Ontario · Receivership (court-appointed)
Motion Record of the Receiver, returnable June 5, 2025
Application / notice of application · 5 June 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: all secured creditors of the Atlas RH Debtors have been paid in full; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: secured creditors of the Atlas RH Debtors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As indicated above, pursuant to the First Distribution Order, Meridian has now been repaid in full and the Receiver has distributed approximately $3.912 million to the priority lien claimants. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Meridian · creditor name: Meridian Credit Union Limited · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Romspen was eventually paid out in full from the sale of lands owned by the Respondent Atlas Shouldice Healthcare Ltd., leaving Meridian as the only remaining mortgage lender holding a first charge over the RH Real Property and the largest secured creditor of the Atlas RH Debtors owed approximately $49.7 million. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Romspen · creditor name: Romspen Investment Corporation · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: 7. $2,461.14 to Kone; · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: receiver · amount low: 2461.14 · amount high: 2461.14 · class label: Kone · creditor name: Kone Inc. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: 8. $1,088.89 to Weston; · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: receiver · amount low: 1088.89 · amount high: 1088.89 · class label: Weston · creditor name: Weston Consulting Group Inc. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: 9. $9,046.09 to Capital Drywall; and · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: receiver · amount low: 9046.09 · amount high: 9046.09 · class label: Capital Drywall · creditor name: Capital Drywall Systems Ltd. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: 10. $3.9 million to Chubb; and · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: receiver · amount low: 3900000 · amount high: 3900000 · class label: Chubb · creditor name: Chubb Insurance Company of Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: a) $9,165.79 to Kone; · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: receiver · class label: non-priority lien claimants (Kone, Weston, Capital Drywall) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: d) $985,831.55 to Chubb. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: receiver · amount low: 985831.55 · amount high: 985831.55 · class label: Chubb (non-priority lien, remaining sale proceeds) · creditor name: Chubb Insurance Company of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2025-05-30 · table missing: