Ontario · Receivership (court-appointed)
Motion Record of the Respondent dated September 26, 2022
Application / notice of application · 26 September 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: 25. All of the offers submitted to the Receiver including the offer the Receiver wishes to accept, will result in a shortfall to MarshallZehr, as the first priority secured creditor. · pct of: unstated · outcome: shortfall · class key: secured · stated by: debtor · class label: MarshallZehr · creditor name: MarshallZehr Group Inc. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Therefore, the offer, if approved, will result in no distribution available to repay the secondplace mortgage registered in favour of Aviva Insurance Company of Canada in connection with the Tarion Bond and the deposit insurance facility obtained in connection with the Project. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: second-place mortgage registered in favour of Aviva Insurance Company of Canada · creditor name: Aviva Insurance Company of Canada · interim final: unstated · claims qualifier: unstated · table missing: