Ontario · Receivership (court-appointed)
May 29, 2020 Supplementary Report of the Receiver
Court officer report · 29 May 2020
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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: Aviva is forecasted to experience a 2% shortfall on the Halo Project and a 6% shortfall on the Clover Project on its fourth-ranking mortgages · pct of: unstated · outcome: shortfall · pct low: 98 · pct high: 98 · class key: secured · stated by: receiver · class label: Aviva's fourth-ranking mortgages on the Halo Project · creditor name: Aviva · interim final: unstated · conditional on: preliminary estimates and several assumptions; recoveries will change as more accurate balances become available · claims qualifier: unstated · shortfall pct low: 2 · shortfall pct high: 2; basis: estimated · quote: Aviva is forecasted to experience a 2% shortfall on the Halo Project and a 6% shortfall on the Clover Project on its fourth-ranking mortgages · pct of: unstated · outcome: shortfall · pct low: 94 · pct high: 94 · class key: secured · stated by: receiver · class label: Aviva's fourth-ranking mortgages on the Clover Project · creditor name: Aviva · interim final: unstated · conditional on: preliminary estimates and several assumptions; recoveries will change as more accurate balances become available · claims qualifier: unstated · shortfall pct low: 6 · shortfall pct high: 6; basis: estimated · quote: and OTB will incur a total loss on its fifth-ranking mortgages. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: OTB fifth-ranking mortgages · creditor name: OTB · interim final: unstated · conditional on: preliminary estimates and several assumptions; recoveries will change as more accurate balances become available · claims qualifier: unstated; basis: unstated · quote: there will remain some unsecured creditors that will not see any recovery under the Stalking Horse Agreements, including real estate commissions in respect of the Unit Purchasers and Trades whose contracts are not assumed by the Purchasers · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors, including real estate commissions in respect of the Unit Purchasers and Trades whose contracts are not assumed · interim final: unstated · conditional on: other than any amounts that are Priority Holdback Amounts · claims qualifier: unstated · stated on: 2020-05-29 · table missing: