Ontario · Receivership (court-appointed)
First Report of Receiver, August, 6, 2015
Court officer report · 6 August 2015
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What we verified from this filing8 verified · 1 withheld
- operational summaryThe Receiver has been managing and marketing the Property for sale since its appointment, collecting rent from the tenant, negotiating a lease termination, and has now entered into an APS with Verza for the sale of the Property, with closing expected shortly and proceeds to be distributed primarily to the first secured creditor, Dast.
- process resultsbids: 6 · note: six offers received during the marketing period · as of: 2015-08-06
- receipts cumulativenote: Approximate rent collected by the Receiver from the tenant of the Property · since: since the Receiver's appointment · amount: 153000 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: There will not be sufficient funds to pay Dast in full, or any amount to any of the creditors subordinate to Dast. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: creditors subordinate to Dast · interim final: unstated · claims qualifier: unstated · table missing:
- report date6 August 2015
- report noFirst Report
- sale advisorCB Richard Ellis Limited
- sale outcometext: Receiver recommends approval of the APS with Verza for the sale of the Property; closing not yet completed as of this report · scope: whole_business · status: pending_approval
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.