Ontario · Receivership (court-appointed)
Supplementary Motion Record
Application / notice of application · 16 May 2019
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What we verified from this filing7 verified · 1 withheld
- applicantHARRIS & PARTNERS INC. AS TRUSTEE IN BANKRUPTCY OF LILLIAN MARRY ZIVKOVIC
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-18-00605692-00CL
- appointeeHARRIS & PARTNERS INC.
- appointee roleReceiver
- secured creditorsnote: Described as 'Secured Creditors' holding first and second mortgages; support the proposed sale transaction · page: 10 · debtor: Filan Inc. · creditor: Yogesh Shah and Rita Shah · currency: CAD · security: First and second mortgages on 585 Sobie Road, Grimsby (registered principal/priority not stated)
- recovery outcomeentries: basis: estimated · quote: In light of the review of the Mortgagor's security and the Receiver's expectation that the Mortgagor will suffer a shortfall if the Transaction is approved and completed, the Receiver proposes to pay the net proceeds of the Transaction in the following priority: · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Mortgagor · creditor name: Yogesh Shah and Rita Shah · interim final: unstated · conditional on: if the Transaction is approved and completed · claims qualifier: unstated · stated on: 2019-05-15 · table missing: A copy of the Receiver's statement of receipts and disbursements to date is attached as Appendix "O".; A copy of the same document, extrapolated to reflect the anticipated receipts upon closing of the Transaction and the corresponding distributions to the Receiver, its counsel, the Town of Grimsby and the Mortgagor, is attached as Confidential Appendix "F".
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.