Ontario · Receivership (court-appointed)
Motion Record of Proposal Trustee
Application / notice of application · 27 May 2021
What we verified from this filing8 verified
- applicantMNP Ltd.
- appointeeMNP Ltd.
- appointee roleProposal Trustee
- commencement date27 May 2021
- courtSUPERIOR COURT OF JUSTICE
- court file no32-2720193
- provinceOntario
- recovery outcomeentries: basis: actual · quote: Ultimately on January 28, 2021, the indebtedness formerly owed to BMO was paid in full from funds available in the Company as well from the sole shareholders, Richard Vanderlubbe and Paul Foster (collectively the ' Shareholders '). · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: BMO (senior/sole general secured creditor) · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Estimated distribution to Unsecured Creditors (%) | 14.88% | · pct of: unstated · outcome: distribution · pct low: 14.88 · pct high: 14.88 · class key: unsecured · stated by: proposal_trustee · amount low: 300000 · amount high: 300000 · class label: Unsecured Creditors (Ordinary Creditors) · claims amount: 2015873 · interim final: unstated · conditional on: if the Proposal is accepted by the Unsecured Creditors and approved by the Court · claims qualifier: estimated · stated on: 2021-05-19 · table missing: