Ontario · Bankruptcy
Pre-Appointment Report of the Proposed Trustee dated
Pre-filing report · 9 June 2022
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What we verified from this filing2 verified
- secured creditorsnote: The $500,000,000 is the registered principal amount of the 1982 debenture, not a confirmed outstanding balance; the Proposed Trustee has not investigated whether any amount remains owing to CIBC and has not obtained an opinion of independent counsel as to the validity or enforceability of the security. · page: 10 · debtor: Bramalea Inc. (formerly Bramalea Limited/BCDL) · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: Debenture dated January 20, 1982, registered against Parcel 180 (PIN 14025-0180), in the principal sum of $500,000,000, bearing interest at 30% per annum compounding monthly, secured by fixed/specific mortgages and charges over Bramalea's freehold interests in Ontario, Manitoba, Saskatchewan and Alberta lands, leasehold interests (Toronto Star Building, Sudbury, Hyatt Vancouver), and an assignment of leases and rents
- secured creditorsnote: The Proposed Trustee has not investigated whether any amount remains owing nor obtained an opinion on validity/enforceability; Nak Design '88 Inc. has been dissolved and could not be served with the motion record. · page: 10 · as of: 1995-03-28 · amount: 4772 · debtor: Bramalea Inc. · creditor: Nak Design '88 Inc. · currency: CAD · security: Construction lien registered March 28, 1995 against Parcel 181 (PIN 14025-0181)