Ontario · Receivership (court-appointed)
First Report of the Receiver dated November 28, 2018
Court officer report · 28 November 2018
Also filed as: First Report of the Interim Receiver dated November 28, 2018; First Report of the Receiver dated November 28, 2018
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 filing7 verified · 3 withheld
- secured creditorsnote: Approximate amount, covering multiple years · page: 5 · as of: 2018-10-11 · amount: 12000 · debtor: 2321198 Ontario Inc. (Puccini Property) · creditor: Town of Richmond Hill · currency: CAD · security: Realty tax arrears
- secured creditorsnote: Approximate amount · page: 5 · as of: 2018-10-11 · amount: 3700 · debtor: 2321197 Ontario Inc. (Elm Grove Property) · creditor: Town of Richmond Hill · currency: CAD · security: Realty tax arrears
- secured creditorsnote: Only mortgagee on the Elm Grove Property; principal amount stated, not a confirmed outstanding balance · page: 5 · amount: 2200000 · debtor: 2321197 Ontario Inc. (Elm Grove Property) · creditor: Buduchnist Credit Union Limited (BCU) · currency: CAD · security: Charge/mortgage - principal amount
- secured creditorsnote: Only mortgagee on the Puccini Property; principal amount stated, not a confirmed outstanding balance; debt described as in default and not being serviced · page: 5 · amount: 2500000 · debtor: 2321198 Ontario Inc. (Puccini Property) · creditor: Buduchnist Credit Union Limited (BCU) · currency: CAD · security: Charge/mortgage - principal amount
- unsecured creditorsnote: Municipal tax arrears covering multiple years; may be preferred claim as municipal taxes but not explicitly labelled preferred in document · page: 5 · as of: 2018-10-11 · basis: As reported in Receiver's report · amount: 12000 · debtor: 2321198 Ontario Inc. (Puccini Property) · creditor: Town of Richmond Hill (realty tax arrears, multiple years) · currency: CAD
- unsecured creditorsnote: Municipal tax arrears; may be preferred claim as municipal taxes but not explicitly labelled preferred in document · page: 5 · as of: 2018-10-11 · basis: As reported in Receiver's report · amount: 3700 · debtor: 2321197 Ontario Inc. (Elm Grove Property) · creditor: Town of Richmond Hill (realty tax arrears) · currency: CAD
- secured creditorsnote: Amount not stated; also separately seeking receiver appointment to take possession of and sell Puccini Property; disputed entitlement to net proceeds vs BCU · page: 6 · debtor: 2321198 Ontario Inc. (Puccini Property) · creditor: Trade Capital Finance Corp. · currency: CAD · security: Mareva Order registered against Puccini Property (May 6, 2015)
3 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.