Ontario · Receivership (court-appointed)
Interim Distribution Order #2 dated April 12, 2022
Distribution order · 12 April 2022
Also filed as: Interim Distribution Order #2 dated April 12, 2022; Interim Distribution Order #2 dated April 12, 2022
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 filing3 verified · 1 withheld
- counselDentons Canada LLP
- presiding officerJustice Penny
- recovery outcomeentries: basis: unstated · quote: $83,297.78 1 of the net proceeds of the real property municipally known as 211 Woodland Acres Crescent, Vaughan, Ontario (the ' Woodland Property ') as payment in full of the costs awarded in favour of BCU pursuant to the Order of the Honourable Justice Conway, dated August 20, 2020; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: court · amount low: 83297.78 · cumulative: false · amount high: 83297.78 · class label: BCU · creditor name: Buduchnist Credit Union Limited · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $952,988.11 2 of the remaining net proceeds of the Woodland Property, being one half of the remaining net proceeds from the Woodland Property available for distribution as of March 22, 2022 after first deducting the amount in paragraph 1(a) above, which amount is attributable to Sandra Demaria's half interest in the Woodland Property as joint owner, being a portion of the total amount owing under paragraph 2 of the Judgment, dated August 28, 2020, against Sandra Demaria in respect of the second mortgage registered by BCU against the Woodland Property on December 5, 2012; and · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 952988.11 · cumulative: false · amount high: 952988.11 · class label: BCU · creditor name: Buduchnist Credit Union Limited · interim final: interim · claims qualifier: unstated; basis: actual · quote: $63,243 3 being one half of the remaining net proceeds from the real property municipally known as 6216 Fifth Line, Egbert, Ontario (the ' Cottage Property ') available for distribution as of March 22, 2022, which amount is attributable to Sandra Demaria's half interest as joint owner and which was assigned to BCU by Sandra Demaria pursuant to the Irrevocable Quit Claim, Release and Direction, dated November 27, 2019, to be credited to Sandra Demaria's remaining liabilities to BCU in respect of the mortgages registered by BCU against the Cottage Property and the Woodland Property. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 63243 · cumulative: false · amount high: 63243 · class label: BCU · creditor name: Buduchnist Credit Union Limited · interim final: unstated · claims qualifier: unstated · stated on: 2022-04-12 · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.