Ontario · CCAA
Fourth Report of the Liquidator dated September 6, 2023
Court officer report · 6 September 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- secured creditorsnote: Listed among 'Known Claims' in the liquidation; classification as secured/unsecured not explicitly stated in text, but arises from a promissory note connected to FSRA in its regulatory/administrator capacity - regulatory quasi-debt. · 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 · security: Promissory note issued by the Credit Union
- 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