- Insolvency Insider Canada
- Posts
- 6773982 Canada Inc. and 6317081 Canada Inc.
6773982 Canada Inc. and 6317081 Canada Inc.
6773982 Canada Inc. and 6317081 Canada Inc. (collectively, the "Debtors"), which together own and operate Sunnyside Footsteps Parent Centre — a daycare facility in Ottawa, Ontario — were placed in receivership on November 30 on application by BNS. The Debtors owe approximately $845.0 thousand to Scotia Mortgage Corporation. After the daycare's operations ceased in March 2020 as a result of the COVID-19 related lockdowns, BNS attempted to enter into a forbearance agreement with the Debtors. However, the agreement was never signed. Moreover, the director left the country and listed the real property for sale. BNS, which was not certain the property was being maintained, later became aware that the property listing was being reduced to a point where the ability of the Debtors to repay their indebtedness may not have been possible. MNP was appointed receiver. Counsel is Harrison Pensa for the applicant and Soloway Wright for the receiver.