Ontario · Bankruptcy
First Report of the Trustee
Court officer report · 13 May 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 filing9 verified
- secured creditorsnote: Alleged secured claim per Claims Register; not yet evaluated by Trustee. Appears on PPSA Registry as purported secured claim. · page: 91 · amount: 2821814 · debtor: RHH Rental Properties Ltd. · creditor: Equiton Real Estate Development Fund Limited Partnership · currency: CAD
- secured creditorsnote: Alleged secured claim per proof of claim in Claims Register (Appendix C); Trustee says claims not yet evaluated and validity not confirmed. Trustee text describes one claimant asserting approx. $13.8 million secured. Report p.13 notes one claimant took steps to enforce on its security over RHH's interest in 45 Agnes, which the Trustee opposed (not specified which creditor). · page: 91 · amount: 13834185 · debtor: RHH Rental Properties Ltd. · creditor: 1000931276 Ontario Inc. · currency: CAD
- secured creditorsnote: Deemed trust claim (regulatory/quasi-governmental class) with priority over other interests. Report text states $147,964; Claims Register states $147,965. Claim not yet evaluated by Trustee. · page: 91 · amount: 147965 · debtor: RHH Rental Properties Ltd. · creditor: CRA - Tax - Ontario · currency: CAD · security: Deemed trust under the Income Tax Act for unremitted payroll deductions
- secured creditorsnote: Alleged secured claim per Claims Register; not yet evaluated by Trustee. · page: 91 · amount: 100000 · debtor: RHH Rental Properties Ltd. · creditor: Sherrie Korba · currency: CAD
- secured creditorsnote: Alleged secured claim per Claims Register; not yet evaluated by Trustee. · page: 91 · amount: 679000 · debtor: RHH Rental Properties Ltd. · creditor: Konkle Eletric Limited · currency: CAD
- secured creditorsnote: Alleged secured claim per Claims Register; not yet evaluated by Trustee. · page: 91 · amount: 350000 · debtor: RHH Rental Properties Ltd. · creditor: Graham Kerr · currency: CAD
- unsecured creditorsnote: Proofs of claim received, not adjudicated. Report text (para 25, as of report date) states 127 unsecured claims totalling $99,378,490 (approx. $99 million); the Claims Register total is 128 claims / $100,518,155. Individual creditors appear in the register (e.g., Kingsett Capital c/o First National Financial LP $21,999,036; Cherry Forest Products $13,919,728; RKSPM Investments Inc $7,819,123; Kessab Investments $5,491,500; John and Katherine Baranski $4,257,096; CRA - Tax - Ontario $934,123). Register is itemised across pages 91-92. · page: 92 · basis: Claims Register (Appendix C) total of unsecured proofs of claim received; 128 claims · amount: 100518155 · debtor: RHH Rental Properties Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- purchaserLabelle Stratford Inc.
- sale outcometext: The Trustee seeks court approval of the Labelle Transaction, a share sale of RHH's 25% interest in LaBelle-RHP to Labelle Stratford Inc.; no sale process was run and the price is based on pre-bankruptcy appraisals. · scope: parcel · status: pending_approval