Ontario · Receivership (court-appointed)
Motion Record - Receiver - BDO Canada Limted - 12-November-2021
Application / notice of application · 12 November 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: The Receiver has made loan repayments to Centurion totaling $9,239,183.12 to fully retire Centurion's debt, including $13,033.86 in per-diem interest accrued from September 14, 2021 to September 22, 2021. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Centurion Mortgage Capital Corporation · creditor name: Centurion Mortgage Capital Corporation · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Therefore, the Receiver is seeking an Order authorizing the Receiver to distribute to Westmount $16,800 and any balance from the Remaining Funds to Diversified up to the amount of Diversified's total indebtedness (together the ' Final Distribution '). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 16800 · amount high: 16800 · class label: Westmount · claims amount: 16800 · creditor name: Westmount · interim final: final · claims qualifier: unstated; basis: estimated · quote: Diversified is expected to suffer a shortfall on its indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Diversified Capital Inc · creditor name: Diversified Capital Inc · interim final: unstated · claims qualifier: unstated · stated on: 2021-11-12 · table missing: