Ontario · Receivership (court-appointed)
Third Report of the Receiver dated May 30, 2025
Court officer report · 30 May 2025
What we verified from this filing5 verified
- closing confirmedscope: 25 Madison · outcome: completed · date basis: unstated
- purchaserSara Qadeer and Talha Azim Butt; Zeba Qadeer and Raja Abdul Qadeer; Umair Qadeer; price: sealed: false · scope: 23 Madison · status: not_completed · name note: purchaser of 23 Madison; unnamed in this report · structure: real_property · name source: operative · relationship: unstated · agreement date: 2023-10-23
- recovery outcomeentries: basis: unstated · quote: | Foremost shortfall, before Receiver's Borrowing Charge | (1,357) | · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Foremost · creditor name: Foremost · interim final: unstated · claims qualifier: unstated · shortfall amount: 1357000; basis: estimated · quote: As such, there will be no distributions from the Transactions to subordinate ranking mortgagees or other creditors. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: subordinate ranking mortgagees or other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-05-29 · table missing:
- sale advisorSlavens & Associates Real Estate; ReMAX Crossroads Realty Inc.
- sale outcometext: Recommendation to approve the Porte Transactions · scope: parcel · status: pending_approval