Ontario · Winding-up (provincial)
Fourth Report of the Liquidator dated September 6, 2023
Court officer report · 6 September 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 filing4 verified
- closing confirmedscope: the Purchase and Assumption Transaction · outcome: completed · effective: 2022-06-30 · purchaser: Alterna Savings and Credit Union Limited · date basis: stated; scope: the CCE Transaction · outcome: completed · effective: 2022-03-31 · purchaser: DUCA Credit Union · date basis: stated
- purchaserAlterna Savings and Credit Union Limited; DUCA Credit Union
- sale outcometext: Both the Purchase and Assumption Transaction and the CCE Transaction closed prior to the Liquidator's appointment · scope: whole_business · status: closed
- unsecured creditorsnote: unsecured, non-interest-bearing promissory note (Application Record, affidavit para. 35) · page: 15 · amount: 25000000 · debtor: PACE Savings & Credit Union Limited · creditor: Financial Services Regulatory Authority of Ontario (FSRA), as administrator of the Deposit Insurance Reserve Fund · currency: CAD