Ontario · Receivership (court-appointed)
Ninth Report of Receiver (without appendices), dated July 23, 2013
Court officer report · 23 July 2013
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: the mortgagees of record on the Dorset Place Property have already had their mortgages paid out in full; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: mortgagees of record on the Dorset Place Property · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: authorizing the Receiver to make an interim distribution of $6.2 million to the secured creditor, Pace Savings, following completion of the closing of the transaction contemplated by the Ace APS and filing a Receiver's Certificate confirming that the transaction has been completed as contemplated; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 6200000 · amount high: 6200000 · class label: Pace Savings · creditor name: Pace Savings · interim final: interim · conditional on: following completion of the closing of the transaction contemplated by the Ace APS and filing a Receiver's Certificate · claims qualifier: unstated; basis: unstated · quote: authorizing the Receiver to distribute $45,000 to the secured creditor, Fred Rankel, from the net proceeds held for the following properties: Coldwater ($37,500) and Brechin ($7,500). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 45000 · amount high: 45000 · class label: Fred Rankel · creditor name: Fred Rankel · interim final: unstated · claims qualifier: unstated · stated on: 2013-07-23 · table missing: