Ontario · Receivership (court-appointed)
Motion Record dated October 14, 2022 returnable October 28, 2022
Application / notice of application · 14 October 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As set out in the second report of the receiver dated August 13, 2020, the Applicant has been repaid in full with the possible exception of the 3 months' interest and 261 has received partial repayment of its loan as the net proceeds of the sale of the Real Property were not sufficient to repay the indebtedness of 261 in full; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: the Applicant · creditor name: 2478888 Ontario Inc. · interim final: unstated · conditional on: possible exception of the 3 months' interest · claims qualifier: unstated; basis: actual · quote: As set out in the second report of the receiver dated August 13, 2020, the Applicant has been repaid in full with the possible exception of the 3 months' interest and 261 has received partial repayment of its loan as the net proceeds of the sale of the Real Property were not sufficient to repay the indebtedness of 261 in full; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: 261 · creditor name: 2615333 Ontario Inc. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: There will be no amounts available for distribution to any other subordinate mortgagees or other creditors of the Debtor. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other subordinate mortgagees or other creditors of the Debtor · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver notes that, given the deficiency to be incurred by 261, even if such amounts were not paid to 247 or 261, there would be no amounts available for distribution to any other creditor. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: any other creditor · interim final: unstated · conditional on: given the deficiency to be incurred by 261, even if such amounts were not paid to 247 or 261 · claims qualifier: unstated · stated on: 2022-10-14 · table missing: