Ontario · Receivership (court-appointed)
Fourth Report of the Receiver (May 31, 2022)
Court officer report · 31 May 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As further described in the Third Report, on February 14, 2022, the Receiver made Interim Distributions to the Applicants: (i) in the amount of $152,212 to fully repay amounts owing under the Receiver's Borrowings, including interest; and (ii) in the amount of $8,747,884 to fully repay amounts owing under the First Mortgage, including interest, fees and legal costs. · pct of: unstated · outcome: paid_in_full · currency: CAD · class key: court_charges · stated by: receiver · amount low: 152212 · amount high: 152212 · class label: Receiver's Borrowings · interim final: interim · currency quote: Unless otherwise stated, all monetary amounts contained in this Fourth Report are expressed in Canadian dollars. · claims qualifier: unstated; basis: actual · quote: As further described in the Third Report, on February 14, 2022, the Receiver made Interim Distributions to the Applicants: (i) in the amount of $152,212 to fully repay amounts owing under the Receiver's Borrowings, including interest; and (ii) in the amount of $8,747,884 to fully repay amounts owing under the First Mortgage, including interest, fees and legal costs. · pct of: unstated · outcome: paid_in_full · currency: CAD · class key: secured · stated by: receiver · amount low: 8747884 · amount high: 8747884 · class label: First Mortgage · creditor name: C&K Mortgage Service Inc. and 975393 Ontario Inc. · interim final: interim · currency quote: Unless otherwise stated, all monetary amounts contained in this Fourth Report are expressed in Canadian dollars. · claims qualifier: unstated; basis: actual · quote: As approved by the Second Interim Distribution Order, on March 1 and March 2, 2022, the Receiver distributed amounts owing under the Second Mortgage and the Third Mortgage, including legal fees and costs, of $1,896,953 and $925,018, respectively (the ' Second Distribution '). · pct of: unstated · outcome: paid_in_full · currency: CAD · class key: secured · stated by: receiver · amount low: 1896953 · amount high: 1896953 · class label: Second Mortgage · creditor name: Sagewise Capital Corporation · interim final: interim · currency quote: Unless otherwise stated, all monetary amounts contained in this Fourth Report are expressed in Canadian dollars. · claims qualifier: unstated; basis: actual · quote: As approved by the Second Interim Distribution Order, on March 1 and March 2, 2022, the Receiver distributed amounts owing under the Second Mortgage and the Third Mortgage, including legal fees and costs, of $1,896,953 and $925,018, respectively (the ' Second Distribution '). · pct of: unstated · outcome: paid_in_full · currency: CAD · class key: secured · stated by: receiver · amount low: 925018 · amount high: 925018 · class label: Third Mortgage · creditor name: Gina Batista & RNV Investments LLC · interim final: interim · currency quote: Unless otherwise stated, all monetary amounts contained in this Fourth Report are expressed in Canadian dollars. · claims qualifier: unstated; basis: actual · quote: Following the Second Distribution, all secured creditors of the Company have been repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: all secured creditors of the Company · interim final: unstated · claims qualifier: unstated · table missing: