tenant at the Commercial Property; the tenant vacated as of December 31, 2024, leaving the property vacant, and the Receiver is now focused on maintaining the property and conducting a sale process rather than ongoing operations.
- receipts cumulativenote: Receipts relate entirely to funds received by way of Receiver's Borrowings; no funds were available to be swept from NBC accounts due to an ongoing dispute. · since: December 2, 2024 (Date of Appointment) · amount: 55000 · currency: CAD
- report date17 January 2025
- report noFirst Report
- sale advisorAvison Young Commercial Real Estate Services, LP
- sale outcometext: Receiver seeking approval of a proposed Sale Process for the Commercial Property; no bids solicited yet · scope: parcel · status: process_approved