Ontario · Receivership (court-appointed)
Affidavit of Itzhak (Yitz) Levinson – Hillmount Capital (September 1, 2026) – Part 1 of 3
Affidavit · 1 September 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 filing13 verified
- applicantHILLMOUNT CAPITAL MORTGAGE HOLDINGS INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-26-00001551-0000
- 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
- appointeeGoldhar & Associates Ltd.
- appointee rolereceiver and manager
- secured creditorsnote: Aggregate Indebtedness as of Aug 26, 2026, plus per diem interest of $261.10 continuing to accrue; original Loan principal $950,000 (round figure) advanced Oct 2019, most recently renewed Feb 23, 2026 · page: 4 · as of: 2026-08-26 · amount: 1077118.91 · debtor: 2715573 Ontario Inc. · creditor: Hillmount Capital Mortgage Holdings Inc. (assignee of Hillmount Capital Inc.) · currency: CAD · security: First-ranking charge (James Mortgage) registered $950,000 against 25 James Street; second-ranking charge (Samford Mortgage) registered $950,000 against 413 Samford Place; GSAs from 271 Ontario and 266 Ontario; Assignment of Security/Material Contracts; Assignment of Insurance Policies; guarantees from Christopher Cimicata, Guerino Matthew Cimicata, Natasha Pinto-Cimicata and 266 Ontario
- secured creditorsnote: Purchasers who registered charge to protect their deposit · page: 10 · debtor: 2715573 Ontario Inc. · creditor: Davor Skoko and Ivana Cosic · currency: CAD · security: Third-ranking charge registered against James Property in the amount of $170,000 (registered principal, not stated balance)
- secured creditorsnote: Registered principal amount, not a stated outstanding balance; Samford Mortgage is subordinate to this charge · page: 10 · debtor: Guerino Matthew Cimicata and Natasha Pinto-Cimicata · creditor: Bank of Nova Scotia · currency: CAD · security: First-ranking charge against Samford Property; registered principal amount $1,400,000
- secured creditorsnote: Municipal tax arrears certificate; remains registered on title · page: 10 · as of: 2025-12-01 · amount: 45927 · debtor: Guerino Matthew Cimicata and Natasha Pinto-Cimicata · creditor: Corporation of the Town of Oakville · currency: CAD · security: Tax arrears certificate registered against Samford Property
- secured creditorsnote: Equipment financier; PPSA registration per PPSR report dated July 19, 2026 · page: 10 · debtor: 2661793 Ontario Inc. · creditor: Kubota Canada Ltd. · currency: CAD · security: PPSA financing statement registered against leased motor vehicles/equipment
- secured creditorsnote: Discharged/cleared - HCI paid $11,103.27 to Town of Halton Hills to clear this registered tax certificate · page: 11 · as of: 2025-11-06 · amount: 9621.65 · debtor: 2715573 Ontario Inc. · creditor: Town of Halton Hills · currency: CAD · security: Tax certificate on James Property; property in tax-sale process
- secured creditorsnote: Amount per Notice of Sale dated April 16, 2026; construction financier; ceased advancing funds and commenced enforcement · page: 14 · as of: 2026-04-16 · amount: 4507509.83 · debtor: 2715573 Ontario Inc. · creditor: Transform Industries Inc. · currency: CAD · security: Second-ranking charge and third-ranking charge over James Property; second-ranking general security interest over properties of 271 Ontario and 266 Ontario