Ontario · Receivership (court-appointed)
Eighth Report of Receiver (without appendices), dated June 5, 2013
Court officer report · 5 June 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: unstated · quote: (i) that the first secured mortgagee, MCAP, receive a full payment of $917,832.71; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 917832.71 · amount high: 917832.71 · class label: MCAP (first mortgagee, Lafontaine Terrace Property) · claims amount: 917832.71 · creditor name: MCAP · interim final: interim · conditional on: subject to Court approval of the proposed interim distribution · claims qualifier: unstated; basis: unstated · quote: (iv) that the second mortgagee, the Sugars, receive a partial loan repayment of $130,000; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount low: 130000 · amount high: 130000 · class label: the Sugars (second mortgagee, Lafontaine Terrace Property) · claims amount: 559377.47 · creditor name: the Sugars · interim final: interim · conditional on: subject to Court approval of the proposed interim distribution · claims qualifier: unstated; basis: unstated · quote: (i) that Faithlife be paid out $620,000.00 in partial satisfaction of its total loan; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount low: 620000 · amount high: 620000 · class label: Faithlife Financial (mortgagee, Tudhope Manor Property) · creditor name: Faithlife · interim final: interim · conditional on: subject to Court approval of the proposed interim distribution · claims qualifier: unstated · stated on: 2013-06-05 · table missing: