#Filing
Motion Record of the Receiver returnable September 18, 2026 — Application / notice of application
Horizen Developments GP Corp.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00002469-0000
Filings held16
Last activity18 Sep 2026
On the record367 days
Secured debt$2.99M
OverviewSummary updated
Horizen Developments GP Corp. was placed in court-appointed receivership on September 19, 2025, by order of the Ontario Superior Court of Justice sitting in Bankruptcy and Insolvency, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried on court file CV-25-00002469-0000 in Ontario and remains active. The receivership order is the only step recorded to date; nothing further has been entered on the record since the appointment.
Claims processIf you are owed money
The claims bar date has passed — claims were due by
Per the Claims Procedure Proof of Claim Form dated December 10, 2025 dated 10 December 2025.
Proceedings AIAsk this case — answers cite the filings
Case updates16 dated entries
#Filing
Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 — Notice of receiver (s. 245 / Form 87)
#Order
Receivership order made, commencing the proceeding against Horizen Developments GP Corp. under BIA section 243 and provincial Judicature Act authority in the Ontario Superior Court of Justice.
AnalysisAll insights
Case update
Horizen Developments: 129 units never built, 10.7% for creditors
The London, Ontario site at 520 Sarnia Road was sold in receivership and the mortgage lender, ADJ Holdings, received $3,169,460. BDO's Second Report now proposes $1,550,927.65 across $14,548,394.59 of proven unsecured claims, a 10.7% distribution, after disallowing the unregistered security behind six investor guarantee claims, and asks to be discharged.
Parties
Debtor
Horizen Developments GP Corp.
Receiver
BDO
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | ADJ Holdings Inc. · in 3 casesCollateral mortgage (principal $6,000,000.00, registered as first charge, Instrument ER1576529, May 14, 2024) against 520 Sarnia Road, London, ON; Notice of Assignment of Rents - General (Instrument ER1576530, May 14, 2024); General Security Agreement (GSA) from Respondent and Horizen Developments LP dated May 14, 2024 covering all present/after-acquired personal property, perfected by PPSA registration; Promissory Note (principal $2,800,000.00, dated May 14, 2024); Guarantee dated May 14, 2024 from SF Square LP, SF Square GP Corp. (as GP and in its own capacity), RHH Rental Properties Ltd., F · as of 1 Aug 2025 | $2.99M | Application Record dated September 5, 2025 |
| 4 | Secured | Sierra General Contracting Inc.Construction Lien registered as Instrument ER1636723 on July 8, 2025 against 520 Sarnia Road, London, ON, subsequent in registration to the ADJ Mortgage; also registered a Certificate of Action (Instrument ER1645203, August 28, 2025) — Registered subsequent to the ADJ Mortgage on title; construction lien claim, unresolved (Certificate of Action registered). — debtor: Horizen Developments GP Corp. · as of 8 Jul 2025 | $190K | Application Record dated September 5, 2025 |
| 4 | Secured | The Corporation of the City of LondonStatutory municipal property tax arrears/lien under the Municipal Act, 2001 against 520 Sarnia Road, London, ON — Municipal tax arrears certified as of the Tax Certificate date; property tax arrears carry statutory priority under the Municipal Act. — debtor: Horizen Developments GP Corp. · as of 29 Aug 2025 | $157K | Application Record dated September 5, 2025 |
| 8 | Unsecured | RHH Rental Properties Ltd. · in 2 casesdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $6.86M | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Baranski, Katherine and Johndebtor: Horizen Developments GP Corp. and Horizen Developments LP | $4M | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Neale, Waynedebtor: Horizen Developments GP Corp. and Horizen Developments LP | $700K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | SF Square LPdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $614K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Bernardi, Elenadebtor: Horizen Developments GP Corp. and Horizen Developments LP | $200K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | 2243530 Ontario Inc.debtor: Horizen Developments GP Corp. and Horizen Developments LP | $200K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Bernardi, Valentinedebtor: Horizen Developments GP Corp. and Horizen Developments LP | $190K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Robson Carpenter LLPdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $119K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Bernardi, Josephdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $50K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Stubbe's Precast Inc.debtor: Horizen Developments GP Corp. and Horizen Developments LP | $46.7K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Spira Fire Protection Ltd. · in 2 casesdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $30.2K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Sierra General Contracting Inc.debtor: Horizen Developments GP Corp. and Horizen Developments LP | $19.5K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | S+A Footprintdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $15.8K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | 1Valet Corp.debtor: Horizen Developments GP Corp. and Horizen Developments LP | $5.13K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | 180 Marketingdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $4.67K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Zelinka Priamo Ltddebtor: Horizen Developments GP Corp. and Horizen Developments LP | $3.9K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | CB Ross Partners · in 2 casesdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $3.47K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Development Engineering (London) Limited · in 2 casesdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $2.41K | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | Englobe Corp. · in 3 casesdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $904 | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | The Corporation of the City of Londondebtor: Horizen Developments GP Corp. and Horizen Developments LP | $250 | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | MartinSimmons Architects Inc.debtor: Horizen Developments GP Corp. and Horizen Developments LP | $250 | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
| 8 | Unsecured | CRA · in 43 casesdebtor: Horizen Developments GP Corp. and Horizen Developments LP | $1 | Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26 |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
3 transactions · 2 closed · 1 approved — The Proposed Transaction closed and a certificate was issued with the Court evidencing same.Second Report of the Receiver dated September 3, 2026 · 3 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1423197 Ontario Inc.all right, title and interest in and to the purchased assets described in the Sale Agreement, including the Property · asset sale · agreement 12 Nov 2025 | not stated | Approved5 Dec 2025 | Approval and Vesting Order dated December 5,… |
| Purchaser as defined in the Approval and Vesting Order; not named in this excerptthe property municipally known as 520 Sarnia Road, London, Ontario · real property | not stated | Closed | Second Report of the Receiver dated September… |
| unnamedthe Proposed Transaction as contemplated in the Purchase Agreement | not stated | Closeddate not stated | Second Report of the Receiver dated September… |
Sealed materialsConfidential Appendices 'A', 'B', 'C' and 'D' to the First ReportApproval and Vesting Order dated December 5, 2025
RecoveriesAs declared or paid
Unsecured creditors: 10.7 %. Sierra General Contracting Inc. paid in full · Sierra General Contracting Inc. paid in full.FinalSecond Report of the Receiver · 3 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Sierra General Contracting Inc. | — | paid in full$190Kconditional | Estimatedper the receiver | Motion Record of the Receiver · 20 May 2026 |
| PMSI / lessorSierra Lien Claim | Sierra General Contracting Inc. | — | paid in full$190Kconditional | Estimatedper the receiver | Second Report of the Receiver · 3 Sep 2026 |
| Unsecured | — | — | 10.7 % | Finalper the receiver | Second Report of the Receiver · 3 Sep 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Documents
16 filings
| Date | Document | File |
|---|---|---|
Motion Record of the Receiver returnable September 18, 2026
| ||
| Factum of the Receiver September 15, 2026 | ||
Second Report of the Receiver dated September 3, 2026
| ||
Claims Procedure Notice dated December 10 2025
| ||
Claims Procedure Proof of Claim Form dated December 10, 2025
| ||
Ancillary Order dated December 5, 2025
| ||
Approval and Vesting Order dated December 5, 2025
| ||
Claims Procedure Order dated December 5 2025
| ||
Claims Procedure Order dated December 5, 2025
| ||
Endorsement of Justice Cook dated December 5 2025
| ||
| Factum of the Receiver_BDO Canada Limited_December 3 2025 | ||
| First Report of the Receiver dated December 2, 2025 | ||
| Motion Record of the Receiver dated December 2, 2025 | ||
Notice and Statement of Receiver (s245/s246) - Dated 2025-09-26
| ||
Receivership Order dated September 19, 2025
| ||
Application Record dated September 5, 2025
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Horizen Developments GP Corp.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/horizen-developments-gp-corp