Ontario · Receivership (court-appointed)
Second Report of the Receiver dated September 22, 2026
Court officer report · 22 September 2026
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 filing6 verified
- operational summaryThe Receiver, through the Sales Agent, has been marketing the Debtors' unsold condominium units (individually and en bloc) under a court-approved Sale Process, with four sales negotiated (one closed) and several other transactions in advanced discussions, while also pursuing recovery of unearned broker commissions and developing a priority claims procedure prior to distributing sale proceeds to the Lenders.
- professional feesnote: Total fees $384,145.25 and disbursements $446.07, each excluding sales tax (HST); McCarthy Tétrault LLP fees $251,619 and disbursements $1,197.44, each excluding sales tax, for June 8, 2026 to September 21, 2026, also sought for approval. · party: AlixPartners Restructuring, Inc. (Receiver) · amount: 384591.32 · period: June 1, 2026 to August 31, 2026 · currency: CAD
- report date22 September 2026
- report noSecond Report
- sale advisorMilborne Real Estate Inc.
- sale outcometext: Sale process for the Unsold Units approved and underway, with the Receiver providing an update on progress since the First Report. · scope: liquidation · status: liquidation_in_progress