Ontario · CCAA
Trustee Reply Evidence
Court officer report · 20 March 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: PAOC would receive the first distribution in the amount of approximately $7.1 million, the existing mortgage amount, and these funds would not be available to the unsecured creditors who were defeated by the original transfer. · pct of: unstated · outcome: distribution · class key: secured · stated by: trustee · amount low: 7100000 · amount high: 7100000 · class label: PAOC (mortgagee) · creditor name: PAOC · interim final: unstated · conditional on: in the event that the Trustee is successful in proving that donating the Southern Land to GKMC was a TUV and the Southern Land is returned to the estate or sold on behalf of the estate · claims qualifier: unstated; basis: estimated · quote: PAOC would receive the first distribution in the amount of approximately $7.1 million, the existing mortgage amount, and these funds would not be available to the unsecured creditors who were defeated by the original transfer. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: in the event that the Trustee is successful in proving that donating the Southern Land to GKMC was a TUV and the Southern Land is returned to the estate or sold on behalf of the estate · claims qualifier: unstated · table missing: