Ontario · Receivership (court-appointed)
Application Record dated September 8, 2025.PDF
Application / notice of application · 8 September 2025
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 filing8 verified
- applicantCANADIAN MORTGAGE SERVICING CORPORATION
- commencement date8 September 2025
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00751137-00CL
- statutory basissubsection 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
- secured creditorsnote: Original VTB amount was $4.32 million at time of purchase; described as first mortgagee on title to 880 Eastern Avenue; current outstanding balance not stated · page: 6 · debtor: 880EA Corp./880EA LP · creditor: Michael & Michael Auto Body Ltd. · currency: CAD · security: Vendor Take Back (VTB) first mortgage on 880 Eastern Avenue
- secured creditorsnote: Amount is the Indebtedness as of August 13, 2025 demand/Default Notice, plus accrued and accruing costs and expenses including legal costs. TAS LP 3 is guarantor, liable for 100% of Loan amount (related party - Mazyar Mortazavi common director). · page: 8 · as of: 2025-08-13 · amount: 10734679.39 · debtor: 880EA Corp., 880EA LP, 874EA Corp., 874EA LP · creditor: Canadian Mortgage Servicing Corporation · currency: CAD · security: Charge/Mortgage on 80 Knox and 880 Eastern (Instrument AT5360670, principal $7,800,000 as amended by AT6193285 to $10,300,000); Charge/Mortgage on 874 Eastern and 876 Eastern (Instrument AT6193283, principal $10,300,000); General security agreement dated Feb 4, 2020 over personal property related to 80 Knox and 880 Eastern
- secured creditorsnote: Registered without CMSC's consent, cited as an event of default; amount not stated in these pages · page: 13 · debtor: 880EA Corp., 880EA LP, 874EA Corp., 874EA LP (Secured Properties) · creditor: Kingsett Mortgage Corporation · currency: CAD · security: Mortgage registered against all Secured Properties, Instrument No. AT6785996, registered on or around March 28, 2025