Ontario · Receivership (court-appointed)
Fourth Report of the Receiver (May 26, 2022)
Court officer report · 26 May 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As a result, Corner Flag was repaid in full at the time of the Third Report (January 21, 2020) and as such no longer has any secured or other claim to the assets of EHGNA. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Corner Flag · creditor name: Corner Flag · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As described above, Corner Flag and MBFS have been repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: MBFS · creditor name: MBFS · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As further described below, the net amount of cash on hand will not be sufficient to repay the balance outstanding under the EHGNA TD Security. Therefore, no distribution will be made in respect of the EHG SE · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: EHG SE Payroll Advance · claims amount: 1800000 · creditor name: EHG SE · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As further described below, the final distribution will be insufficient to fully repay the amounts outstanding under the EHGNA TD Security and the EHG SE Payroll Advance. Therefore, no distribution will be made in respect of these claims. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Other Claims · claims amount: 48800000 · interim final: unstated · claims qualifier: asserted; basis: unstated · quote: As such, the Receiver does not anticipate receipt of any distributions related to the insolvency proceedings of JRV. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: JRV Intercompany Claim · creditor name: JRV · interim final: unstated · related party: true · claims qualifier: unstated; basis: estimated · quote: In its Preliminary Report of the Trustee on its Administration, tabled and discussed at the first meeting of creditors, the Trustee advised that, given the quantum of remaining secured claims as of the date of bankruptcy, it was expected that there would be no unencumbered assets available to the Trustee for realization and distribution to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors (bankruptcy of EHGNA) · interim final: unstated · claims qualifier: unstated · stated on: 2022-05-26 · table missing: