2760861 Ontario Inc., Receivership

2760861 Ontario Inc., the owner of two commercial and residential properties in Windsor and Sudbury, Ontario, was placed into receivership on July 18 on application by Desjardins Ontario Credit Union, owed approximately $740,000.

The company has not made any of its monthly mortgage payments to Desjardins since September 2024. In addition, tax arrears have accrued on both properties, and the company has not indicated how it intends to repay the outstanding tax arrears or the indebtedness owing to Desjardins.

BDO is the receiver.

Counsel is Soloway Wright for Desjardins and Gowling WLG for the receiver.