Ontario · Receivership (court-appointed)
Responding Motion Record – Woodington Estates Inc. dated June 16, 2025
Application / notice of application · 16 June 2025
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: In any event, even if that guarantee is found to be valid and/or enforceable, there is sufficient equity in the Highway 27 Property such that the indebtedness owing under the first mortgage on that property will be paid in full, and my Guarantee on it will likely not require to be enforced. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: first mortgage on the Highway 27 Property · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: In contrast, the significant equity cushion in the Highway 27 Property provides nearly absolute certainty that the Windsor Mortgage will be paid in full from the sale proceeds, rendering the collateral charge against the Golf Course Lands redundant security. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Windsor Mortgage · creditor name: Windsor · interim final: unstated · claims qualifier: unstated · table missing: