msi Spergel Inc. named receiver as $5.5 million mortgage exposure and persistent defaults trigger enforcement
Cash flow shortfall, lost customer, and mounting post-filing defaults derail restructuring effort
Unplanned renovation costs and delayed government approvals undermine expansion strategy
Court-supervised process to reconcile and distribute frozen real estate trust accounts follows sweeping regulatory intervention
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1-ACRE YONGE & WELLINGTON BEING SOLD BY MORTGAGEE IN POSSESSION