Ontario · Receivership (court-appointed)

Factum of the Receiver (Motion for Distribution and Fee Approval, returnable December 8, 2020)

Application / notice of application · 19 May 2023

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 filing2 verified

counselhow: operator-correction · firm: Torys LLP · for role: receiver · for text: FTI · firm party id: 18066253-ce6f-4f06-8f6d-d59e3c51da4a
recovery outcomeentries: basis: estimated · quote: Based on current estimates of potential distributions it is currently anticipated that the Syndicate will have a shortfall in excess of US$100 million. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: receiver · class label: Syndicate · creditor name: Truist Bank, as Agent, on behalf of the Syndicate (Truist Bank, Bank of Montreal, Toronto-Dominion Bank) · interim final: unstated · currency quote: US$100 million · claims qualifier: unstated · shortfall amount: 100000000 · stated on: 2020-12-04 · table missing: