Ontario · Receivership (court-appointed)
Fifth Report of the Receiver dated February 6, 2017
Court officer report · 6 February 2017
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: As the distributable proceeds are insufficient to fully repay the Secured Lenders, they will be suffering a shortfall on their secured claim. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured Lenders · creditor name: 2403177 Ontario Inc. (Secured Lenders) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Given the Receiver is satisfied that no other material priority claims exist, the Receiver proposes and requests approval of an initial distribution of $850,000 (the "Initial Distribution") to the Applicant, which is net of the Holdback Amount. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 850000 · amount high: 850000 · class label: the Applicant · creditor name: 2403177 Ontario Inc. · interim final: unstated · currency quote: Cdn $ · claims qualifier: unstated · stated on: 2017-02-06 · table missing: