Ontario · Winding-up (WURA)
Liquidator's Report - 2004.08.25
Court officer report · 25 August 2004
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: d) approving and authorizing a second interim distribution of 25% of valid and allowed loss claims (the 'Second Distribution'), bringing total distributions to 50% thereof, as claims are allowed. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: liquidator · cumulative: true · class label: all policyholders / valid loss claims · interim final: interim · conditional on: distribution level as claims are allowed; bringing total distributions to 50% · claims qualifier: unstated; basis: estimated · quote: However, based on current information and assuming no unforeseen negative developments, the Liquidator is optimistic that payment of 100% of valid loss claims will be reached by 2007. · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: all policyholders / valid loss claims · interim final: unstated · conditional on: based on current information and assuming no unforeseen negative developments, by 2007 · claims qualifier: unstated; basis: unstated · quote: (b) approving a first interim distribution to policyholders and claimants of 25% of their valid and allowed loss claims (the 'First Distribution'). · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: liquidator · cumulative: false · class label: policyholders / valid policyholder loss claims · interim final: interim · claims qualifier: unstated; basis: actual · quote: This Court approved a first distribution of 25 cents on the dollar on valid policyholder claims. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: court · class label: policyholders / valid policyholder claims · interim final: unstated · cents on dollar: 25 · claims qualifier: unstated · stated on: 2004-08-25 · table missing: