Ontario · Receivership (court-appointed)

Receiver's First Report dated March 25, 2014

Court officer report · 25 March 2014

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

secured creditorsnote: Amount outstanding on Mortgage as of October 1, 2012 per para 44; demand letter dated September 28, 2012 stated $3,832,982.00 due and payable as of September 21, 2012 with interest accruing at $633.29 per diem (see also arrears figure of $1,810,277.41 as at October 1, 2012, which is arrears only, not full balance); Notice of Intention to Enforce Security under s.244 BIA served September 28, 2012 · page: 43 · as of: 2012-10-01 · amount: 3839277.41 · debtor: Algoma Residential Co-Operative Inc. · creditor: Canada Mortgage and Housing Corporation · currency: CAD · security: First mortgage on the Property (originally given to Morguard Trust Company in the amount of $3,556,828.97, dated March 31, 1983, transferred through several holders to CMHC April 1, 1998); also General Assignment of Rents