Ontario · Receivership (court-appointed)
Motion Record of the Receiver
Application / notice of application · 25 July 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: This represents a shortfall of approximately $7.0 to $8.1 million on TD's secured advances to the Debtors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD Bank · creditor name: The Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver is seeking the Court's approval to make a final distribution to BMO from the funds held by the Receiver with respect to BMO's security over the BMO Unit, outlined herein and in the Security Opinion (the ' BMO Distribution '). The agreed amount is $976,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 976000 · amount high: 976000 · class label: BMO · creditor name: Bank of Montreal · interim final: final · claims qualifier: unstated; basis: unstated · quote: authorizing the Interim TD Distribution in the sum of $7,500,000; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 7500000 · amount high: 7500000 · class label: TD Bank · creditor name: The Toronto-Dominion Bank · interim final: interim · claims qualifier: unstated · stated on: 2023-12-21 · table missing: