Ontario · Receivership (court-appointed)
Third Report of the Receiver dated January 26, 2023
Court officer report · 26 January 2023
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: estimated · quote: The Waterfall Analysis reflects that KingSett will incur a shortfall and there would be no recoveries available to the Company's unsecured creditors or equity holders. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: KingSett Mortgage Corporation · creditor name: KingSett Mortgage Corporation · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Waterfall Analysis reflects that KingSett will incur a shortfall and there would be no recoveries available to the Company's unsecured creditors or equity holders. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: the Company's unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Waterfall Analysis reflects that KingSett will incur a shortfall and there would be no recoveries available to the Company's unsecured creditors or equity holders. · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: equity holders · interim final: unstated · claims qualifier: unstated · stated on: 2023-01-26 · table missing: