Ontario · Receivership (court-appointed)
Receivers First Report
Court officer report · 4 January 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing13 verified
- applicantHSBC BANK CANADA
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-16-11531-00CL
- provinceONTARIO
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act
- appointeeBDO Canada Limited
- appointee rolereceiver and manager
- commencement date14 November 2016
- operational summaryThe receivership is winding down; the Receiver has completed realization of substantially all of the Debtor's assets and is finalizing tax filings and a final distribution to HSBC before seeking discharge.
- professional feesnote: Includes HST of $12,720.82; plus estimated $5,200.00 plus HST to complete administration. Baker & McKenzie LLP (counsel) fees separately approved: $7,970.50 plus disbursements of $63.37 plus HST of $1,041.29, total $9,075.16, plus estimated $2,500.00 plus HST. · party: BDO Canada Limited (Receiver) · amount: 110573.27 · period: November 7, 2016 to December 31, 2018 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The secured portion of the WEPPA claims, which rank ahead of HSBC's Security, totals $1,900.69. The Receiver has paid this priority claim. · pct of: unstated · outcome: paid_in_full · class key: weppa · stated by: receiver · class label: WEPPA claims · claims amount: 1900.69 · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Receiver seeks approval to distribute all remaining estate funds to HSBC (the ' Final Distribution ') as partial satisfaction of the amounts owed to the bank. · pct of: unstated · outcome: shortfall · currency: CAD · class key: secured · stated by: receiver · class label: HSBC · creditor name: HSBC Bank Canada · interim final: final · currency quote: $327,952.68 CAD · claims qualifier: unstated · stated on: 2019-01-04 · table missing:
- report date4 January 2019
- report noFirst Report