Ontario · Receivership (court-appointed)
First Report of the Receiver dated May 12, 2021
Court officer report · 12 May 2021
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: The Receiver is of the view that the Secured Lenders will suffer a material shortfall on their advances to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured Lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: no creditors are being prejudiced by the Transaction as all parties with registrations on title to the Elite Property, other than the Secured Lenders, are being paid in full on closing 2 ; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: all parties with registrations on title to the Elite Property, other than the Secured Lenders · interim final: unstated · claims qualifier: unstated · stated on: 2021-05-12 · table missing: