Ontario · Receivership (court-appointed)
Fourth Report of the Receiver, dated July 14, 2026
Court officer report · 14 July 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing12 verified
- cash on handnote: before accounting for accrued fees and expenses · as at: 2026-06-30 · amount: 36430745 · currency: CAD · qualifier: approximately
- closing confirmedscope: the Moatfield Property · outcome: completed · effective: 2026-06-04 · purchaser: 1001198779 Ontario Inc. · date basis: stated · approval order date: 2025-12-11
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 629.68 · quote: The average hourly rate of Aird & Berlis LLP is $ 629.68 . · currency: · invoices: · firm text: Aird & Berlis LLP · firm quote: The average hourly rate of Aird & Berlis LLP is $ 629.68 . · context unverified: true
- operational summaryThe receivership sold the Debtor's sole material asset, the Moatfield office property, which closed June 4, 2026, and the Debtor no longer has material assets to administer; a bankruptcy order is now being sought to wind up remaining matters including CRA's claim.
- process resultsbids: 6 · ndas: 23 · note: 23 parties signed confidentiality agreements; 10 toured the property; six offers received before the Bid Deadline; four revised offers by August 11, 2025; one further offer submitted after August 11, 2025 · as of: 2025-08-11
- professional feesnote: representing $115,319.25 in fees and $14,991.50 in HST; A&B (Receiver's counsel) fees separately $234,654.90 for October 2, 2025 to June 30, 2026 (representing $206,346.50 in fees, $1,418.23 in disbursements, and $26,890.17 in HST) · party: Receiver (Ernst & Young Inc.) · amount: 130310.75 · period: November 1, 2025 to June 5, 2026 · currency: CAD
- purchaser1001198779 Ontario Inc.
- recovery outcomeentries: basis: estimated · quote: BOCC expects to suffer a material shortfall on its secured claim, as the net proceeds of sale are insufficient to repay BOCC in full. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BOCC · creditor name: Bank of China (Canada) · interim final: unstated · claims qualifier: unstated · stated on: 2026-07-14 · table missing:
- report date14 July 2026
- report noFourth Report of the Receiver
- sale advisorCushman & Wakefield ULC
- sale outcometext: The Sale Transaction closed on June 4, 2026 after two extensions. · scope: whole_business · status: closed