Ontario · Receivership (court-appointed)
Second Report of the Receiver dated March 4, 2025
Court officer report · 4 March 2025
What we verified from this filing10 verified
- disbursementssince: May 31, 2024 · amount: 453387 · currency: CAD
- operational summaryThe Receiver is actively marketing the Real Property and Lot 9 for sale, having terminated the original Lot 9 purchase agreement and negotiated a new sale, while addressing vehicles, municipal work orders, and borrowings; the Debtors have no ongoing business operations.
- process resultsbids: 6 · note: six offers received for Lot 9 as of the Offer Submission Deadline · as of: 2025-01-29
- professional feesnote: Excludes HST of $11,480.76 shown separately; Chaitons LLP (Receiver's counsel) accounts for Sept 1, 2024 to Jan 31, 2025 totaled $26,805.78 plus HST of $3,174.18 for $29,979.96 · party: Receiver (TDB Restructuring Limited) · amount: 99794.27 · period: October 1, 2024 to February 28, 2025 · currency: CAD
- purchaserprice: note: Purchase price redacted in the report and filed unredacted under seal · basis: cash · sealed: true · currency: CAD · scope: Lot 9 · status: proposed · name note: referred to only as 'the Purchaser'; identity not stated (unredacted APS filed confidentially) · structure: real_property · name source: recital · relationship: unstated
- receipts cumulativenote: Includes advances made by MZ totaling $500,000 pursuant to Receiver's Certificates · since: May 31, 2024 · amount: 503249 · currency: CAD
- report date4 March 2025
- report noSecond Report
- sale advisorCBRE Limited; RE/MAX Hallmark Realty Ltd.
- sale outcometext: Receiver recommends the Court approve the APS for Lot 9, sale not yet closed · scope: parcel · status: pending_approval