Ontario · Receivership (court-appointed)
Supplement to the Fourth Report of the Trustee dated January 26, 2017
Court officer report · 26 January 2017
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 filing3 verified
- secured creditorsnote: Correction to Fourth Report: quantum previously stated as $3.5 million was superseded by increase to $11 million via registration on title Nov 13, 2015 · page: 6 · as of: 2015-11-13 · amount: 11000000 · debtor: Scollard Development Corporation · creditor: Trisura Guarantee Insurance Company · currency: CAD · security: Charge/Mortgage of Land (Boathaus property, 1606-1614 Charles St, Whitby) originally registered June 30, 2015 for $3,500,000 principal, amended/increased by registration November 13, 2015 to $11,000,000 principal (Trisura Boathaus Charge)
- secured creditorsnote: Amount is an approximate figure ('approximately $2,500,000') stated in the Downing Street commitment letter for payout of the Firm Capital Mortgage; not an exact dated balance · page: 10 · as of: Commitment Letter dated January 25, 2017 (approximate payout figure) · amount: 2500000 · debtor: Scollard Development Corporation (Boathaus Property) · creditor: Firm Capital Mortgage Fund Inc. · currency: CAD · security: Existing mortgage registered on title against the Boathaus Property (Firm Capital Mortgage)
- secured creditorsnote: Priority subordinated/postponed to Trisura Guarantee Insurance Company mortgage per Postponement of Interest registered Nov 13, 2015; amount not stated (various RRSP account holder interests per schedules) · page: 22 · as of: 2015-11-13 · debtor: Scollard Trustee Corporation · creditor: Olympia Trust Company, in trust for various RRSP Account Holders · currency: CAD · security: Charge/Mortgage of Land registered as Instrument No. DR1297446 on September 8, 2014, transferred to Olympia Trust Company; postponed in rank to the Trisura Mortgage (DR1376600 as amended)