Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 26 April 2024
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 filing5 verified
- secured creditorsnote: Balance stated as remaining due and owing per affidavit; loan also guaranteed by Sancor Holdings Inc. (corporate guarantor, related party) and Carlo Liconti (personal guarantor) each supported by their own GSAs to the Lender; loan has matured and demand/NOI delivered Feb 8, 2024/2023 (dates inconsistent in document) · page: 37 · as of: 2024-03-31 · amount: 1481446.9 · debtor: 1998514 Ontario Inc. ("Charity Corp") · creditor: 7032749 Canada Inc. (the "Lender") · currency: CAD · security: General Security Agreement (all present/future assets), Film Production Security Agreement, Assignment and Direction Agreement over tax credits/MG/distribution revenue
- secured creditorsnote: Loan also guaranteed by Sancor Holdings Inc. (corporate guarantor, related party) and Carlo Liconti (personal guarantor), each supported by GSAs to the Lender · page: 38 · as of: 2024-03-31 · amount: 1517373.95 · debtor: 5005070 Ontario Inc. ("Apprentice Corp") · creditor: 7032749 Canada Inc. (the "Lender") · currency: CAD · security: General Security Agreement (all present/future assets), Film Production Security Agreement, Assignment and Direction Agreement over tax credits/MG/distribution revenue
- secured creditorsnote: Document states "As of March 31" without stating the year for this figure; year inferred from surrounding paragraphs (2024). Loan also guaranteed by Sancor Holdings Inc. (corporate guarantor, related party) and Carlo Liconti (personal guarantor) · page: 38 · as of: 2024-03-31 · amount: 2095079.98 · debtor: 5019233 Ontario Ltd. ("Bordello Corp") · creditor: 7032749 Canada Inc. (the "Lender") · currency: CAD · security: General Security Agreement (all present/future assets), Film Production Security Agreement, Assignment and Direction Agreement over tax credits/MG/distribution revenue
- secured creditorsnote: Loan also guaranteed by Sancor Holdings Inc. (corporate guarantor, related party) and Carlo Liconti (personal guarantor) · page: 38 · as of: 2024-03-31 · amount: 2889849.89 · debtor: 5026173 Ontario Inc. ("Clive Corp") · creditor: 7032749 Canada Inc. (the "Lender") · currency: CAD · security: General Security Agreement (all present/future assets), Film Production Security Agreement, Assignment and Direction Agreement over tax credits/MG/distribution revenue
- secured creditorsnote: No payments received on this loan; also guaranteed by Sancor Holdings Inc. (corporate guarantor, related party) and Carlo Liconti (personal guarantor) · page: 39 · as of: 2024-03-31 · amount: 3181594.86 · debtor: 5032807 Ontario Inc. ("Family Corp") · creditor: 7032749 Canada Inc. (the "Lender") · currency: CAD · security: General Security Agreement (all present/future assets), Film Production Security Agreement, Assignment and Direction Agreement over tax credits/MG/distribution revenue