Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated July 23, 2026
Application / notice of application · 23 July 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 filing5 verified
- secured creditorsnote: Referenced only as an existing PPSA registration against the Debtor; no amount or specific collateral stated. · page: 15 · debtor: King David Inc. · creditor: The Sovereign General Insurance Company · currency: CAD · security: PPSA registration
- secured creditorsnote: Amount reported is the registered principal of the second charge, not a confirmed outstanding balance. · page: 15 · debtor: King David Inc. · creditor: Romandale Farms Limited · currency: CAD · security: Second charge registered against the Real Property; principal amount of charge stated as $3.5M (registered principal, not stated as an outstanding balance)
- secured creditorsnote: Referenced only as an existing PPSA registration against the Debtor; no amount or specific collateral stated. Report notes these registrations relate to the Debtor generally, which also owns other real property (not part of this receivership) in the vicinity. · page: 15 · debtor: King David Inc. · creditor: Royal Bank of Canada · currency: CAD · security: PPSA registration
- secured creditorsnote: Described as the Debtor's principal secured creditor. Amount owing stated as approximate ('approximately $4.5M'), exclusive of legal fees and disbursements which continue to accrue. Facility matured December 1, 2024, remains unpaid following expiry of a forbearance period on December 1, 2025. Guaranteed by Helen Roman-Barber (personal guarantor). · page: 15 · as of: 2026-04-30 · amount: 4500000 · debtor: King David Inc. · creditor: CC2 (100) GP Inc. · currency: CAD · security: Charge securing $5,000,000 credit facility (the 'Facility') originally advanced by HF Markham (CC2) LP under commitment letter dated September 18, 2023; facility and related security acquired by CC2 (100) GP Inc. via transfer of charge registered April 21, 2026
- secured creditorsnote: Referenced only as an existing PPSA registration against the Debtor; no amount or specific collateral stated. · page: 15 · debtor: King David Inc. · creditor: First Source Financial Management Inc. · currency: CAD · security: PPSA registration