Saskatchewan · Receivership (court-appointed)
Receiver's Fourth Report to Court
Court officer report · 11 December 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: In the event that the Court authorizes the Receiver to complete the sales of the Lighthouse Towers, the Receiver proposes to distribute up to $1.9 million to Affinity as an interim distribution on account of Affinity's primary secured interest totalling approximately $2.17 million plus accrued interest and costs, as well as any further Receiver's Borrowings advanced to the Receiver. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · cumulative: false · amount high: 1900000 · class label: Affinity (primary secured interest - Lighthouse Towers) · claims amount: 2170000 · creditor name: Affinity · interim final: interim · conditional on: In the event that the Court authorizes the Receiver to complete the sales of the Lighthouse Towers · claims qualifier: estimated; basis: estimated · quote: In the event that the Court authorizes the Receiver to complete the sale of 2540 Melrose Avenue, Saskatoon, the Receiver proposes to distribute the net sale proceeds available to Affinity up to the total balance of the secured interest estimated to be $139,693.91; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount high: 139693.91 · class label: Affinity (2540 Melrose Avenue secured interest) · creditor name: Affinity · interim final: unstated · conditional on: In the event that the Court authorizes the Receiver to complete the sale of 2540 Melrose Avenue, Saskatoon · claims qualifier: estimated; basis: estimated · quote: In the event that the Court authorizes the Receiver to complete the sale of 119 Avenue 0, Saskatoon, the Receiver proposes to distribute the net sale proceeds to Affinity up to the total balance of the secured interest estimated to be $69,171.50; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount high: 69171.5 · class label: Affinity (119 Avenue O, Saskatoon secured interest) · creditor name: Affinity · interim final: unstated · conditional on: In the event that the Court authorizes the Receiver to complete the sale of 119 Avenue 0, Saskatoon · claims qualifier: estimated; basis: estimated · quote: In the event that the Court authorizes the Receiver to complete the sales of 2942/2944 Cumberland Avenue, Saskatoon the Receiver proposes to distribute the net sale proceeds to Affinity up to the total balance of the secured interest estimated to be $228,965.50. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount high: 228965.5 · class label: Affinity (2942/2944 Cumberland Avenue, Saskatoon secured interest) · creditor name: Affinity · interim final: unstated · conditional on: In the event that the Court authorizes the Receiver to complete the sales of 2942/2944 Cumberland Avenue, Saskatoon · claims qualifier: estimated · stated on: 2023-12-11 · table missing: