Bayview Creek (CIM) LP, CIM Invests Development Inc., and CIM Bayview Creek Inc.
msi Spergel inc. was appointed receiver (in such capacity, the “Receiver”) of all of the assets, undertakings and properties of Bayview Creek (CIM) LP, CIM Invests Development Inc., and CIM Bayview Creek Inc. (the “Companies”) pursuant to an order of the Honourable Justice Cavanagh of the Ontario Superior Court of Justice (Commercial List) (the “Court”) made on March 2, 2022 (the “Receivership Order”).
Prior to the Receiver’s appointment, CIM Bayview Creek Inc. (“CIM”) attempted to restructure its affairs through a Notice of Intention to File a Proposal pursuant to the Bankruptcy and Insolvency Act (the “NOI Proceedings”). Information with respect to the NOI Proceedings can be obtained from the Proposal Trustee’s website at https://www.grantthornton.ca/service/advisory/creditor-updates/#CIM-Bayview-Creek-Inc. CIM was unable to file a Proposal and was adjudged bankrupt effective February 8, 2021.
On May 4, 2021 Bayview Creek (CIM) LP (“Bayview”) filed an assignment in bankruptcy with MNP LTD., information with respect to Bayview’s bankruptcy can be obtained from the Bankruptcy Trustee’s website at https://mnpdebt.ca/en/corporate/corporate-engagements/bayview-creek-cim-lp.