Ontario · Receivership (court-appointed)
Second Report of the Receiver – dated February 7, 2018
Court officer report · 7 February 2018
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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: Based on the net proceeds to date in these receivership proceedings, a significant shortfall (in the amount of approximately $2.0 million, net of costs of administration) is anticipated to the Secured Creditor. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured Creditor (Strellson) · creditor name: Strellson · interim final: unstated · claims qualifier: unstated · shortfall amount: 2000000; basis: unstated · quote: As at the date of this Second Report, the Receiver seeks this Court's authority to make the Proposed I nterim Distribution in the amount of $1,500,000. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 1500000 · amount high: 1500000 · class label: Secured Creditor (Strellson) · creditor name: Strellson · interim final: interim · currency quote: (in CAD) · claims qualifier: unstated · stated on: 2018-02-07 · table missing: