Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 4 November 2024
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 filing11 verified
- applicantPETER ADAMO, CROCETTA ADAMO, G.A.P FARMS INC., TAXMART INC., FILBITRON MARKETING CORP 2018 LTD., FONTE SANTA INC., CINZIA CAMARDA, ANTONINI FAMILY HOLDINGS INC., M ANTONINI HOLDINGS INC., LUCKY FOUR INVESTMENTS INC., SUMMER WIND DEVELOPMENTS INC., CARLO PERFETTO, 2205633 ONTARIO INC., DONALD IERFINO
- commencement date15 October 2024
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00728856-00CL
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- secured creditorsnote: PPSA registrant against Fugiel; amount not stated. · page: 15 · as of: 2024-09-30 · debtor: Pawel Fugiel · creditor: Newroads Automotive Group Ltd. · currency: CAD · security: PPSA Registration No. 20220601 1259 1210 9587
- secured creditorsnote: Joint PPSA registrants against Fugiel under one registration; amount not stated. · page: 15 · as of: 2024-09-30 · debtor: Pawel Fugiel · creditor: 903287 Ontario Limited, 1027174 Ontario Limited, Saneph Investments Inc. · currency: CAD · security: PPSA Registration No. 20221115 1601 1590 8517
- secured creditorsnote: Blanket/all-property PPSA registrant against Fugiel; amount not stated. · page: 15 · as of: 2024-09-30 · debtor: Pawel Fugiel · creditor: MarshallZehr Group Inc. · currency: CAD · security: PPSA Registration Nos. 20211125 1519 1590 6051 and 20211125 1519 1590 6052
- secured creditorsnote: Loan 1 principal was $8,814,000.00 (original advance); outstanding balance as of Sept 30, 2024 is $10,087,356.25 with interest accruing at 9.25% per annum plus legal fees/disbursements. Loan matured March 1, 2023; demand letter and NOI issued April 28, 2023 (Loan 1 Demand), ten-day period expired. Also guaranteed personally by Pawel Fugiel per Guarantee dated February 23, 2022. · page: 16 · as of: 2024-09-30 · amount: 10087356.25 · debtor: Fudzi International Group Inc. (guaranteed by Pawel Fugiel) · creditor: Loan 1 Lenders (Peter Adamo, Crocetta Adamo, G.A.P Farms Inc., Taxmart Inc., Filbitron Marketing Corp 2018 Ltd., Fonte Santa Inc., Cinzia Camarda, Antonini Family Holdings Inc., M Antonini Holdings Inc., Lucky Four Investments Inc., Summer Wind Developments Inc., Carlo Perfetto, 2205633 Ontario Inc., Donald Ierfino, Ontario North Landscaping Inc., Lazaro Da Igreja, Antonio Pizzardi, Davide Pizzardi, Pizzardi Investments, Daniele Pizzardi, ELCRM Holdings Inc., Imperio SA Holdings Inc.) · currency: CAD · security: First ranking Charge Instrument No. SN715089 (principal $8,814,000.00) against Parcel 1 and Parcel 2; General Security Agreement/PPSA Registration No. 20220301 1637 1590 0565 (FIG) and No. 20220301 1644 1590 0570 (Fugiel); General Assignment of Rents Instrument No. SN715090
- secured creditorsnote: Loan 2 principal was $3,175,000.00 (original advance); outstanding balance as of Sept 30, 2024 is $3,776,062.56 with interest accruing at 12.50% per annum plus legal fees/disbursements. Loan matured April 1, 2023; demand letter and NOI issued April 28, 2023 (Loan 2 Demand), ten-day period expired. Also guaranteed personally by Pawel Fugiel per Guarantee dated September 28, 2022. · page: 17 · as of: 2024-09-30 · amount: 3776062.56 · debtor: Fudzi International Group Inc. (guaranteed by Pawel Fugiel) · creditor: Loan 2 Lenders (ELCRM Holdings Inc., Imperio SA Holdings Inc.) · currency: CAD · security: Second ranking Charge Instrument No. SN744010 (principal $3,175,000.00) against Parcel 3; cross-collateralized second Charge Instrument No. SN743998 against Parcel 1 and Parcel 2; General Security Agreement/PPSA Registration No. 20220929 1425 1590 2290 (FIG) and No. 20220929 1425 1590 2291 (Fugiel); General Assignments of Rents Instrument Nos. SN743999 and SN744011
- secured creditorsnote: Amount stated is registered principal of the VTB Mortgage, not necessarily current outstanding balance. Notice of Sale dated May 30, 2024 issued in respect of the VTB Mortgage. · page: 20 · amount: 825000 · debtor: Pawel Fugiel · creditor: Antonio Miano and Mary Ann Miano · currency: CAD · security: First ranking Charge Instrument No. SN726175 against Parcel 3 (the "VTB Mortgage") - principal amount