Ontario · Receivership (court-appointed)
First Report of the Receiver dated December 14, 2020
Court officer report · 14 December 2020
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 filing5 verified
- secured creditorsnote: Secured portion of total indebtedness of $10,418,045.48 as at November 4, 2020; unsecured portion of $5,201,429.09 reported separately; interest and costs continuing to accrue · page: 5 · as of: 2020-11-04 · amount: 5216616.39 · debtor: Juch-Tech Inc. · creditor: New Skies Satellites B.V. · currency: USD · security: General Security Agreement dated July 2, 2015 - continuing security interest in all Goods, Chattel Paper, Documents of Title, Instruments, Intangibles, Securities and other personal property
- secured creditorsnote: Related party (common director W. Juchniewicz, same registered address as Juch-Tech); amount owing unknown - did not respond to PPSA s.18 information request or subsequent requests; validity of security not verified · page: 5 · debtor: Juch-Tech Inc. · creditor: The Hamilton Teleport Ltd. · currency: CAD · security: Security Agreement dated May 13, 2011; PPSA registration
- secured creditorsnote: Related party (owner of registered office address for Company and Related Parties); this is a registered charge amount, not a confirmed outstanding balance · page: 6 · amount: 500000 · debtor: Hamilton Teleport Ltd. · creditor: Linda Juchniewicz · currency: CAD · security: Charge registered against the 10th Road Property
- unsecured creditorsnote: Unsecured portion of total Juch-Tech Indebtedness of $10,418,045.48; interest and costs continuing to accrue · page: 65 · as of: 2020-11-04 · basis: Stated in affidavit of Brian Hassinger sworn December 8, 2020, as unsecured portion of total indebtedness · amount: 5201429.09 · debtor: Juch-Tech Inc. · creditor: New Skies Satellites B.V. · currency: USD
- secured creditorsnote: Amount stated in TD's response to s.18 PPSA information request dated October 23, 2020; debt fluctuates between $95,000-$99,000 monthly; approximated elsewhere in filings as 'approximately C$100,000' · page: 78 · as of: 2020-10-23 · amount: 99037.65 · debtor: Juch-Tech Inc. · creditor: TD Canada Trust (formerly Canada Trustco Mortgage Company) · currency: CAD · security: Business line of credit; PPSA registration