Ontario · Receivership (court-appointed)
Motion Record of the Receiver (for motion returnable August 17, 2026)
Application / notice of application · 7 August 2026
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What we verified from this filing11 verified
- secured creditorsnote: Exact balance per Holloway's books and records as of Dec 19, 2025 (Notice of Motion); First Report states a rounded figure of $2,285,622 as of the same date. Holloway also holds a blanket PPSA registration (Inventory, Equipment, Accounts, Other) dated December 15, 2022. Aldo and Yeganeh Baiocchi are personal guarantors of at least some of the mortgages. BVI has not made payments since December 2025; Holloway served Notice of Sale Dec 19, 2025 and commenced an action Feb 27, 2026 for payment and possession. · page: 14 · as of: 2025-12-19 · amount: 2285621.99 · debtor: Baiocchi Ventures Inc. · creditor: Holloway Trading Corporation · currency: CAD · security: First registered mortgage on the Maynard Property (8318 Maynard Road, Orono) ("Maynard Loan")
- secured creditorsnote: Related party: 226 Ontario's sole director is Yeganeh Baiocchi, wife of BVI's principal Aldo Baiocchi. Registered without Alterna's consent; Alterna alleges the registration breached BVI's covenants. Loan/security documents not provided to Receiver despite request. · page: 27 · as of: 2025-05-27 · debtor: Baiocchi Ventures Inc. · creditor: 1000097226 Ontario Ltd. ("226 Ontario") · currency: CAD · security: Second charge registered against the Curity Property; registered principal amount $3,000,000 ("226 Ontario Charge")
- secured creditorsnote: Loan/security documents not provided to Receiver despite request; Receiver cannot confirm whether this and the Maynard Property mortgage held by the same entities reflect two separate $1.2M loans or a single $1.2M loan secured against both properties. · page: 27 · as of: 2025-06-23 · debtor: Baiocchi Ventures Inc. · creditor: Glee Blais Holdings Limited, Ciccone Holdings Inc., Kikely Holdings Inc., Jeremiah Joseph Rose and Edith Marlene Rome ("Glee Blais Entities") · currency: CAD · security: Subsequent mortgage registered against the Curity Property; registered principal amount $1,200,000 ("Glee Blais Charge")
- secured creditorsnote: Disputed/contingent claim - individual claims equitable mortgage ranking in priority to the 226 Ontario Charge and Glee Blais Charge but subordinate to Alterna's mortgage; sought certificate of pending litigation; litigation stayed under Receivership Order. · page: 27 · debtor: Baiocchi Ventures Inc. · creditor: Lawrence Koh · currency: CAD · security: Alleged equitable mortgage over the Curity Property
- secured creditorsnote: Loan and security documents provided to Receiver's counsel. · page: 27 · as of: 2024-07-30 · debtor: Baiocchi Ventures Inc. · creditor: 379003 Ontario Limited, Angelo Italiano, Jano Italiano, Carmela Vinzi and Anthony Vinzi ("379 Parties") · currency: CAD · security: Mortgage registered against the Maynard Property; registered principal amount $760,000
- secured creditorsnote: Same Glee Blais Entities also hold a $1,200,000 registered mortgage on the Curity Property; Receiver has not obtained loan/security documents and cannot confirm whether these represent two separate $1.2M loans or one loan secured against both properties. · page: 27 · as of: 2025-04-17 · debtor: Baiocchi Ventures Inc. · creditor: Glee Blais Holdings Limited, Ciccone Holdings Inc., Kikely Holdings Inc., Jeremiah Joseph Rose and Edith Marlene Rome ("Glee Blais Entities") · currency: CAD · security: Mortgage registered against the Maynard Property; registered principal amount $1,200,000
- secured creditorsnote: Plus per diem interest of $1,654 and costs of enforcement (as advised by Alterna). Alterna also holds blanket PPSA registrations against BVI (Inventory, Equipment, Accounts, Other, Motor Vehicle) dated May 16, 2023 (x3) and Equipment dated October 5, 2023. Aldo and Yeganeh Baiocchi are personal guarantors of at least some of the mortgages. · page: 27 · as of: 2026-01-28 · amount: 9851369 · debtor: Baiocchi Ventures Inc. · creditor: Alterna Savings and Credit Union Limited · currency: CAD · security: First registered mortgage on the Curity Property (15 Curity Avenue, Toronto)
- secured creditorsnote: Aggregated per PPSA search results current to June 28, 2026 (Appendix E). Receiver not currently in possession of any equipment subject to these registrations; Receiver has contacted each creditor for security details. · page: 28 · as of: 2026-06-28 · debtor: Baiocchi Ventures Inc. · creditor: PPSA equipment financiers (PMSI class): Xpedite Leasing Inc.; Meridian OneCap Credit Corp.; Excel Leasing Inc.; Arbutus Capital Leasing Ltd. (two registrations) · currency: CAD · security: PPSA registrations - Xpedite Leasing Inc. (June 8, 2022, Equipment); Meridian OneCap Credit Corp. (July 29, 2022, Equipment, Other); Excel Leasing Inc. (September 19, 2022, Equipment); Arbutus Capital Leasing Ltd. (June 19, 2024, Equipment); Arbutus Capital Leasing Ltd. (January 31, 2025, Equipment)
- secured creditorsnote: Amount owing (if any) unknown - Receiver requested confirmation of balances owing from CRA; CRA has not yet provided the information and Receiver is unaware whether any amount is owing. · page: 28 · debtor: Baiocchi Ventures Inc. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Amount of property taxes owing, if any, on the Curity Property (City of Toronto) and Maynard Property (Municipality of Clarington) is unknown; Receiver requested information but has not yet received it. · page: 28 · debtor: Baiocchi Ventures Inc. · creditor: City of Toronto / Municipality of Clarington (realty taxes) · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: fees: quote: for a total of $78,302.00 · amount: 78302 · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 474.85 · quote: an average hourly rate of $474.85 · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: Albert Gelman Inc. ('AGI'), in its capacity as court-appointed receiver · hours total: quote: 164.9 hours at an average hourly rate of $474.85 · value: 164.9 · context quote: The Receiver's fees encompass 164.9 hours at an average hourly rate of $474.85 for a total of $78,302.00, plus disbursements and applicable taxes. · firm unverified: true · context unverified: true; form: prose · rows: · money: fees: quote: total fees of $64,635.50 · amount: 64635.5 · total: quote: accounts totalling $73,420.53 inclusive of disbursements and applicable taxes · amount: 73420.53 · includes tax: true · includes disbursements: true · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 961.83 · quote: an average hourly rate of $961.83 · currency: · invoices: · firm text: Cassels Brock & Blackwell LLP · firm quote: CASSELS BROCK & BLACKWELL LLP · hours total: quote: 67.2 hours at an average hourly rate of $961.83 · value: 67.2 · context quote: Cassels' fees encompass 67.2 hours at an average hourly rate of $961.83 for total fees of $64,635.50, and accounts totalling $73,420.53 inclusive of disbursements and applicable taxes. · context unverified: true; form: prose · rows: · money: total: quote: $30,713.68 for work performed solely relating to the administration of the Property · amount: 30713.68 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-07-31 · kind: invoice · quote: During the period from June 30, 2026 to July 31, 2026 · start: 2026-06-30 · approval: state: unstated · averages: rate: 960.42 · quote: $960.42 for work performed solely in respect of the Curity Matter · scope: Curity Matter; rate: 1065.8 · quote: $1,065.80 for work performed solely in respect of the Maynard Matter · scope: Maynard Matter; rate: 924.31 · quote: $924.31 for work performed in respect of the General Receivership Matter · scope: General Receivership Matter · currency: · invoices: · firm text: Cassels Brock & Blackwell LLP · firm quote: CASSELS BROCK & BLACKWELL LLP · context quote: During the period from June 30, 2026 to July 31, 2026, Cassels incurred fees and disbursements, including HST, in the amount of: (i) $30,713.68 for work performed solely relating to the administration of the Property