Ontario · Winding-up (WURA)
Sixth Report of the Liquidator
Court officer report · 14 September 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: An interim distribution of $450.2 million was made to the FDIC on February 26, 2024 as permitted by paragraph 37 of the Claims Procedure Order. · pct of: unstated · outcome: distribution · currency: USD · class key: secured · stated by: liquidator · amount low: 450200000 · cumulative: false · amount high: 450200000 · class label: FDIC · creditor name: FDIC · interim final: interim · related party: false · currency quote: USD $ million · claims qualifier: unstated; basis: unstated · quote: There are sufficient funds in the Liquidator's hands to pay the Proven Trade Claims in full, after which there will remain sufficient funds in reserve to satisfy the amounts payable in respect of the remaining Claims against SVB which remain unresolved, as well as the anticipated remaining costs of the WURA Proceedings. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: liquidator · class label: Proven Trade Claimants · claims amount: 1800000 · interim final: unstated · claims qualifier: proven · stated on: 2024-09-14 · table missing: