Ontario · Receivership (court-appointed)
Motion Record returnable December 21, 2012
Application / notice of application · 14 December 2012
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- proceeding typereceivership_court
- recovery outcomeentries: basis: estimated · quote: Approximately $2.275 million to FirstOntano (plus per them interest of %40J83) ` rop/oaantingpayrnen\in[oUofthoCnrnpxny`oindebtedn8SS owing to FirstOntario; and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 2275000 · amount high: 2275000 · class label: FirstOntario · creditor name: FirstOntario Credit Union Limited · interim final: unstated · conditional on: Subject to completion of the Transaction · claims qualifier: unstated; basis: estimated · quote: FirstOntario and RBC, the only stakeholders with an economic Interest in the Transaction, have consented to the Transaction, RBC will incur a shortfall on its advances to the Company; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated · table missing: