Ontario · Receivership (court-appointed)
Notice and Statement of the Receiver – Skymark Finance Corporation (March 14, 2023)
Notice to creditors · 14 March 2023
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 filing48 verified
- financial positionnote: Both sides stated as at February 28, 2023. Appendix A lists BNY Trust Company of Canada and Enbridge Gas Inc. as secured with amounts TBD, and numerous unsecured claims TBD, so stated liabilities may be understated. · page: 1 · as at: 2023-02-28 · basis: Estimated book value based on Skymark's unaudited books and records; 'Realizable values may materially differ from the above. The Receiver has not audited, reviewed or otherwise attempted to verify the accuracy of the foregoing.' Liabilities per Receiver's statement: secured $47,378K, unsecured $7,945K, total $55,323K (in CAD$ 000s); Appendix A grand total $55,322,849.70. · scope: Skymark Finance Corporation (single entity); assets: Loans Receivable $37,560K, Fixed Assets $16,136K, Accounts Receivable $3,111K, Other Assets $72K, Cash $11K · currency: CAD · total assets: 56890000 · total liabilities: 55323000
- secured creditorsnote: Listed as secured creditor; amount stated as 'TBD'. Not itemised in the stated secured total. · page: 3 · debtor: Skymark Finance Corporation · creditor: Enbridge Gas Inc. · currency: CAD
- secured creditorsnote: Amount per Appendix A list of known creditors as at the date of receivership; based on Skymark's unaudited books and records, not audited or verified by the Receiver. Aggregate secured per para. 5 stated as $47,378 thousand. · page: 3 · as of: 2023-02-28 · amount: 47378008 · debtor: Skymark Finance Corporation · creditor: Bridging Financing Inc. · currency: CAD
- secured creditorsnote: Listed as secured creditor; amount stated as 'TBD'. Not itemised in the stated secured total. · page: 3 · debtor: Skymark Finance Corporation · creditor: BNY Trust Company of Canada · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 115000 · debtor: Skymark Finance Corporation · creditor: Judy Buglyo · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 1383541 · debtor: Skymark Finance Corporation · creditor: Kestrel Limited · currency: CAD
- unsecured creditorsnote: Provincial government claim; amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Minister of Finance (Ontario) Insolvency Unit · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 18080 · debtor: Skymark Finance Corporation · creditor: Kostioutchenko and Patel CPAs · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 200000 · debtor: Skymark Finance Corporation · creditor: Andreas Drentsios · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 235000 · debtor: Skymark Finance Corporation · creditor: Ann Karmen Lum · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 68529.78 · debtor: Skymark Finance Corporation · creditor: Chaitons LLP · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 65433.33 · debtor: Skymark Finance Corporation · creditor: Cody Devine · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 250000 · debtor: Skymark Finance Corporation · creditor: David Stoddard · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 70.43 · debtor: Skymark Finance Corporation · creditor: ECS Corporate Services Ltd. · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Jennifer Lillie, JD, re: Joshi, Shcuchi · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: John H. Reiterowski, re: Porter, Benjamin · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: John Robinson, re: Holloway, Susan · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: John Robinson, re: Qassim, Hanan · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Laman Meshadiyeva, re: Herrera, Maria Anita · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Leon Presner, re: Hasan Syed and Nusrat · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Mike Bhimsingh, re: Bhimsingh, Roy · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 20000 · debtor: Skymark Finance Corporation · creditor: 2584979 Ontario Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 220000 · debtor: Skymark Finance Corporation · creditor: Alex Andruss · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 1000000 · debtor: Skymark Finance Corporation · creditor: Krystle Slattery · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 29351.6 · debtor: Skymark Finance Corporation · creditor: LAX O'Sullivan Lisus Gottlieb LLP · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 175000 · debtor: Skymark Finance Corporation · creditor: M. Lydon · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 470000 · debtor: Skymark Finance Corporation · creditor: Meva Yee-Quee · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 4900.5 · debtor: Skymark Finance Corporation · creditor: Own Backup · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 830645.66 · debtor: Skymark Finance Corporation · creditor: Paul Millar · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 3283 · debtor: Skymark Finance Corporation · creditor: Precision Paralegal Services LLP · currency: CAD
- unsecured creditorsnote: Listed under unsecured creditors; HST claim (CRA / Receiver General). Separate Receiver General entry at 1050 Notre Dame Ave is TBD. · page: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 219286.64 · debtor: Skymark Finance Corporation · creditor: Receiver General (HST) · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 1400000 · debtor: Skymark Finance Corporation · creditor: Seagrave Building Systems Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 50000 · debtor: Skymark Finance Corporation · creditor: Stephanie Boikovits · currency: CAD
- unsecured creditorsnote: Appears to be counsel for a claimant/plaintiff; amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Adam Lefler, re: De Oliveira, Tammy · currency: CAD
- unsecured creditorsnote: Appears to be counsel for a claimant; amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Adam Szymura, re: Tkacz, Peter · currency: CAD
- unsecured creditorsnote: Plaintiffs; amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Amershi, Akbar & Yasmine (plaintiffs) · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Employees, various · currency: CAD
- unsecured creditorsnote: Counsel for various plaintiffs; amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Eric Sabbah, re: various plaintiffs · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 265000 · debtor: Skymark Finance Corporation · creditor: Elizabeth Slattery · currency: CAD
- unsecured creditorsnote: Paralegal for a claimant; amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Hans Traffic Ticket Paralegal, re: Zaia, Fared · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Osei Owusu, re: Kyere, Ernest and Dependable Home Solutions · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Jaime Castellanos · currency: CAD
- unsecured creditorsnote: Federal Crown claim, distinct from the Receiver General (HST) entry with stated amount; amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Receiver General (1050 Notre Dame Ave, Sudbury) · currency: CAD
- unsecured creditorsnote: Amount TBD. · page: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Weston Powell of Powell Litigation, re: Lynn Williams · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A; amount stated as TBD · debtor: Skymark Finance Corporation · creditor: Frederick Tanda · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 220000 · debtor: Skymark Finance Corporation · creditor: Erlinda Beatty · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 58.76 · debtor: Skymark Finance Corporation · creditor: Floral Image Ontario · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-02-28 · basis: Appendix A list of known creditors, unaudited books and records, not verified by Receiver · amount: 701661 · debtor: Skymark Finance Corporation · creditor: Janodee Investments Ltd. · currency: CAD