Ontario · Receivership (court-appointed)
Information Officers Fourth Court Report
Court officer report · 14 April 2021
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: the Joint Administrators had paid all preferential claims in full; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: preferential creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: on June 24, 2016, an interim dividend of 20% was declared to unsecured creditors, and paid thereafter; · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: monitor · cumulative: false · class label: unsecured creditors - interim dividend · interim final: interim · claims qualifier: unstated; basis: actual · quote: on April 20, 2017, a second interim dividend of 8% was declared for all unsecured creditors with an agreed claim, and paid thereafter. · pct of: unstated · outcome: distribution · pct low: 8 · pct high: 8 · class key: unsecured · stated by: monitor · cumulative: false · class label: unsecured creditors - second interim dividend · interim final: interim · claims qualifier: unstated; basis: estimated · quote: the Joint Liquidators anticipated paying a third dividend in the amount of 6.71% in June 2020 bringing the total paid to unsecured creditors across the administration and liquidation to 34.81%; · pct of: unstated · outcome: distribution · pct low: 6.71 · pct high: 6.71 · class key: unsecured · stated by: monitor · cumulative: false · class label: unsecured creditors - third dividend · interim final: interim · claims qualifier: unstated; basis: estimated · quote: the Joint Liquidators anticipated paying a third dividend in the amount of 6.71% in June 2020 bringing the total paid to unsecured creditors across the administration and liquidation to 34.81%; · pct of: unstated · outcome: distribution · pct low: 34.81 · pct high: 34.81 · class key: unsecured · stated by: monitor · cumulative: true · class label: unsecured creditors - cumulative dividends to date · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: At this stage, due to uncertainty over the final costs of the insolvency process, it is not possible to estimate the timing or quantum of the final dividend. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: monitor · class label: unsecured creditors - third and final dividend · interim final: final · claims qualifier: unstated; basis: actual · quote: The total amount distributed to CRA in the first and second interim dividends by the Joint Administrators was £215,698.48, which represented 28.1% of the claim filed by the CRA. · pct of: unstated · outcome: distribution · pct low: 28.1 · pct high: 28.1 · class key: deemed_trust · stated by: monitor · cumulative: true · class label: CRA claim · creditor name: CRA · interim final: interim · claims qualifier: unstated · stated on: 2021-04-14 · table missing: