Ontario · Winding-up (WURA)
Twelfth Report of the Liquidator dated September 19, 2017
Court officer report · 19 September 2017
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Accordingly, Creditors with existing Proven Claims will receive 100% of their Claim amounts, plus statutory interest to the date of any distributions to those Creditors. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: Creditors with existing Proven Claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On or about December 19, 2016, and in accordance with the order of the Court dated November 25, 2016 which authorized the Interim Distribution, the Liquidator distributed $716.0 million, inclusive of statutory interest, to 29 creditors with Proven Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: liquidator · amount low: 716000000 · cumulative: false · amount high: 716000000 · class label: GDPF and other creditors with Proven Claims (Interim Distribution) · interim final: interim · claims qualifier: unstated; basis: actual · quote: Distribution to the GIA of approximately $658.0 million was made on March 14, 2017, in accordance with the Second Distribution Order. · pct of: unstated · outcome: distribution · stated by: liquidator · amount low: 658000000 · amount high: 658000000 · class label: GIA (German Estate) · creditor name: GIA · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As noted above, 29 Claims, including those of the GDPF, with a total value of approximately $686.8 million were paid on or about December 19, 2016. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: liquidator · class label: 29 Claims including GDPF · claims amount: 686800000 · interim final: unstated · claims qualifier: proven · stated on: 2017-09-19 · table missing: The table below summarizes i) the net assets available for distribution, ii) the Estimated Reserve and iii) shows the Estimated Surplus available for the Second Interim Distribution of $91.4 million as at August 31, 2017.