Ontario · Receivership (court-appointed)

Motion record returnable January 24, 2022 (Part 1)

Application / notice of application · 18 January 2022

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: unstated · quote: Due to the significant shortfall in recovery of the indebtedness owed to it that will remain after final distribution is made of the proceeds of Versitec's estate, LCX will be required to look to enforcement of the guarantees and collateral security for additional recovery. · pct of: unstated · outcome: shortfall · class key: secured · stated by: debtor · class label: LCX (secured creditor of Versitec) · creditor name: Liquid Capital Exchange Corp. · interim final: final · related party: false · claims qualifier: unstated · table missing: