Ontario · Receivership (court-appointed)
First Report dated January 20, 2016
Court officer report · 20 January 2016
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 filing4 verified
- secured creditorsnote: Interim distribution of $10.0 million proposed with additional distributions up to amount of secured indebtedness (amount not stated); applicant/petitioning secured creditor · page: 10 · debtor: Edgemere Estate Limited Partnership / Edgemere Estate Limited · creditor: bcIMC Specialty Fund Corporation · currency: CAD · security: Loan and security documents; registered charge against title to Development Lands
- secured creditorsnote: Aviva has postponed its interest in favour of each of bcIMC and Nexus · page: 12 · debtor: Edgemere Estate Limited · creditor: Aviva Insurance Company of Canada · currency: CAD · security: Registered charge against title to Development Lands, provided as security to Tarion Warranty Corporation in respect of warranty claims
- secured creditorspage: 12 · as of: October 15, 2015 (statement of claim date) · amount: 355126 · debtor: Edgemere Estate Limited · creditor: Caliber Structures Limited · currency: CAD · security: Construction lien registered against title to the Development Lands
- secured creditorsnote: Nexus purchased and took assignment of Timbercreek's debt and security on December 22, 2015 to facilitate purchase of Cash Collateral · page: 15 · as of: December 22, 2015 · debtor: Edgemere Estate Limited · creditor: Nexus Development Corporation (as assignee of Timbercreek Mortgage Servicing Inc. debt and security) · currency: CAD · security: Registered charge against title to Development Lands (assigned from Timbercreek)