Ontario · Receivership (court-appointed)

Motion Record of the Receiver (Discharge) dated January 8, 2026

Application / notice of application · 8 January 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 filing1 verified

recovery outcomeentries: basis: actual · quote: the Receiver made an interim distribution to First Source in the amount of $100,000 at First Source's request. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 100000 · cumulative: false · amount high: 100000 · class label: First Source · creditor name: First Source Financial Management Inc. · interim final: interim · claims qualifier: unstated; basis: unstated · quote: On the basis that the Penetanguishene Transaction contemplates a credit bid scenario and there will be no proceeds of sale from the closing of the Penetanguishene Property, the Receiver has not requested of Robins Appleby LLP that it opine on the validity, enforceability and priority of the second mortgagee's charge against the Penetanguishene Property. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: second mortgagee · interim final: unstated · claims qualifier: unstated · stated on: 2026-01-07 · table missing: