Ontario · Receivership (court-appointed)
Eighth Report of the Receiver
Court officer report · 8 December 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 filing4 verified
- closing confirmedscope: the Halo Project · outcome: completed · effective: 2020-10-09 · purchaser: 494 Yonge Street Inc. · date basis: stated · approval order date: 2020-09-15
- purchaser494 Yonge Street Inc.
- recovery outcomeentries: basis: actual · quote: Once this Deposit Cheque is cashed (or becomes a Cancelled Cheque), the Aviva Secured Claim will be satisfied in full · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Aviva Secured Claim · creditor name: Aviva · interim final: unstated · conditional on: final Deposit Cheque ($0.1 million) not yet cashed or cancelled · claims qualifier: unstated; basis: plan · quote: | Distribution rate on construction lien claims | 100.0% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: receiver · amount low: 213893 · amount high: 213893 · class label: Halo Construction Lien Proven Claims · claims amount: 213893 · interim final: unstated · conditional on: subject to Court approval of the Proposed Distribution · claims qualifier: proven; basis: plan · quote: | Distribution rate on unsecured claims | 97.0% | · pct of: unstated · outcome: distribution · pct low: 97 · pct high: 97 · class key: unsecured · stated by: receiver · amount low: 16513215 · amount high: 16513215 · class label: unsecured creditors with Proven Claims · claims amount: 17022306 · interim final: unstated · conditional on: subject to Court approval and any additional reserve · claims qualifier: proven · stated on: 2021-12-08 · table missing:
- sale outcometext: The Court approved the sale of the Halo Project to 494 Yonge Street Inc., an affiliate of the Applicants, on September 15, 2020, and the Transaction closed on October 9, 2020. · scope: whole_business · status: closed