Ontario · Receivership (court-appointed)
Seventh Report of Receiver (without appendices), dated May 29, 2013
Court officer report · 29 May 2013
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 Receiver does not take issue with the Empire Life Prepayment Amount and proposed that such amount be distributed to Empire Life in full and final satisfaction of all amounts owing pursuant the charge held by Empire Life over the Sussex Place Property. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 34868.19 · amount high: 34868.19 · class label: Empire Life (Empire Life Prepayment Amount, Sussex Place) · creditor name: Empire Life · interim final: unstated · table missing: · claims qualifier: unstated; basis: actual · quote: Previous distributions made pursuant to the Third Interim Distribution Order have fully satisfied the amounts owing to OWMC as secured by a charge against the Sussex Place Property. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: OWMC (Ontario Wealth Management Corporation), Sussex Place charge · creditor name: Ontario Wealth Management Corporation · interim final: interim · table missing: · claims qualifier: unstated; basis: unstated · quote: the Receiver requests that should the Court determine that Empire Life is not entitled to the Empire Life Interest Differential Amount that the Receiver be authorized to make an interim distribution to First Source in the amount of $250,000 · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 250000 · amount high: 250000 · class label: First Source (collateral charge over Sussex Place) · creditor name: First Source · interim final: interim · table missing: · conditional on: should the Court determine that Empire Life is not entitled to the Empire Life Interest Differential Amount · claims qualifier: unstated; basis: actual · quote: Previous distributions made pursuant to the First Interim Distribution Order have fully satisfied the amounts owing to Virgin as secured by a charge against the Sussex Place Property. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Virgin (Virgin Venture Capital Corporation et al.), charge · creditor name: Virgin · interim final: interim · table missing: · claims qualifier: unstated; basis: unstated · quote: the Receiver requests that should the Court determine that Empire Life is not entitled to the Empire Life Interest Differential Amount that the Receiver be authorized to make an interim distribution to First Source in the amount of $194,677.17. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 194677.17 · amount high: 194677.17 · class label: First Source (charge over Dorset Place) · creditor name: First Source · interim final: interim · table missing: · conditional on: should the Court determine that Empire Life is not entitled to the Empire Life Interest Differential Amount · claims qualifier: unstated · stated on: 2013-05-29 · table missing: