Ontario · Receivership (court-appointed)

Motion Record

Application / notice of application · 16 October 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 filing1 verified

secured creditorsnote: Amount is what Hillmount was owed at the date of the distribution (February 9, 2026), against which $12,543,971.38 of net sale proceeds was distributed, leaving a stated shortfall of $136,884.78. On September 16, 2026 Hillmount confirmed it had received sufficient funds (from CRA HST refunds) to repay its indebtedness in full, so the debt is now satisfied. Hillmount also advanced the Receiver Loan under a Receiver's certificate (borrowing limit $500,000), which was repaid from sale proceeds. · page: 7 · as of: 2026-02-09 · amount: 12680856.16 · debtor: Teresa Greco, Mario Greco and Lisa Volpe · creditor: Hillmount Capital Mortgage Holdings Inc. · currency: CAD · security: Charge registered 2021/06/21 (YR3269552, $8,500,000) with notices of $8,500,000 (2022/10/07) and $11,800,000 (2023/12/22) on the Whitchurch-Stouffville properties (5318 Main St and 12371 Highway 48). Registered figures are registration amounts, not balances.