Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated April 29, 2024
Application / notice of application · 29 April 2024
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Based on the aggregate proceeds from the sales of the Industrial Properties, including the Oster Proceeds, KingSett is expected to incur a shortfall on its loans to Taurasi Holdings. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: KingSett · creditor name: KingSett · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the proceeds from the transaction, KingSett will incur a shortfall on its loans to On the Mark and, accordingly, the proposed distribution will be significantly less than the KingSett indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: court · class label: KingSett · creditor name: KingSett · interim final: unstated · claims qualifier: unstated · stated on: 2024-04-29 · table missing: