Ontario · Winding-up (WURA)
Liquidator's Report - 2011.06.22
Court officer report · 22 June 2011
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: THIS COURT ORDERS that the Liquidator is hereby authorized to pay a first interim distribution from the estate of Reliance {Canada) in the amount of 25% of valid and allowed policyholder loss claims, where such amount exceeds the payments authorized by paragraphs 8 and 9 of the Appointment Order. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · stated by: court · cumulative: false · class label: policyholder loss claims · interim final: interim · conditional on: where such amount exceeds the payments authorized by paragraphs 8 and 9 of the Appointment Order · claims qualifier: unstated; basis: actual · quote: THIS COURT ORDERS that the Liquidator is hereby authorized to pay a second interim distribution from the estate of Reliance (Canada) in the amount of 25% of valid and allowed policyholder loss claims, where, and to the extent that, such amount combined with the amount of payment by way of the first interim distribution exceeds the payments authorized by either paragraph 8 of the Order of this Court dated December 3, 2001 inter alia appointing the Liquidator or paragraph 4 hereinabove. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · stated by: court · class label: policyholder loss claims · interim final: interim · conditional on: where, and to the extent that, such amount combined with the amount of payment by way of the first interim distribution exceeds the payments authorized by either paragraph 8 of the Order of this Court dated December 3, 2001 inter alia appointing the Liquidator or paragraph 4 hereinabove · claims qualifier: unstated; basis: actual · quote: THIS COURT ORDERS that the Liquidator is hereby authorized to pay a third interim distribution from the estate of Reliance (Canada) in the amount of 15% of valid and allowed loss claims, where, and to the extent that, such amount, combined with the amount of payment by way of the first and second interim distributions, exceeds the payments authorized by paragraph 8 of the Order of this Court dated December 3, 2001 inter alia appointing the Liquidator. · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 15 · stated by: court · class label: loss claims · interim final: interim · conditional on: where, and to the extent that, such amount, combined with the amount of payment by way of the first and second interim distributions, exceeds the payments authorized by paragraph 8 of the Order of this Court dated December 3, 2001 inter alia appointing the Liquidator · claims qualifier: unstated; basis: actual · quote: THIS COURT ORDERS that the Liquidator is hereby authorized to pay a fourth interim distribution from the estate of ReIiance (Canada) in the amount of 15% of valid and allowed loss claims, where, and to the extent that, such amount, combined with fhe amount of payment by way of the first, second and third interim distributions, exceeds the payments authorized by paragraph 8 of the Order of this Court dated-December 3, 2001 inter alia appointing the Liquidator. · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 15 · stated by: court · class label: loss claims · interim final: interim · conditional on: where, and to the extent that, such amount, combined with fhe amount of payment by way of the first, second and third interim distributions, exceeds the payments authorized by paragraph 8 of the Order of this Court dated-December 3, 2001 inter alia appointing the Liquidator · claims qualifier: unstated; basis: actual · quote: THIS COURT ORDERS that the Liquidator is hereby authorized to pay a fifth interim distribution from the estate of Reliance (Canada) in the amount of 20% of valid and allowed loss claims, where, and to the extent that, such amount, combined with the amount of payment by way of the first, second, third and fourth interim distributions, exceeds the payments authorized by paragraph 8 of the Order herein of the Honourable Mr. Justice Farley dated December 3, 2001 that, inter alia, appointed the Liquidator (the "Appointment Order"). · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · stated by: court · class label: loss claims · interim final: interim · conditional on: where, and to the extent that, such amount, combined with the amount of payment by way of the first, second, third and fourth interim distributions, exceeds the payments authorized by paragraph 8 of the Order herein of the Honourable Mr. Justice Farley dated December 3, 2001 that, inter alia, appointed the Liquidator (the "Appointment Order") · claims qualifier: unstated; basis: actual · quote: THIS COURT ORDERS that the Liquidator is hereby authorized to pay a distribution from the estate of Reliance Canada in the amount of 100% of valid and allowed ordinary creditor claims up to a cumulative total amount of $100,000.00, including, for greater certainty, the claim of Hub International Ltd. filed in the amount of (V.S,) $5,810.87. · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: court · cumulative: true · class label: ordinary creditor claims · interim final: unstated · conditional on: up to a cumulative total amount of $100,000.00 · 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, With reference to Note 12, pursuant to an Order of the Court dated July 14, 2009 the Court approved the payment of post-liquidation interest ("PLI") by the Liquidator in December 2009. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · stated by: liquidator · class label: Allowed Policy Loss Claims · interim final: unstated · claims qualifier: unstated · stated on: 2001-12-03 · table missing: