Ontario · Receivership (court-appointed)
Application Record of Caisse Desjardins Ontario Credit Union Inc. (for application returnable July 9, 2026
Application / notice of application · 9 July 2026
What we verified from this filing14 verified
- applicantCAISSE DESJARDINS ONTARIO CREDIT UNION INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-26-00001495-0000
- statutory basisSECTION 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
- appointeeALBERT GELMAN INC.
- appointee roleProposed Receiver
- secured creditorsnote: Named as a secured creditor on the service list; no amount or security details stated in these pages. · page: 3 · debtor: 2694272 Ontario Ltd. · creditor: Vault Credit Corporation · currency: CAD
- secured creditorsnote: Named as a secured creditor on the service list; no amount or security details stated in these pages. · page: 3 · debtor: 2694272 Ontario Ltd. · creditor: Ford Credit Canada Leasing, Division of Canadian Road Leasing Company · currency: CAD
- secured creditorsnote: Named as a secured creditor on the service list; no amount or security details stated in these pages. · page: 3 · debtor: 2694272 Ontario Ltd. · creditor: Royal Bank of Canada · currency: CAD
- secured creditorsnote: Named as a secured creditor on the service list; no amount or security details stated in these pages. · page: 3 · debtor: 2694272 Ontario Ltd. · creditor: Kubota Canada Ltd. · currency: CAD
- secured creditorsnote: Named as a secured creditor on the service list; no amount or security details stated in these pages. · page: 3 · debtor: 2694272 Ontario Ltd. · creditor: Merchant Opportunities Canada Limited Partnership · currency: CAD
- commencement date8 July 2026
- secured creditorsnote: Municipal property tax arrears; municipality named as a secured creditor on the service list (regulatory/statutory priority claim). · page: 17 · as of: 2026-05-14 · amount: 29694.11 · debtor: 2694272 Ontario Ltd. · creditor: Municipality of Central Elgin · currency: CAD · security: Statutory lien for unpaid municipal property taxes on lands municipally known as 45025 Talbot Line, St. Thomas, Ontario
- secured creditorsnote: Aggregate indebtedness of both PR-1 and PR-2 loans as stated by the Applicant, excluding professional fees, disbursements and HST, and continuing to accrue interest. Nicholas Chesterfield provided an unlimited personal General Guarantee and Postponement of Claim dated April 12, 2024 in favour of the Caisse (related-party guarantor, individual - see People are not Companies rule). · page: 21 · as of: 2026-05-28 · amount: 2113781.11 · debtor: 2694272 Ontario Ltd. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: PR-1 Loan Agreement (loan no. 725875 PR-1) dated April 12, 2024, renewed April 22, 2024, variable credit facility with total principal amount advanced of $750,000.00 (facility amount, not balance); PR-2 Loan Agreement (loan no. 725875 PR-2) dated September 26, 2024, total principal amount advanced of $1,443,750.00 (facility amount, not balance); secured by PR-1 Collateral Mortgage registered May 15, 2026 as Instrument No. CT267076, PR-2 Collateral Mortgage registered October 1, 2024 as Instrument No. CT246304, Assignment of Rents registered October 1, 2024 as Instrument No. CT246305, General Security Agreement dated April 12, 2024, and PPSA registration (File No. 504608769, Registration No. 20240419 1532 19013872) dated April 19, 2024, all over/against 2694272 Ontario Ltd. and its personal property, including lands at 45025 Talbot Line, St. Thomas, Ontario