Receivership – Case Updates On 19 January 2024, on motion by Peel Condominium Corporation No. 49 in the proceeding underway in Court File No. CV-23-00706755-0000 (the “Proceeding“) in the Superior Court of Justice at Toronto, Ontario (the “Court“), the Honourable Justice Brownstone made an order (the “Receivership Order“) providing for, among other things, the appointment… continue reading

Pre-Construction Real Estate Deal Blow-Ups

Market Segment Review A Condo Purchaser’s Nightmare:  When Is a Proposal to Creditors a Possible Solution?­ By: Paul J. Franchi LL.B, MBA, CIRP, LIT and Jeremy Kroll, CPA, CA CIRP, LIT, Baigel Corp.­­ What, at the time of the commitment, seemed like a no-lose investment or home purchase, with a sale agreement signed (hereinafter “APS”… continue reading