Mansouri Living is a residential and commercial real estate development company based in Toronto, Canada (the "Mansouri Group").
On October 24, 2025, 1351637 Ontario Limited ("Attersley"), Casewood Holdings Inc. ("Casewood"), Minthollow Estates Inc. ("Minthollow") and Whitby Meadows Inc. ("Whitby Meadows"), each filed a Notice of Intention to Make a Proposal ("NOI") pursuant to section 50.4(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA").
On October 31, 2025, Summercove Estates Inc. ("Summercove") filed an NOI pursuant to section 50.4(1) of the BIA.
On November 14, 2025, Brooklin Olde Towne Inc. ("Brooklin") and Twinview Developments Inc. ("Twinview", and together with Attersley, Casewood, Minthollow, Whitby Meadows, Summercove, and Brooklin the "Debtors") each also filed an NOI pursuant to the BIA. KPMG Inc. ("KPMG") was named as Proposal Trustee (in such capacity, the "Proposal Trustee").
On November 20, 2025, Cameron Stephen Mortgage Capital Ltd. the secured creditor of Attersley, Minthollow, Whitby Meadows, and in respect of certain real property of Casewood obtained an order from the Ontario Superior Court of Justice (Commercial List) appointing KSV Restructuring Inc. as receiver of Attersley, Minthollow, Whitby Meadows and Casewood pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended.
On November 24, 2025, Attersley, Casewood, Minthollow, and Whitby Meadows were deemed to have made an assignment in bankruptcy pursuant to section 50.4(8)(a) and KPMG Inc. will act as the proposed trustee-in-bankruptcy subject to affirmation at the first meeting of creditors.
On December 1, 2025, Summercove was deemed to have made an assignment in bankruptcy pursuant to section 50.4(8)(a) and KPMG Inc. will act as the proposed trustee-in-bankruptcy subject to affirmation at the first meeting of creditors. The Trustee's appointment was Summercove was affirmed at the first meeting of creditors held via teleconference on December 17, 2025.
On December 15, 2025, Brooklin and Twinview were deemed to have made an assignment in bankruptcy pursuant to section 50.4(8)(a) and KPMG Inc. will act as the proposed trustee-in-bankruptcy subject to affirmation at the first meeting of creditors. The Trustee's appointment for Brooklin and Twinview was affirmed by the creditors of each entity at their respective First Meeting of Creditors, all of which were held via virtual conferencing on January 5, 2026.
