Ontario · Receivership (court-appointed)
First Report of the Receiver dated June 12, 2024
Court officer report · 12 June 2024
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
- secured creditorsnote: Exact dated balance per TD's affidavit breakdown as at May 7, 2024: Operating Loan $315,950.07, Term Facility $1,714,890.14, Visa Facility $57,790.81, Total $2,088,631.02. The Receiver's First Report separately describes this same indebtedness in prose as 'approximately $2.1 million' as at May 7, 2024. Dr. Boljkovac (sole officer/director of the Company) provided an unlimited personal guarantee dated September 7, 2023 securing the Company's obligations to TD; this is a personal guarantee, not a separate corporate secured creditor. · page: 44 · as of: 2024-05-07 · amount: 2088631.02 · debtor: Dr. R. Boljkovac Dentistry Professional Corporation o/a Norwood Family Dentistry · creditor: The Toronto-Dominion Bank · currency: CAD · security: General Security Agreement signed September 7, 2023, registered under the Ontario PPSA (TD confirmed as sole PPSA registrant per searches with currency to March 5, 2024 and May 5, 2024); credit facilities comprising a $300,000 Operating Loan (temporarily increased to $330,000 via a Bulge/TAR in Feb-March 2024, facility limit not balance), a $1,700,000 committed reducing Term Facility (facility limit), and a $50,000 Visa Facility (facility limit)