Ontario · Receivership (court-appointed)
Pace - Trustees Report to Creditors on Preliminary Administration dated September 13, 2024
Court officer report · 13 September 2024
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What we verified from this filing7 verified
- closing confirmedscope: the Purchased Assets (as defined and set out in the APS) · outcome: completed · effective: 2024-08-23 · purchaser: Dunsire Homes Inc. · date basis: stated · approval order date: 2024-08-16
- operational summaryFollowing the sale of substantially all of the Debtors' property, the Debtors no longer carry on any business or hold assets of significant value, and the Trustee does not expect funds to be available for distribution to creditors in the bankruptcies.
- purchaserDunsire Homes Inc.
- recovery outcomeentries: basis: actual · quote: Pursuant to the Distribution Order, KingSett's mortgages were repaid in full from the Purchase Proceeds. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: KingSett · creditor name: KingSett Mortgage Corporation · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As a result, the Trustee does not expect there will be funds available for distribution to Debtors' creditors in these bankruptcies. · pct of: unstated · outcome: nil · stated by: trustee · class label: Debtors' creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-09-13 · table missing:
- report date13 September 2024
- sale outcometext: The Transaction closed on August 23, 2024. · scope: whole_business · status: closed
- stalking horseDunsire Homes Inc.