Ontario · Receivership (court-appointed)
First Report of the Receiver, without appendices (for motion returnable August 17, 2026)
Court officer report · 7 August 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 filing10 verified
- secured creditorsnote: Plus per diem interest of $1,654 and costs of enforcement (not included in stated amount). Also holds multiple PPSA registrations (2023) over inventory, equipment, accounts, other, motor vehicle. · page: 7 · as of: 2026-01-28 · amount: 9851369 · debtor: Baiocchi Ventures Inc. · creditor: Alterna Savings and Credit Union Limited · currency: CAD · security: First registered mortgage on the Curity Property (15 Curity Avenue, Toronto)
- secured creditorsnote: Related party: 226 Ontario is a corporation of which Ms. Baiocchi (spouse of BVI's sole director) is sole director. Registered without Alterna's consent; Alterna alleges registration breached BVI's covenants (disputed). Loan and security documents not provided to Receiver. · page: 7 · debtor: Baiocchi Ventures Inc. · creditor: 1000097226 Ontario Ltd. ("226 Ontario") · currency: CAD · security: Second charge registered May 27, 2025 against the Curity Property; registered principal amount $3,000,000 (registration, not confirmed balance)
- secured creditorsnote: Loan and security documents not provided to Receiver despite requests; unclear whether this represents a separate loan from, or the same loan as, the Glee Blais Entities' Maynard Property mortgage. · page: 7 · debtor: Baiocchi Ventures Inc. · creditor: Glee Blais Holdings Limited, Ciccone Holdings Inc., Kikely Holdings Inc., Jeremiah Joseph Rose, and Edith Marlene Rome ("Glee Blais Entities") · currency: CAD · security: Subsequent mortgage registered June 23, 2025 against the Curity Property; registered principal amount $1,200,000
- secured creditorsnote: Mortgage in default by no later than December 2, 2025; Notice of Sale served December 19, 2025; foreclosure/payment action commenced February 27, 2026. Also holds PPSA registration (2022) over inventory, equipment, accounts, other. · page: 7 · as of: 2025-12-19 · amount: 2285622 · debtor: Baiocchi Ventures Inc. · creditor: Holloway Trading Corporation · currency: CAD · security: First registered mortgage on the Maynard Property (8318 Maynard Road, Orono)
- secured creditorspage: 7 · debtor: Baiocchi Ventures Inc. · creditor: 379003 Ontario Limited, Angelo Italiano, Jano Italiano, Carmela Vinzi and Anthony Vinzi ("379 Parties") · currency: CAD · security: Mortgage registered July 30, 2024 against the Maynard Property; registered principal amount $760,000
- secured creditorsnote: Loan and security documents not provided to Receiver; unclear whether this represents a separate $1.2 million loan from, or the same loan as, the Glee Blais Entities' Curity Property mortgage. · page: 7 · debtor: Baiocchi Ventures Inc. · creditor: Glee Blais Holdings Limited, Ciccone Holdings Inc., Kikely Holdings Inc., Jeremiah Joseph Rose, and Edith Marlene Rome ("Glee Blais Entities") · currency: CAD · security: Mortgage registered April 17, 2025 against the Maynard Property; registered principal amount $1,200,000
- secured creditorsnote: PPSA search current to June 28, 2026; Receiver not in possession of any equipment subject to these registrations; details of security requested from each creditor. · page: 8 · debtor: Baiocchi Ventures Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PPSA registrations against equipment: Xpedite Leasing Inc. (June 8, 2022), Meridian OneCap Credit Corp. (July 29, 2022, Equipment/Other), Excel Leasing Inc. (September 19, 2022), Arbutus Capital Leasing Ltd. (June 19, 2024 and January 31, 2025)
- fee scheduleengagements: form: prose · rows: · money: fees: quote: 164.9 hours at an average hourly rate of $474.85 for a total of $78,302.00 · amount: 78302 · approximate: false · period: end: 2026-07-31 · kind: cumulative · label: the receivership period from inception to July 31, 2026 · quote: the Receiver is seeking approval of its accounts and the accounts of Cassels for the receivership period from inception to July 31, 2026 · approval: quote: the Receiver is seeking approval of its accounts and the accounts of Cassels for the receivership period from inception to July 31, 2026 · state: sought · averages: rate: 474.85 · quote: an average hourly rate of $474.85 · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: This first report (the ' First Report ' ) is filed by Albert Gelman Inc. ( ' AGI ' ), in its capacity as courtappointed receiver (the ' Receiver ' ) · hours total: quote: The Receiver ' s fees encompass 164.9 hours at an average hourly rate of $474.85 for a total of $78,302.00, plus disbursements and applicable taxes. · value: 164.9 · context quote: in its capacity as courtappointed receiver (the ' Receiver ' ); form: prose · rows: · money: fees: quote: total fees of $64,635.50 · amount: 64635.5 · total: quote: accounts totalling $73,420.53, inclusive of disbursements and applicable taxes · amount: 73420.53 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-07-31 · kind: cumulative · label: the period to July 31, 2026 · quote: The fees and disbursements of Cassels for the period to July 31, 2026 are detailed in the affidavit of Alec Hoy, sworn August 6, 2026 · approval: quote: the Receiver is seeking approval of its accounts and the accounts of Cassels for the receivership period from inception to July 31, 2026 · state: sought · averages: rate: 961.83 · quote: an average hourly rate of $961.83 · currency: · invoices: · firm text: Cassels · firm quote: the accounts of Cassels for the receivership period from inception to July 31, 2026 · hours total: quote: Cassels ' fees encompass 67.2 hours at an average hourly rate of $961.83 · value: 67.2 · context quote: The fees and disbursements of Cassels for the period to July 31, 2026 are detailed in the affidavit of Alec Hoy, sworn August 6, 2026
- sale advisorCDN Global (GTA) Real Estate Services and Lennard Commercial Realty, Brokerage; Lennard Commercial Realty Inc.
- sale outcometext: Receiver seeking approval of sales process for both Real Properties; not yet listed or sold · scope: whole_business · status: process_approved