Quebec · Receivership (court-appointed)
Second Interim Report Submitted as Receiver
Court officer report · 15 January 2015
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What we verified from this filing6 verified
- closing confirmedscope: the Real Property · outcome: not_completed · purchaser: Porta Möbel GmbH & Co. · date basis: stated_partial · approval order date: 2014-12-18
- process resultsbids: 4 · note: Real Property presented to 4 different parties for leasing and purchase; only Porta expressed interest.
- purchaserPorta Möbel GmbH & Co.
- recovery outcomeentries: basis: unstated · quote: Distributions to the Secured Creditors in the amount of €1,540K (as part of the regular/scheduled quarterly payments to the Secured Creditors as per the loan agreement); · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1540000 · cumulative: false · amount high: 1540000 · class label: Secured Creditors · creditor name: Titan Europe 2006-5 P.L.C. and Credit Suisse International · interim final: unstated · claims qualifier: unstated · stated on: 2015-01-15 · table missing:
- sale advisorGarigal Asset Management GmbH
- sale outcometext: The SPA providing for the sale of the Real Property was signed, with the transfer of property to become effective on March 31, 2015, subject to completion of required steps. · scope: parcel · status: pending_approval