Ontario · Receivership (court-appointed)
Application Record – 29-MAY-2026
Application / notice of application · 29 May 2026
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What we verified from this filing13 verified
- applicantEXTEND FINANCIAL LTD.
- commencement date29 May 2026
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00000223-0000
- statutory basisSection 243(1) of the Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3), and Section 101 of the Courts Of Justice Act, R.S.O. 1990, C. C.43
- appointeeALBERT GELMAN INC.
- appointee roleProposed Receiver
- secured creditorsnote: Document states the registered principal amount ($5,070,000), not a current outstanding balance; this charge ranks ahead of Extend Financial's 3039 Dundas Mortgage. · page: 15 · debtor: Justin Lee Holdings Ltd. · creditor: Ukrainian Credit Union Limited · currency: CAD · security: First-ranking charge against 3039 Dundas, Instrument No. AT6506321, registered January 31, 2024
- secured creditorsnote: Original facility principal $2,100,000 (January 2025 Loan). At time of advance, Lender was in second position behind TD Bank's mortgage (TD Mortgage) on this property; the TD Mortgage was subsequently refinanced/discharged via the June 2025 Loan. · page: 17 · as of: 2026-04-16 · amount: 2342521.59 · debtor: Justin Lee Levine · creditor: Extend Financial Ltd. · currency: CAD · security: 3038 Dundas Second Mortgage, Instrument No. AT6743116, registered January 24, 2025
- secured creditorsnote: Original facility principal $2,800,000 (June 2025 Loan), advanced to refinance the prior TD Bank mortgage (now discharged/refinanced). · page: 17 · as of: 2026-04-16 · amount: 2962211.04 · debtor: Justin Lee Levine · creditor: Extend Financial Ltd. · currency: CAD · security: 3038 Dundas First Mortgage, Instrument No. AT6849125, registered June 27, 2025
- secured creditorsnote: Original facility principal $1,250,000 (3039 Dundas Loan). Personally guaranteed by Justin Lee Levine. · page: 17 · as of: 2026-04-16 · amount: 1299080.6 · debtor: Justin Lee Holdings Ltd. · creditor: Extend Financial Ltd. · currency: CAD · security: 3039 Dundas Mortgage, Instrument No. AT6840970, registered June 17, 2025 (second-ranking, behind Ukrainian Credit Union Limited)
- secured creditorsnote: Original facility principal $2,100,000 (1116 College Loan). Personally guaranteed by Justin Lee Levine. · page: 17 · as of: 2026-04-16 · amount: 2199781.92 · debtor: JL Chase Holdings Inc. · creditor: Extend Financial Ltd. · currency: CAD · security: 1116 College Mortgage, Instrument No. AT6828538, registered May 30, 2025 (first-ranking)
- secured creditorsnote: Original facility principal $6,995,000 (3010-3016 Dundas Loan). Personally guaranteed by Justin Lee Levine. · page: 17 · as of: 2026-04-16 · amount: 7355630.09 · debtor: Junction Vesuvio Inc. · creditor: Extend Financial Ltd. · currency: CAD · security: 3010-3016 Dundas Mortgage, Instrument No. AT6817059, registered May 16, 2025 (first-ranking)