Ontario · Receivership (court-appointed)
Receiver’s First Report
Court officer report · 29 February 2024
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What we verified from this filing20 verified
- secured creditorsnote: Amount unstated; per PPSA Search dated January 9, 2024. Receiver sent notice of receivership but received no response. · page: 12 · as of: 2024-01-09 · debtor: 2502511 Ontario Corp. · creditor: ADD Capital Corp. · currency: CAD · security: PPSA financing statements registered on or about March 11, 2020 in respect of equipment and other assets of the Debtor
- unsecured creditorsnote: Subcontractor, period 2023-12-15 to 2024-01-14 · page: 13 · as of: 2024-01-14 · basis: Trade debts listing as reported by the Receiver · amount: 3700 · debtor: 2502511 Ontario Corp. · creditor: Daniel Safran · currency: CAD
- unsecured creditorsnote: Subcontractor; related party (son/relative of sole director Bruno Zaffino) · page: 13 · as of: 2024-01-14 · basis: Trade debts listing as reported by the Receiver · amount: 3000 · debtor: 2502511 Ontario Corp. · creditor: Matthew Zaffino · currency: CAD
- unsecured creditorsnote: Subcontractor · page: 13 · as of: 2024-01-14 · basis: Trade debts listing as reported by the Receiver · amount: 1500 · debtor: 2502511 Ontario Corp. · creditor: Skyler Sciborras · currency: CAD
- unsecured creditorsnote: Subcontractor · page: 13 · as of: 2024-01-14 · basis: Trade debts listing as reported by the Receiver · amount: 2500 · debtor: 2502511 Ontario Corp. · creditor: Kevin Gauci · currency: CAD
- unsecured creditorsnote: Subcontractor; sum of two invoices dated 2024-02-06 ($3,500 for 2023-12-15 to 2024-01-14 and $3,500 for 2024-01-15 to 2024-02-14), reported as two line items in source table · page: 13 · as of: 2024-02-06 · basis: Trade debts listing as reported by the Receiver · amount: 7000 · debtor: 2502511 Ontario Corp. · creditor: Danny Gagliardi · currency: CAD
- unsecured creditorsnote: Subcontractor · page: 13 · as of: 2024-01-14 · basis: Trade debts listing as reported by the Receiver · amount: 2800 · debtor: 2502511 Ontario Corp. · creditor: Joe Santos · currency: CAD
- unsecured creditorsnote: Subcontractor · page: 13 · as of: 2024-01-14 · basis: Trade debts listing as reported by the Receiver · amount: 1500 · debtor: 2502511 Ontario Corp. · creditor: Mateo Mustafo · currency: CAD
- unsecured creditorsnote: Subcontractor; related party (relative of sole director Bruno Zaffino) · page: 13 · as of: 2024-01-14 · basis: Trade debts listing as reported by the Receiver · amount: 1500 · debtor: 2502511 Ontario Corp. · creditor: Daniel Zaffino · currency: CAD
- unsecured creditorsnote: Salt supplier, invoice period 2023-01-27 to 2023-03-27; approximate figure of $14,629 also cited elsewhere · page: 13 · as of: 2023-10-02 · basis: Trade debts listing as reported by the Receiver · amount: 14629.65 · debtor: 2502511 Ontario Corp. · creditor: Done Valley Services Ltd. · currency: CAD
- unsecured creditorsnote: Salt dome, invoice dated 2023-11-31 (as stated in document) · page: 13 · as of: 2023-11-31 · basis: Trade debts listing as reported by the Receiver · amount: 5100.82 · debtor: 2502511 Ontario Corp. · creditor: TCG Mississauga East · currency: CAD
- unsecured creditorsnote: Sidewalk crew and equipment rental, invoice dated 2023-11-31 · page: 13 · as of: 2023-11-31 · basis: Trade debts listing as reported by the Receiver · amount: 6497.5 · debtor: 2502511 Ontario Corp. · creditor: TCG Mississauga East · currency: CAD
- unsecured creditorsnote: Sidewalk crew and equipment rental, invoice dated 2023-12-31 · page: 13 · as of: 2023-12-31 · basis: Trade debts listing as reported by the Receiver · amount: 6497.5 · debtor: 2502511 Ontario Corp. · creditor: TCG Mississauga East · currency: CAD
- unsecured creditorsnote: Liability insurance, second line item · page: 13 · as of: 2024-01-15 · basis: Trade debts listing as reported by the Receiver · amount: 2298.24 · debtor: 2502511 Ontario Corp. · creditor: Zensurance · currency: CAD
- unsecured creditorsnote: HST arrears, deemed trust class under s.222(3) Excise Tax Act, period 2020-02-01 to 2021-01-31 · page: 13 · as of: 2021-01-31 · basis: Trade debts listing as reported by the Receiver · amount: 13810.27 · debtor: 2502511 Ontario Corp. · creditor: Receiver General for Canada (CRA) · currency: CAD
- unsecured creditorsnote: HST arrears, deemed trust class under s.222(3) Excise Tax Act, period 2021-02-01 to 2022-01-31 · page: 13 · as of: 2022-01-31 · basis: Trade debts listing as reported by the Receiver · amount: 28241.1 · debtor: 2502511 Ontario Corp. · creditor: Receiver General for Canada (CRA) · currency: CAD
- unsecured creditorsnote: HST arrears, deemed trust class under s.222(3) Excise Tax Act, period 2022-02-01 to 2023-01-31; aggregate of three periods approximated as $57,387 in prose (para 26) · page: 13 · as of: 2023-01-31 · basis: Trade debts listing as reported by the Receiver · amount: 15335.96 · debtor: 2502511 Ontario Corp. · creditor: Receiver General for Canada (CRA) · currency: CAD
- unsecured creditorsnote: Subcontractor, period 2024-01-15 to 2024-02-14 · page: 13 · as of: 2024-02-14 · basis: Trade debts listing as reported by the Receiver · amount: 1500 · debtor: 2502511 Ontario Corp. · creditor: Danny Traikopoulos · currency: CAD
- unsecured creditorsnote: Liability insurance arrears; policy LB010264 cancelled 2024-01-13 for non-payment; cancellation notice indicated $1,099.09 owing · page: 13 · as of: 2024-01-15 · basis: Trade debts listing as reported by the Receiver · amount: 475.87 · debtor: 2502511 Ontario Corp. · creditor: Zensurance · currency: CAD
- fee scheduleengagements: form: time_summary · rows: Michael Baigel; Noah Litwack; Paul Franchi; William Gertler; Helen Dowell; fees: 23194.8 · quote: Total | | | 23,194.80 $ · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: TOTAL TAXES · quote: TOTAL TAXES | | $ | 3,069.50 · amount: 3069.5 · fees: quote: To February 19, 2024 | 23,194.80 $ · amount: 23194.8 · total: quote: TOTAL PROFESSIONAL FEES, DISBURSEMENTS AND TAXES | | | 26,745.04 $ · amount: 26745.04 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: TOTAL DISBURSEMENTS | | | 480.74 $ · amount: 480.74 · period: end: 2024-02-19 · kind: invoice · quote: The Receiver 's fees and disburse ments for the period of January 18, 2024 to February 19, 2024 · start: 2024-01-18 · approval: state: unstated · averages: rate: 415.68 · quote: Average Hourly Rate | Average Hourly Rate | Average Hourly Rate | 415.68 $ · currency: · invoices: · firm text: Baigel Corp. · firm quote: Baigel Corp. · context quote: the court-appointed r eceiver (the ' Receiver ') of certain assets, undertakings and properties (together, the ' 250 Property ' ) of 2502511 Ontario Corp.