Ontario · Receivership (court-appointed)
Motion Record re: 17th Report – Part 1, returnable January 20, 2016
Application / notice of application · 20 January 2016
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: the Court has previously approved a number of transactions which have resulted in approximately 15 different secured loans (some to the same secured lender) being repaid in full or assumed by a new party and another 14 different secured loans as well as CRA, receiving partial distributions. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: secured creditors (approximately 15 different secured loans) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: the Court has previously approved a number of transactions which have resulted in approximately 15 different secured loans (some to the same secured lender) being repaid in full or assumed by a new party and another 14 different secured loans as well as CRA, receiving partial distributions. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · class label: another 14 different secured loans as well as CRA · interim final: interim · claims qualifier: unstated; basis: actual · quote: Proceeds held in the Dondeb General Account (including proceeds transferred from Dondeb Segregated Accounts where the registered real property mortgagees have been paid in full (or are proposed to be paid in full under the Additional Distributions described below) in accordance with the Order of this Court dated March 24, 2014 in the approximate amount of $218,671 would first be applied to reduce GARE; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: registered real property mortgagees · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Proceeds held in Segregated Accounts where all secured creditors have been paid in full (being the Preston Springs Gardens account in the approximately amount of $244,907 and Pepper/Palmer account in the approximate amount of $109,294) would then be applied to reduce GARE; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: secured creditors in the Preston Springs Gardens and Pepper/Palmer Segregated Accounts · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver has consulted with a number of the affected secured creditors with respect to the Proposed GARE Allocation and specifically with a majority of the Remaining Secured Creditors who will suffer a shortfall in recoveries. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Remaining Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: OMWCO was paid in full from the proceeds of sale of the Sussex Place Property. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: OMWCO · creditor name: OMWCO · interim final: unstated · claims qualifier: unstated · table missing: