SIREG Bankruptcy – Owner FAQ

SIREG Management Inc. filed a Notice of Intention to Make a Proposal on September 25, 2026, and the related SIREG companies followed over the next two weeks. On October 20, 2026, the Ontario Superior Court (Commercial List) terminated those proceedings and the SIREG companies were deemed bankrupt. The court file is BK-26-03429084-0032. AlixPartners Restructuring Inc. is the Trustee in bankruptcy.

Separately,⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ on September 29, 2026 the Condominium Management Regulatory Authority of Ontario (CMRAO) suspended SIREG Management's licence, so it can no longer act as a condominium manager in Ontario.

The boards of the SIREG-managed corporations resigned in September. On the owners' application, the court appointed Brian Antman, CPA, as Administrator under section 131 of the Condominium Act for 27 of the corporations. He stands in the place of the board until an elected owner board can take over. His official communications come from the antman-administrator.ca domain. If your corporation is not one of the 27, the Trustee's transition process applies instead; check the Trustee's notices.

There are two different pots of money caught up in the bankruptcy, and two different people have to claim them.

1. Money that belongs to the corporation. Common expense fees SIREG collected from owners and never passed on, reserve fund money, and anything else that was the corporation's property. The Administrator pursues these with LDDC on behalf of the corporation. You do not need to do anything for this part. Any recovery goes to the corporation, and so to all owners together.
2. Money that belongs to you personally. If your unit was in SIREG's rental program, SIREG may be holding money that was always yours and never the corporation's. The usual items are:

• your tenant's last-month rent deposit, which SIREG held on your behalf;
• money you advanced to SIREG for repairs that were never done or never accounted for;
• guaranteed rent or distributions SIREG owed you and did not pay (typically August 2026 onward); and
• rent SIREG collected from your tenant after your agreement ended, or after the bankruptcy, which should have come to you.

The⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ Administrator cannot claim these for you. They are your property or your debt, not the corporation's, and the Trustee will only recognize a claim from the person it is owed to. That is why each owner has to file separately from what the corporation and LDDC are doing. LDDC's retainer covers the corporations, not individual owner claims.

Some of these items (the deposit, rent collected after your agreement ended) were never SIREG's money; SIREG held them in trust for you. In a bankruptcy, property held in trust does not form part of the bankrupt's estate, so a trust claim, if accepted, is paid ahead of ordinary creditors. Whether a particular amount qualifies as trust property is a legal question the Trustee decides in the first instance. The practical approach is to file your claim, describe the items, and state that you claim the deposit and post-termination rent as trust property, and otherwise as a debt.

Probably not. If SIREG was not holding any of your money and did not owe you rent, there is nothing for you to claim personally. The corporation's claim covers the common expenses.

A⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ claim in a bankruptcy is made on a Proof of Claim, Form 31 under the Bankruptcy and Insolvency Act, lodged with the Trustee. One form per bankrupt company. For most owners that is SIREG Management Inc. (Estate No. 32-3428714), the company that signed your rental agreement and collected the rent. If your money went to, or your contract was with, a different SIREG company, file against that one too; the Trustee's notice lists the estates.

You can use the CON Form 31 tool: https://condoownersnetwork.com/proof-of-claim.

The form asks for the amount owed, the basis of the claim, and whether you hold security. Attach a short schedule setting out each item with its amount and the document that proves it. Tick "unsecured claim" and, in the schedule, state that the deposit and any post-termination rent are claimed as property held in trust, and otherwise as a debt.

There⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ is a separate form for property claims (Form 74, under section 81 of the Act). The Trustee has not announced a procedure for trust claims yet, and we have asked that one court-approved process be set up for all owners. Until then, file Form 31 with the trust position stated in the schedule. You can use the CON Form 31 tool: https://condoownersnetwork.com/proof-of-claim. We will post an update when a trust-claim procedure is set.

The first meeting of creditors of SIREG Management Inc. is on November 10, 2026 at 11:00 a.m. by Microsoft Teams. To vote at that meeting, your proof of claim and any proxy must reach the Trustee before it starts. If you miss the meeting you can still file; a claim can be lodged any time before the Trustee distributes money. File sooner rather than later so the Trustee has your claim when it reviews the books.

• your rental program agreement with SIREG, with any amendments;
• the statement of adjustments from your purchase, or any receipt, showing the tenant deposit SIREG held;
• your monthly distribution statements, especially the months SIREG did not pay you;
• any record of repair money you advanced;
• your termination notice, if you ended the agreement, and any rent-direction letter sent to your tenant;
• anything showing rent your tenant paid SIREG after your agreement ended.

If you do not have your agreement, your closing lawyer or the deposit receipt from closing will usually have it.

Form⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ 31 asks every creditor to declare any payments, credits or transfers it received from the bankrupt in the three months before the "initial bankruptcy event" (twelve months if you are related to the bankrupt). For SIREG Management Inc. that event is its Notice of Intention filed September 25, 2026, so the window runs from June 25 to September 25, 2026.

List every payment SIREG made to you in that window, even though they were ordinary monthly distributions under your agreement. For most owners that is the June 2026 distribution (paid in mid-July) and the July 2026 distribution (paid in mid-August). Give the date the money reached your account, the amount, the month it covered and what it was. For example:

If you received nothing in the window (for example, SIREG stopped paying you before mid-July), say so. Do not leave the question blank.

Disclosing⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ these payments does not mean they will be taken back. The question exists so the Trustee can review unusual payments to creditors in the run-up to a bankruptcy; routine monthly distributions under a written agreement are the normal course of business. Answer it accurately and attach the bank record if you have it.

No. Form 31 is designed for creditors to complete themselves and the Trustee will accept it from you directly. You can use the CON Form 31 tool: https://condoownersnetwork.com/proof-of-claim. If your claim is large, or you are unsure how to characterize an item, a short consultation with a lawyer is worthwhile.

Start from what SIREG actually owes you. For most months from August 2026, SIREG collected your tenant's rent and paid nothing to you and nothing to the corporation. That leaves two losses sitting in the same dollars: you lost the rent, and the corporation lost the fees that should have come out of it.

Yes.⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ The Administrator, through LDDC, is claiming the unremitted fees as the corporation's own money. Your interest in that same slice is different: the fees came out of your rent, and you remain liable to the corporation for them. It is an indemnity claim, and it is contingent. If the corporation recovers from the estate and credits your unit, you have no loss on that slice. If the corporation recovers nothing and bills you, you have lost the whole gross rent. Nobody knows today which way that falls, so your claim has to cover both without asking the Trustee to pay the same dollar twice.

Two ways to write the first row on your schedule. Both end in the same place:

1. Net rent as the liquidated amount, plus a separate line: "Common expenses of $[amount] for [months] deducted from rent and not remitted to the corporation, claimed to the extent the corporation looks to the owner for them. Contingent."
2. Gross rent as the liquidated amount, with the same sentence added underneath and a note that recovery of the fee portion is to be once only.

Option 1 reads more cleanly because your fixed number does not overlap with the corporation's claim. Either way the Trustee holds the fee slice until the corporation's claim is resolved and pays it once. What you should not do is claim net and say nothing about the fees. If the corporation's claim fails or is compromised, you would end up paying those fees twice with no claim on file.

If⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ you are not sure which row applies, use the first row. The Administrator's reconciliation will show which months SIREG remitted, and the Trustee can adjust your figure once the corporation's records are in.

A one-page schedule attached to Form 31, with a line per item, the basis for each number and the document that proves it. The example below is for an owner whose guaranteed rent was $1,761.23 a month with $385.00 in condo fees deducted, who terminated the agreement effective September 17, 2026, and whose tenant paid $1,138.91 to SIREG for September. Change the dates and amounts to your own.

The total on the face of Form 31 is the liquidated figure. The contingent line is shown separately so the Trustee can see it without counting it twice against the corporation's claim. If you paid the August and September fees to the corporation yourself, drop line (f) and claim lines (a) and (b) at the gross amount instead.

Do⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ not deduct them yourself. SIREG was entitled to those fees only if it provided the service for the month. If the Trustee thinks a deduction applies, it will say so when it reviews your claim.

If your statements show deductions above what your agreement allows (for example, a Simple Fund charge above the contract rate, or an administrative fee the agreement does not mention), you can add the overcharge as a separate line. Keep it small and specific, with the statement attached.

Nobody knows yet. The Trustee has said SIREG's funds were exhausted by late October. Ordinary unsecured creditors are paid last and often receive little. Trust claims, if accepted, rank ahead of that, which is why the deposit and post-termination rent matter. Filing costs nothing except your time, and a claim not filed is a claim not paid.

To⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ the corporation, as directed by the Administrator, and nowhere else. The Administrator's updates set out how November fees are collected while new bank accounts and a pre-authorized debit are being set up. Do not pay SIREG or any SIREG account. SIREG Management has stopped collecting rent and paying expenses, and the Trustee has said any November pre-authorized debits SIREG took in error will be refunded.

