Ontario · Winding-up (WURA)
Eleventh Report of the Liquidator dated March 10, 2017
Court officer report · 10 March 2017
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Accordingly, Creditors with existing proven Claims will receive 100% of their Claim amounts, plus interest to the date of any distributions to those Creditors. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: Creditors with existing proven Claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Liquidator is of the view that the German Estate Interim Distribution of the Estimated Surplus of approximately $660.6 million to the German Estate is appropriate under the circumstances and should be made for the following reasons: · pct of: unstated · outcome: distribution · currency: CAD · stated by: liquidator · amount low: 660600000 · cumulative: false · amount high: 660600000 · class label: German Estate · creditor name: German Estate (GIA) · interim final: interim · conditional on: If the German Estate Interim Distribution is approved by the Court · currency quote: Amounts in CAD millions · claims qualifier: unstated; basis: actual · quote: On or about December 19, 2016 and in accordance with the order of the Court dated November 25, 2016 authorizing the Interim Distribution, the Liquidator distributed $716.0 million, inclusive of statutory interest, to 29 creditors with proven claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: liquidator · amount low: 716000000 · cumulative: false · amount high: 716000000 · class label: 29 creditors with proven claims · interim final: interim · claims qualifier: unstated; basis: actual · quote: The majority of this distribution was made to the GDPF in the amount of $715.2 million on account of the 23 Proofs of Claim filed in respect of deposits made by German depositors. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: liquidator · amount low: 715200000 · cumulative: false · amount high: 715200000 · class label: GDPF · creditor name: GDPF · interim final: unstated · claims qualifier: unstated · stated on: 2017-03-02 · table missing: