Ontario · Receivership (court-appointed)
Necho Systems Corp. - Interim Receivership - 5th Report of Interim Receiver.pdf
Court officer report · undated
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Junior Secureds will suffer a shortfall on their security. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Junior Secureds · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: There will be no distribution for unsecured creditors in this receivership. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As set out therein, the Junior Secureds could suffer a shortfall on their security of between approximately $841,000 and $912,000 plus any accrued interest. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount low: 841000 · amount high: 912000 · class label: Junior Secureds · interim final: unstated · conditional on: plus any accrued interest · claims qualifier: unstated; basis: actual · quote: On August 27, 2006, this Honourable Court authorized a final distribution ("Final Distribution") to Holdings in full satisfaction of Necho's primary secured indebtednes to Holdings. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 2854272.74 · amount high: 2854272.74 · class label: Cybershift Holdings Inc. · creditor name: Cybershift Holdings Inc. · interim final: final · claims qualifier: unstated · stated on: 2007-08-14 · table missing: