Ontario · Receivership (court-appointed)
Third and Final Receiver's Report
Court officer report · 6 June 2025
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: estimated · quote: Subject to the payment of the Receiver Fees, Independent Counsel's Fees, the Receiver Fee Accrual and all residual receivership costs and expenses, the Receiver proposes the residual proceeds, estimated as $1,953,869.66, be distributed to FCC on account of its secured claim. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1953869.66 · amount high: 1953869.66 · class label: FCC (secured claim) · creditor name: FCC · interim final: unstated · conditional on: Subject to the payment of the Receiver Fees, Independent Counsel's Fees, the Receiver Fee Accrual and all residual receivership costs and expenses · claims qualifier: unstated; basis: estimated · quote: FCC will suffer a shortfall on its secured claim. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: FCC (secured claim) · creditor name: FCC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver does not anticipate that there will be any funds available for distribution to any other creditor. · pct of: unstated · outcome: nil · stated by: receiver · class label: any other creditor · interim final: unstated · claims qualifier: unstated · stated on: 2025-06-06 · table missing: