Ontario · Receivership (court-appointed)
Seventh Report of Receiver (without appendices), dated May 29, 2013
Court officer report · 29 May 2013
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What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · 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 (Prepayment Amount, Sussex Place) · creditor name: Empire Life · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As a result, 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 being the amount of the Empire Life Interest Differential Amount held in respect of the Sussex Place property less a reserve of a poo su o ts aod s so ums o n First Source in respect of their collateral charge over the Sussex Place property. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 250000 · amount high: 250000 · class label: First Source (Sussex Place) · creditor name: First Source · interim final: interim · 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 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 (Sussex Place) · creditor name: OWMC · interim final: unstated · 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 (Sussex Place/Dorset Place) · creditor name: Virgin Venture Capital Corporation, Quincy Investments Limited and 1538456 Ontario Limited · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As a result, 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 (Dorset Place) · creditor name: First Source · interim final: unstated · conditional on: should the Court determine that Empire Life is not entitled to the Empire Life Interest Differential Amount · claims qualifier: unstated · table missing: