Ontario · Receivership (court-appointed)
Fourth Report of the Receiver dated August 7, 2025
Court officer report · 7 August 2025
What we verified from this filing4 verified
- closing confirmedscope: 25 Madison Avenue, Richmond Hill · outcome: completed · date basis: unstated · approval order date: 2025-03-24; scope: 371 Porte Purchased Assets · outcome: completed · purchaser: Sara Qadeer and Talha Azim Butt · date basis: unstated; scope: 373 Porte Purchased Assets · outcome: completed · purchaser: Zeba Qadeer and Raja Abdul Qadeer · date basis: unstated; scope: 375 Porte Purchased Assets · outcome: completed · purchaser: Umair Qadeer · date basis: unstated
- purchaserprice: note: deposit paid $150,000 (000s) · basis: cash · amount: 150 · sealed: false · currency: CAD · scope: 369 Porte Road, Ajax · status: not_completed · name note: purchaser of 369 Porte, pending disclaimer motion · structure: real_property · name source: recital · relationship: unstated · agreement date: 2022-08-12; price: note: deposit paid $150,000 (000s) · basis: cash · amount: 150 · sealed: false · currency: CAD · scope: 377 Porte Road, Ajax · status: not_completed · name note: purchasers of 377 Porte, pending disclaimer motion; advised willing to close · structure: real_property · name source: recital · relationship: unstated · agreement date: 2022-08-12; Mohammed Alsharafi and Fatima Jeddi; Sara Qadeer and Talha Azim Butt; Zeba Qadeer and Raja Abdul Qadeer; Umair Qadeer
- recovery outcomeentries: basis: unstated · quote: | Foremost mortgage and costs 3 4,107 Foremost shortfall, before Receiver's Borrowing Charge (1,357) | · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Foremost (mortgage on Lerrato Properties) · creditor name: Foremost Mortgage Holding Corporation · interim final: unstated · claims qualifier: unstated · shortfall amount: 1357000; basis: estimated · quote: As such, there will be no distributions from the Transactions to subordinate ranking mortgagees or other creditors. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: subordinate ranking mortgagees or other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-08-07 · table missing:
- sale outcometext: Remaining sales pending disclaimer and re-marketing of the Remaining Residential Properties · scope: parcel · status: not_completed