Ontario · Receivership (court-appointed)
Trustees Report to Creditors on Preliminary Administration - updated.pdf
Court officer report · 23 January 2017
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Since the secured claims against the estate exceed the immediate realizable value of the remaining assets, there will be a significant shortfall on the repayment of the secured claims against the estate with the result that there will be no funds available for distribution to the unsecured creditors of the estate. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As noted above, the Trustee advises that after the claims of the secured creditors there will be no assets available for distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 9424000 · interim final: unstated · claims qualifier: listed · stated on: 2017-08-10 · table missing: