Ontario · Receivership (court-appointed)
Third Report of the Receiver dated October 14, 2022
Court officer report · 14 October 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: As noted above, in any event, the net sale proceeds will not be sufficient to repay 261 in respect of the TCC Mortgage Loan, plus interest and costs, and 261 will incur a deficiency. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: 261 (TCC Mortgage Loan) · creditor name: 261 · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: There will be no amounts available for distribution to any other subordinate mortgagees or other creditors of the Debtor. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: other subordinate mortgagees or other creditors of the Debtor · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver notes that, given the deficiency to be incurred by 261, even if such amounts were not paid to 247 or 261, there would be no amounts available for distribution to any other creditor. · pct of: unstated · outcome: nil · stated by: receiver · class label: any other creditor · interim final: unstated · conditional on: given the deficiency to be incurred by 261, even if such amounts were not paid to 247 or 261 · claims qualifier: unstated · stated on: 2020-09-02 · table missing: