Ontario · Receivership (court-appointed)
First Report of the Receiver dated December 11, 2014
Court officer report · 11 December 2014
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: it is the Receiver's preliminary assessment, based on the above facts, that NCOF will likely suffer a significant shortfall in the secured indebtedness owing to it by CSI, and that any recovery by unsecured creditors or secured creditors of CSI ranking subordinate to NCOF is highly unlikely. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: NCOF (secured lender) · creditor name: Norrep Credit Opportunities Fund, LP · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: it is the Receiver's preliminary assessment, based on the above facts, that NCOF will likely suffer a significant shortfall in the secured indebtedness owing to it by CSI, and that any recovery by unsecured creditors or secured creditors of CSI ranking subordinate to NCOF is highly unlikely. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors or secured creditors of CSI ranking subordinate to NCOF · interim final: unstated · claims qualifier: unstated · table missing: