Ontario · Receivership (court-appointed)
Motion Record of the Receiver – 27 Mar 2025
Application / notice of application · 27 March 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: TD is projected to incur a shortfall on its advances to SOI and has consented to the auction proposal. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD · creditor name: Toronto-Dominion Bank · interim final: unstated · related party: false · claims qualifier: unstated; basis: unstated · quote: To withhold an estimated amount of $36,000 to Service Canada on account of valid claims paid pursuant to WEPP and the priority security of $2,000 per employee over the current assets of SOI as afforded by section 81.4(1); and · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 36000 · amount high: 36000 · class label: Service Canada (WEPP) · creditor name: Service Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $400,000 to TD to reinterest and the balance on account of the remaining TD security. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 400000 · amount high: 400000 · class label: TD · creditor name: Toronto-Dominion Bank · interim final: unstated · related party: false · claims qualifier: unstated · stated on: 2025-03-25 · table missing: