Ontario · Receivership (court-appointed)
Motion Record Returnable (Volume 1 of 2)
Application / notice of application · 27 April 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: a) To the City of Hamilton in the amount of $27,954.66 or such other amount accrued at the closing of the Transaction for outstanding reality tax arrears; · pct of: unstated · outcome: distribution · stated by: receiver · amount low: 27954.66 · amount high: 27954.66 · class label: City of Hamilton (property tax arrears) · creditor name: City of Hamilton · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: b) To TD for repayment of the Receiver in the amount of $65,000 plus interest thereon in accordance with the Receiver Certificate; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 65000 · amount high: 65000 · class label: TD (repayment of Receiver's borrowings) · creditor name: The Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: c) To CRA for payment of the 361 HST Trust Claim in the amount of $21,840 provided the Funds are declared Property by this Honourable Court; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 21840 · amount high: 21840 · class label: CRA 361 HST Trust Claim · claims amount: 21840 · creditor name: Canada Revenue Agency · interim final: unstated · conditional on: provided the Funds are declared Property by this Honourable Court · claims qualifier: unstated; basis: unstated · quote: Given there are no realizations for the estate of 363, there are no funds available for payment of the 363 HST Claim. · pct of: unstated · outcome: nil · class key: deemed_trust · stated by: receiver · class label: CRA 363 HST Claim · claims amount: 355760.63 · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is anticipated that TD will suffer a shortfall, and accordingly there will be no funds available for distribution for subsequent mortgage holders and any other stakeholders. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD (balance of secured indebtedness) · creditor name: The Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is anticipated that TD will suffer a shortfall, and accordingly there will be no funds available for distribution for subsequent mortgage holders and any other stakeholders. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: subsequent mortgage holders and any other stakeholders · interim final: unstated · claims qualifier: unstated · stated on: 2023-04-12 · table missing: