Ontario · Receivership (court-appointed)
Final Report of Receiver – dated May 30, 2018
Court officer report · 30 May 2018
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: A distribution of USD$50,000,000 was made to the Lenders in respect of its secured claim against the Property, which distribution was effected by way of direction on Closing of the Asset/Share Transaction. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: receiver · amount low: 50000000 · amount high: 50000000 · class label: Lenders · creditor name: Lenders (BMO, HSBC, NBC) · interim final: unstated · currency quote: USD$50,000,000 · claims qualifier: unstated; basis: actual · quote: Accordingly, there will be no funds available to support a distribution to the Debtors' unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: