Quebec · Receivership (court-appointed)
First Interim Report of the Receiver
Court officer report · 30 September 2022
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What we verified from this filing4 verified
- secured creditorsnote: Aggregate of amounts indicated on the index of immovables registry for multiple parties holding legal hypothecs of construction as of the Receivership date; not a single creditor. · page: 2 · as of: 2022-03-30 · amount: 18911697 · debtor: Flora I Limited Partnership · creditor: Parties holding legal hypothecs of construction against the Flora Property · currency: CAD · security: Legal hypothecs of construction (construction liens) registered against the Flora Property; rank ahead of the conventional hypothecs
- secured creditorsnote: Includes $4,932,007 of subrogated secured claims (payments made by Romspen to subcontractors) as of the Receivership date; as of the report date (Sept 30, 2022) subrogated claims are estimated at $6,522,619. DIP financing authorized up to $850,000, of which $340,000 had been drawn as of the report date. · page: 2 · as of: 2022-03-30 · amount: 19503264 · debtor: 10542113 Canada Inc. and Flora I Limited Partnership · creditor: Romspen Investment Corporation · currency: CAD · security: Senior ranking conventional hypothec (the "Romspen Hypothec") against the Flora Property; also provided court-approved DIP/interim financing ranking ahead of all claims except legal hypothecs of construction and the $100,000 administration charge
- secured creditorsnote: Nominal $1 claim shown in table; maximum claim amount is $6,100,000 (a ceiling, not a balance), subject to reduction for amounts Aviva may pay to promettant acheteur deposit holders. · page: 2 · as of: 2022-03-30 · amount: 1 · debtor: 10542113 Canada Inc. and Flora I Limited Partnership · creditor: Aviva Insurance Company of Canada · currency: CAD · security: Conventional hypothec ranking junior to the Romspen Hypothec (the "Aviva Hypothec")
- secured creditorspage: 2 · as of: 2022-03-30 · amount: 7000000 · debtor: 10542113 Canada Inc. and Flora I Limited Partnership · creditor: HRM Projet Villanova Inc. · currency: CAD · security: Conventional hypothec ranking junior to the Romspen Hypothec and the Aviva Hypothec