Ontario · Receivership (court-appointed)
Third Report of the Receiver (January 21, 2020)
Court officer report · 21 January 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As a result, Corner Flag has been repaid in full and no longer has any secured or other claim to the assets of EHGNA. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Corner Flag · creditor name: Corner Flag · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As described above, Corner Flag and MBFS have now been repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: MBFS · creditor name: MBFS · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Trustee's Report advised that, given the quantum of remaining secured claims as of the date of bankruptcy, it is expected that there will be no unencumbered assets available to the Trustee for realization and distribution to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: At present, in light of the quantum of secured claims asserted by the Primary Secured Creditors, the Receiver believes it is unlikely that there will be sufficient proceeds to make any distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 259000000 · interim final: unstated · claims qualifier: unstated · table missing: