Ontario · Winding-up (WURA)
Liquidator's Report - 2003.06.20
Court officer report · 20 June 2003
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: (b) approving a first interim distribution to policyholders and claimants of 25% of their valid and allowed loss claims (the 'First Distribution'). · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: preferred · stated by: liquidator · class label: policyholders and claimants (loss claims) · interim final: interim · claims qualifier: unstated; basis: estimated · quote: The Liquidator remains confident that, whether a transaction is consummated or not, all valid claims against Reliance (Canada) will be paid in full. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: liquidator · class label: policyholders (valid claims) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: of those, approximately 8,660 claims, having a value of approximately $12.1 million, have been paid in full in accordance with the court authorized payments; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: liquidator · class label: policyholder claims (Resolved Claims paid via court authorized payments) · claims amount: 12100000 · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the Liquidator remains of the view that Reliance (Canada) will pay all valid policyholder claims in full. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: liquidator · class label: all valid policyholder claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: (b) this Court approve the First Distribution of 25% on all valid and allowed loss claims, to be calculated as set out above. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: preferred · stated by: liquidator · class label: all valid and allowed loss claims · interim final: unstated · claims qualifier: unstated · stated on: 2003-06-20 · table missing: