Ontario · CCAA
Monitor's Seventh Report dated November 5, 2015 including Appendix 1 & 2
Court officer report · 5 November 2015
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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Sale Proceeds will provide a substantial recovery for LBC, however, no distribution will be available to the second mortgagee, Derek Sorrenti and Olympia Trust; · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: LBC · creditor name: Laurentian Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Sale Proceeds will provide a substantial recovery for LBC, however, no distribution will be available to the second mortgagee, Derek Sorrenti and Olympia Trust; · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: second mortgagee, Derek Sorrenti · creditor name: Derek Sorrenti · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Sale Proceeds will provide a substantial recovery for LBC, however, no distribution will be available to the second mortgagee, Derek Sorrenti and Olympia Trust; · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: Olympia Trust · creditor name: Olympia Trust · interim final: unstated · claims qualifier: unstated · stated on: 2015-11-05 · table missing: