2th, Inc. and Dr. Mislav Pavelic Dentistry Professional Corporation, which operate as a Toronto, Ontario-based dental clinic, were placed into receivership on October 13, on application by BMO, owed approximately $2.6 million. The companies have defaulted on the BMO loan and a subsequent forbearance agreement. A strained relationship between the directors and beneficial owners has resulted in significant difficulties selling the clinic. BMO has lost confidence in management and is concerned that the strained relationship will result in the value of the assets depreciating. KSV was appointed receiver. Counsel is Aird & Berlis for BMO.

By: Dina Milivojevic