Ontario · Receivership (court-appointed)

Motion Record of the Receiver dated February 23, 2023

Application / notice of application · 23 February 2023

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 filing3 verified

counselNorton Rose Fulbright Canada LLP
counselNorton Rose Fulbright Canada LLP
recovery outcomeentries: basis: unstated · quote: The Receiver is seeking an order authorizing it to issue a distribution in the amount of $5.7 million to the Applicants from cash on hand, which is net of a reserve in the amount of approximately $800,000 (the ' Reserve ') to be retained by the Receiver to fund, among other things, the remaining costs of these Proceedings, ongoing operating expenses and the costs of the Legal Owner's ultimate bankruptcy proceedings. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 5700000 · cumulative: false · amount high: 5700000 · class label: Applicants · creditor name: American General Life Insurance Company and National Union Fire Insurance Company of Pittsburgh, PA. · interim final: unstated · claims qualifier: unstated · stated on: 2023-02-23 · table missing: