Ontario · Receivership (court-appointed)
Tenth Report of Receiver (without appendices), dated November 26, 2013
Court officer report · 26 November 2013
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: $791,000.00 to MCAP in partial satisfaction of the MCAP Mortgage; and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 791000 · cumulative: false · amount high: 791000 · class label: MCAP (Lafontaine Terrace Property) · creditor name: MCAP · interim final: interim · claims qualifier: unstated; basis: actual · quote: $130,000.00 to the Sugars in partial satisfaction of the charge/the Sugar Mortgage in the original principal sum of $450,000 plus interest and costs. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 130000 · cumulative: false · amount high: 130000 · class label: Sugars (Lafontaine Terrace Property) · creditor name: the Sugars · interim final: interim · claims qualifier: unstated; basis: actual · quote: such that as a settlement the parties have agreed that $20,000 be paid to the CRA with the remaining proceeds being paid to the Sugars. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 20000 · amount high: 20000 · class label: CRA (Lafontaine Terrace Property, deemed trust settlement) · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: This shows distributions as follows: (i) CRA - $20,000; (ii) MCAP · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 20000 · amount high: 20000 · class label: Second interim distribution - CRA (Lafontaine Terrace) · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: 91. $142,055.92; and (i) Sugars - $120,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 142055.92 · amount high: 142055.92 · class label: Second interim distribution - MCAP (Lafontaine Terrace) · creditor name: MCAP · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: 91. $142,055.92; and (i) Sugars - $120,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 120000 · amount high: 120000 · class label: Second interim distribution - Sugars (Lafontaine Terrace) · creditor name: the Sugars · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: All of these offers resulted in a shortfall to Vector and as a result, none of these offers were acceptable to the ORR Mortgagees. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Vector (secured creditor, ORR Property) · creditor name: Vector · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Completing the interim distributions authorized by the Court to Fred Rankel, the secured creditor of the Coldwater and Brechin Properties of $37,500 and $7,500 respectively on August 8, 2013; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 37500 · cumulative: false · amount high: 37500 · class label: Fred Rankel, secured creditor (Coldwater Property) · creditor name: Fred Rankel · interim final: interim · claims qualifier: unstated; basis: actual · quote: Completing the interim distributions authorized by the Court to Fred Rankel, the secured creditor of the Coldwater and Brechin Properties of $37,500 and $7,500 respectively on August 8, 2013; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 7500 · cumulative: false · amount high: 7500 · class label: Fred Rankel, secured creditor (Brechin Property) · creditor name: Fred Rankel · interim final: interim · claims qualifier: unstated; basis: actual · quote: Attending to distributions of the Ace Self Storage sales proceeds, by way of interim distribution of $6.2 million to Pace Savings on August 14, 2013; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 6200000 · cumulative: false · amount high: 6200000 · class label: Pace Savings & Credit Union Limited (Ace Self Storage) · creditor name: Pace Savings & Credit Union Limited · interim final: interim · claims qualifier: unstated · table missing: