Ontario · Winding-up (WURA)
Liquidator's Report - 2015.07.15
Court officer report · 15 July 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: actual · quote: This Court has approved 6 distributions to policyholders, resulting in a total recovery of 100% of the value of their allowed Policy Loss Claims and, where applicable, a distribution of post-liquidation interest of 5%. · pct of: allowed_claims · outcome: distribution · pct low: 100 · pct high: 100 · stated by: monitor · cumulative: true · class label: Policy Loss Claims · interim final: unstated · cents on dollar: 100 · claims qualifier: unstated; basis: actual · quote: A distribution of 100% on allowed ordinary creditor claims was also made, pursuant to this Court's Order made December 17, 2008. · pct of: allowed_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: allowed ordinary creditor claims · interim final: unstated · conditional on: up to a cumulative total of $100,000 · cents on dollar: 100 · claims qualifier: unstated; basis: actual · quote: As at September 30, 2014, the U.S. Liquidator has only paid total cumulative interim distributions of 40% on allowed claims. · pct of: allowed_claims · outcome: distribution · pct low: 40 · pct high: 40 · stated by: monitor · cumulative: true · class label: U.S. Liquidator, on behalf of the U.S. estate of Reliance Insurance Company (allowed claims) · interim final: interim · claims qualifier: unstated · table missing: