Ontario · Receivership (court-appointed)

Motion Record returnable April 2, 2015

Application / notice of application · 27 March 2015

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: A claim for priority over the Applicants for GST/HST owing by the Debtor has been made by CRA, and the Receiver wishes to assign the Debtor into bankruptcy to reverse the priority of the claim so that it is subordinated to that of the applicants, given that the proposed sale to TGPI will leave a shortfall to the applicants of approximately $5 million; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Applicants · creditor name: Trez Capital Limited Partnership and Computershare Trust Company of Canada · interim final: unstated · claims qualifier: unstated · shortfall amount: 5000000 · stated on: 2015-03-27 · table missing: