Ontario · Receivership (court-appointed)
Second Court Report
Court officer report · 19 January 2021
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: actual · quote: The Receiver has paid secured creditor distributions of $1.0 million to TSCC 1786 and approximately $6.56 million to Versabank as approved in the July 17 Order. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 6560000 · amount high: 6560000 · class label: Versabank (senior secured lender) · creditor name: Versabank · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Receiver has paid secured creditor distributions of $1.0 million to TSCC 1786 and approximately $6.56 million to Versabank as approved in the July 17 Order. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 1000000 · amount high: 1000000 · class label: TSCC 1786 · creditor name: TSCC 1786 · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: There will be no funds available for distribution to any of the remaining secured creditors in this receivership. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: remaining secured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-01-19 · table missing: