Ontario · Winding-up (WURA)
Motion Record - 2014.06.19
Application / notice of application · 19 June 2014
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What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: Pursuant to Orders of this Court, the Liquidator has and continues to pay the following benefits: (a) defence and adjustment costs, (b) a cumulative total distribution rate on Policy Loss Claims of 100%, (c) a distribution on ordinary creditor claims of 100%, up to a cumulative total of $100,000, and (d) a distribution of post-liquidation interest. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · class label: Policy Loss Claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Pursuant to Orders of this Court, the Liquidator has and continues to pay the following benefits: (a) defence and adjustment costs, (b) a cumulative total distribution rate on Policy Loss Claims of 100%, (c) a distribution on ordinary creditor claims of 100%, up to a cumulative total of $100,000, and (d) a distribution of post-liquidation interest. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · class label: ordinary creditor claims · interim final: unstated · conditional on: up to a cumulative total of $100,000 · claims qualifier: unstated; basis: actual · quote: This Court has approved six distributions to policyholders, resulting in a total recovery of 100% of their claims and a distribution of post-liquidation interest of 5%. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · class label: policyholders · interim final: unstated · claims qualifier: unstated; basis: actual · quote: This Court further approved a distribution of 100% on ordinary creditor claims up to a cumulative total amount of $100,000 by Order dated December 17, 2008. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · class label: ordinary creditor claims · interim final: unstated · conditional on: up to a cumulative total amount of $100,000 · claims qualifier: unstated; basis: actual · quote: Pursuant to the fifth interim distribution approved by the Court in April 2008, the Liquidator is paying policy holders and claimants 100% of their valid and allowed loss claims. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: policy holders and claimants (Allowed Policy Loss Claims) · interim final: interim · claims qualifier: unstated; basis: actual · quote: The fifth interim distribution approved by the Court on April 8, 2008 brought the total Court authorized level of distributions to 100% of any Allowed Policy Loss Claims, · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: Allowed Policy Loss Claims · interim final: unstated · claims qualifier: unstated · stated on: 2014-06-17 · table missing: