Ontario · Receivership (court-appointed)
Supplementary Motion Record of the Receiver dated December 16, 2025
Application / notice of application · 16 December 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: It became clear that there would be no funds available for the Second Mortgagee when no interested parties were willing to purchase the property for an amount sufficient to provide surplus funds over the indebtedness to WFCU. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Second Mortgagee · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver made its own determination of the appropriate sale process, in order to maximize realization and minimize costs, in circumstances where there was a serious possibility of WFCU suffering a shortfall; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: WFCU · creditor name: WFCU · interim final: unstated · claims qualifier: unstated · stated on: 2025-12-16 · table missing: