Ontario · Receivership (court-appointed)
Motion Record Returnable November 6, 2018 - 10/31/2018
Application / notice of application · 31 October 2018
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 filing1 verified
- recovery outcomeentries: basis: actual · quote: On July 26, 2018, after receiving a fully executed reimbursement agreement from Meridian, the Liquidator made a distribution in the amount of $17,494,361.72 to Meridian · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: liquidator · amount low: 17494361.72 · amount high: 17494361.72 · class label: Meridian Credit Union Limited · claims amount: 17603247.93 · creditor name: Meridian Credit Union Limited · interim final: unstated · claims qualifier: unstated; basis: actual · quote: on October 26, 2018, the Liquidator made a distribution in the amount of $6,094,522.85 which repaid in full the indebtedness owed by Tarn Financial to Kingsett, which was secured by second ranking security. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: liquidator · amount low: 6094522.85 · amount high: 6094522.85 · class label: KingSett Mortgage Corporation · claims amount: 6079972.07 · creditor name: KingSett Mortgage Corporation · interim final: unstated · claims qualifier: unstated · stated on: 2018-10-31 · table missing: