Ontario · Receivership (court-appointed)
480 Inc – Trustee’s Report on Preliminary Administration
Court officer report · 15 February 2024
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: actual · quote: As detailed above, the secured claims against 480 LP and 480 Inc. were paid in full in the Receivership Proceedings. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: secured claims against 480 LP and 480 Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: a partial distribution to unsecured creditors with proven claims of approximately 98.3% of the amount of their proven claims. · pct of: proven_claims · outcome: distribution · pct low: 98.3 · pct high: 98.3 · class key: unsecured · stated by: trustee · class label: unsecured creditors with proven claims (Receivership Proceedings) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As at the date of this report, it is anticipated that there will be no funds available for a distribution amongst the creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors (Bankruptcy Proceeding of 480 Inc.) · claims amount: 51448 · interim final: unstated · claims qualifier: listed · stated on: 2024-02-15 · table missing: