Ontario · Receivership (court-appointed)
First Report of the Interim Receiver dated March 8, 2021
Court officer report · 8 March 2021
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 filing2 verified
- secured creditorsnote: Interim Receiver authorized mortgage payments to continue from its trust account; no outstanding balance disclosed · page: 4 · debtor: Upwood Park/Salvador Del Mundo Cooperative Homes Inc. · creditor: Peoples Trust · currency: CAD · security: Mortgage on the Properties (298/300 Queens Drive) - referred to as 'the mortgage company'; no balance or facility amount stated in the document
- unsecured creditorsnote: Subsidy overpayment repayment obligation to the social housing Service Manager; regulatory/funding-related quasi-debt · page: 5 · as of: year ended August 31, 2018 · basis: Interim Receiver's Cash Flow identifies a required repayment obligation to the City for subsidy overpayment · amount: 159422 · debtor: Upwood Park/Salvador Del Mundo Cooperative Homes Inc. · creditor: City of Toronto (Service Manager) · currency: CAD