Ontario · Receivership (court-appointed)

Motion Record of the Receiver returnable November 3, 2022

Application / notice of application · 24 October 2022

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

counselThornton Grout Finnigan LLP
recovery outcomeentries: basis: unstated · quote: After extensive conversations and negotiations, the Receiver, in consultation with TD, who will suffer a shortfall on its secured indebtedness and is therefore the only stakeholder with an economic interest, ultimately abandoned such collections efforts as it was determined that the additional cost of continuing such collection efforts would outweigh the potential benefit to the receivership estate. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD · creditor name: The Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated · stated on: 2022-10-24 · table missing: