Ontario · Receivership (court-appointed)
Information Officers Second Court Report - 3/22/2016
Court officer report · 22 March 2016
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: It is highly unlikely that realisations from the sale of the two areas of land will exceed the £13.5 million the Pension Scheme is entitled to, therefore there will be no surplus funds available to TRP's other creditors. · pct of: unstated · outcome: nil · stated by: monitor · class label: TRP's other creditors (subsequent to Pension Scheme) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: LBCF had no outstanding debt at the date of our appointment. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: LBCF · creditor name: LBCF · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: BoS had no outstanding debt due by TRP, hence its floating charge has not crystallised and no amounts are due to BoS. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: BoS · creditor name: BoS · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on current estimates, we anticipate that preferential creditors will be paid in full. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: preferential creditors · claims amount: 733000 · interim final: unstated · claims qualifier: estimated; basis: estimated · quote: Based on current estimates, we anticipate that unsecured creditors will receive a dividend. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · conditional on: amount and timing uncertain, dependent on final level of agreed creditors' claims and asset realizations · claims qualifier: unstated · stated on: 2016-03-22 · table missing: