Ontario · Receivership (court-appointed)
Application Record of the Receiver
Application / notice of application · 6 February 2026
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What we verified from this filing14 verified
- applicantCAISSE DESJARDINS ONTARIO CREDIT UNION INC.
- courtSUPERIOR COURT OF JUSTICE (EAST REGION COMMERCIAL LIST)
- court file noCV-26-00102797-0000
- provinceONTARIO
- statutory basisSECTION 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
- appointeeMSI SPERGEL INC.
- appointee roleProposed Receiver
- commencement date3 February 2026
- secured creditorsnote: 2025 property tax arrears; municipal taxes carry statutory lien priority; separate utility arrears reported (see separate entry) · page: 17 · as of: 2025-08-27 · amount: 18017.2 · debtor: Metamore Inc. · creditor: Town of Deseronto · currency: CAD · security: Municipal property tax lien on 146 Dundas Street, Deseronto, ON per Tax Certificate dated August 27, 2025
- secured creditorsnote: 2025 property tax arrears; municipal taxes carry statutory lien priority · page: 17 · as of: 2025-08-26 · amount: 9947.37 · debtor: Metamore Inc. · creditor: Town of Greater Napanee · currency: CAD · security: Municipal property tax lien on 353 Dundas Street, Napanee, ON per Tax Certificate dated August 26, 2025
- secured creditorsnote: 2025 utility arrears reported alongside property tax arrears of $18,017.20 in the same Tax Certificate · page: 17 · as of: 2025-08-27 · amount: 3410.8 · debtor: Metamore Inc. · creditor: Town of Deseronto · currency: CAD · security: Utility arrears related to 146 Dundas Street, Deseronto, ON
- secured creditorsnote: Registered without the Caisse's prior consent, contrary to the loan agreements' Special Facility conditions; under the Caisse's Standard Charge Terms (para. 10(vi)(C)), a subsequent charge registered without consent is conclusively deemed postponed/subordinated to the Caisse's charge, so this mortgage ranks behind the Caisse's 146 Dundas and 353 Dundas Collateral Mortgages · page: 18 · debtor: Metamore Inc. · creditor: Evangelos Mamas, Angela Mamas and Constantinos Mamas · currency: CAD · security: Second mortgage registered against both 146 Dundas Street and 353 Dundas Street in the amount of $1,600,000.00 (registered principal, not a confirmed outstanding balance)
- secured creditorsnote: Aggregate indebtedness for Loan No. 84209 PR-1 as of Dec 4, 2025 per Demand Letter, excluding professional fees, disbursements and HST; original loan principal was $2,600,000.00 disbursed June 30, 2023 at 5.930% interest; mortgage arrears of $99,844.56 also reported as of the demand; secured additionally by limited personal guarantees ($2,600,000 limit) and undertakings from officers/directors Jason Beange, Estate of Jason Coughlin, Jeremy Steeves, Laurie Consitt and Shawn Beattie (guarantors, not separately listed as creditors) · page: 20 · as of: 2025-12-04 · amount: 2549873.44 · debtor: Metamore Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Charge/Mortgage registered March 3, 2023 (Instrument No. HT326978) over 146 Dundas Street, Deseronto, ON; Assignment of Rents registered March 3, 2023 (Instrument No. HT326979); PPSA registration (File No. 791200233, Registration No. 20230303 1243 1590 3458) against Metamore's personal property
- secured creditorsnote: Aggregate indebtedness for Loan No. 84209 PR-2 as of Dec 4, 2025 per Demand Letter, excluding professional fees, disbursements and HST; original loan principal was $3,010,000.00 disbursed Dec 31, 2023 at 6.430% interest; mortgage arrears of $121,153.68 also reported as of the demand; secured additionally by limited personal guarantees ($5,600,000 limit) and undertakings from officers/directors Jason Beange, Estate of Jason Coughlin, Jeremy Steeves, Laurie Consitt and Shawn Beattie (guarantors, not separately listed as creditors) · page: 20 · as of: 2025-12-04 · amount: 3000424.1 · debtor: Metamore Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Charge/Mortgage registered July 18, 2023 (Instrument No. LX121469) over 353 Dundas Street, Napanee, ON; Assignment of Rents registered July 18, 2023 (Instrument No. LX121470); General Security Agreement dated July 5, 2023; PPSA registration (File No. 791200233, Registration No. 20230303 1243 1590 3458)