Ontario · Receivership (court-appointed)
Moldco Plastics - Trustee's Report to Creditors on Prelimiary Administration
Court officer report · 11 October 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: As noted in the above table, even if the Receiver realizes all assets in full, there will remain a significant shortfall on the secured indebtedness due to TD with the result that there will be no funds available for distribution to the unsecured creditors of the estates. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: TD (senior secured lender) · creditor name: The Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As noted in the above table, even if the Receiver realizes all assets in full, there will remain a significant shortfall on the secured indebtedness due to TD with the result that there will be no funds available for distribution to the unsecured creditors of the estates. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: