Ontario · Receivership (court-appointed)
Court Order – September 12, 2005
Receivership order · 12 September 2005
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What we verified from this filing13 verified
- applicantDaimlerChrysler Corporation
- appointeeZeifman Partners Inc.
- appointee roleinterim receiver and receiver and manager
- commencement date12 September 2005
- courtONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file no05-CL-6044
- proceeding typereceivership_court
- provinceONTARIO
- statutory basissection 47(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c.C-43, as amended
- statutory basissection 47(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- secured creditorsnote: Balance not stated in these pages; provides substantially all working capital financing under Credit Agreement dated January 27, 2005 subject to a borrowing base · page: 17 · debtor: VSA, LLC · creditor: The Huntington National Bank (HNB) · currency: CAD · security: Security interests, charges, mortgages, liens and encumbrances on all property, assets and undertaking of the Debtor (priority ranking ahead of Sub-Debt Holders and Receiver's Borrowings Charge)
- secured creditorsnote: Amount advanced not stated in these pages; related party/insider lenders · page: 17 · debtor: VSA, LLC · creditor: Sub-Debt Holders (Viking Management, LLC, Triune Holdings, LLC, Patrick James, Jay Schabel and Michael Klinginsmith) · currency: CAD · security: Sub-Debt Security - security on assets of Supplier, subordinate to Lender (HNB)
- presiding officerJustice Farley