Yes, as a matter of law. Common expenses are the owner's obligation to the corporation, and the corporation has a lien on the unit for unpaid fees. If SIREG deducted fees from your rent and kept them, your remedy is against SIREG (see sections 2 and 4). The Administrator will reconcile each corporation's books and tell owners where they stand; you do not need to guess at arrears now.

The Trustee has said that unit keys held by SIREG for the 27 administered corporations go to the Administrator, not to individual owners. Contact the Administrator through the address in his updates to arrange access.

You,⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ as the landlord. Send your tenant a written direction to pay rent to you (or your new manager) from the next rent date, with your contact details and the method of payment. Keep a copy. Your tenant's lease continues on the same terms; only the person collecting the rent changes. If SIREG held your tenant's last-month deposit, you are responsible for it to the tenant under the Residential Tenancies Act; that is why it goes into your claim against SIREG.

Not lawfully. A tenant in Ontario cannot withhold rent over repairs; their remedy is an application to the Landlord and Tenant Board. In practice, the quickest way to keep rent flowing is to deal with the repair request and to tell the tenant who is now responsible for the building. Building-wide repairs are the Administrator's; in-suite repairs are yours.

The Administrator is appointing new property management for each corporation. Until then he handles critical repairs, insurance and bills directly. Management of your own unit (finding tenants, collecting rent, in-suite maintenance) is now yours to arrange.

No.⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ The Network is an independent, volunteer-run group of owners across the SIREG buildings. It is not part of the Administration or the bankruptcy, and neither the Administrator nor the Trustee requires anyone to join it. Official communications from the Administrator go to every owner on the corporation's owner list whether or not you register.

The owner page (condoownersnetwork.com/verify) and tenant page (condoownersnetwork.com/tenant) confirm that the people in the Network's groups are real owners and tenants of the buildings, so that building information is not shared with strangers. Registering also lets owners choose to share documents they hold (budgets, minutes, status certificates, old correspondence) with the Administrator and LDDC, which helps rebuild records SIREG did not hand over.

• shares updates between owners across the 40-plus buildings, so nobody relies on rumour;
• collects building documents from owners, with consent, for the Administrator and LDDC;
• offers simple tools, such as a proof-of-claim generator (https://condoownersnetwork.com/proof-of-claim) and an "I've filed" tracker, to make filing easier;
• keeps a list of common questions, like this one.

It does not give legal advice, does not act for any corporation, and does not collect money from owners.

No.⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ Several groups are approaching owners, including investor coalitions and management companies looking for business. Read what you are signing. Nothing from the Network asks you to sign a retainer, appoint a manager, or pay a fee. For anything that affects your corporation, the Administrator's updates are the authoritative source.

Questions⁠​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌‌​​‌‌​​‌​​​‌‌​‌‌‌‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​‌‌‌​​‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​‌​​​‌‌‌​‌‌‌​‌‌​‌‌‌‌​‌‌‌​​‌​​‌‌​‌​‌‌​​‌​‌‌‌​​‌‌​​​‌‌​‌‌​‌‌‌‌​‌‌​‌‌​‌​‌‌‌‌‌​​​‌‌‌​​‌‌​‌‌​‌​​‌​‌‌‌​​‌​​‌‌​​‌​‌​‌‌​​‌‌‌​​‌​‌‌​‌​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌‌‌​​‌‌​‌​‌‌​‌‌‌​​‌​​‌‌‌​‌​‌​‌‌‌​​​​​‌‌‌​‌​​​‌‌​​​‌‌​‌‌‌‌​​‌​​‌​‌‌​‌​‌‌​‌‌‌‌​‌‌‌​‌‌‌​‌‌​‌‌‌​​‌‌​​‌​‌​‌‌‌​​‌​​​‌​‌‌​‌​‌‌​​‌‌​​‌‌​​​​‌​‌‌‌​​​‌​‌‌‌‌‌​​​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​​​‌​‌‌​‌​​‌‌​​​‌​​‌‌​​​‌​​‌​‌‌​‌​​‌‌​​​​​​‌‌​‌‌​⁠ about your corporation, fees, keys or repairs go to the Administrator at the address in his updates. Questions about your own proof of claim go to the Trustee, AlixPartners, at the contact in its notice of bankruptcy. General questions and anything you think other owners should know can go to the Network, and we will add the common ones here.