Ontario · Receivership (court-appointed)
Sixteenth Report of the Receiver (without appendices), dated April 14, 2015
Court officer report · 14 April 2015
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As outlined in more detail below, the Court has previously approved a number of transactions which have resulted in approximately 15 different secured loans (some to the same secured lender) being repaid in full or assumed by a new party and another 14 different secured loans as well as CRA, receiving partial distributions. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: secured lenders (approximately 15 different secured loans) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As outlined in more detail below, the Court has previously approved a number of transactions which have resulted in approximately 15 different secured loans (some to the same secured lender) being repaid in full or assumed by a new party and another 14 different secured loans as well as CRA, receiving partial distributions. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · class label: another 14 different secured loans as well as CRA · interim final: unstated · claims qualifier: unstated; basis: actual · quote: authorizing the Receiver to make a distribution to Sun Life Assurance Company of Canada in full and final satisfaction of all amounts owing to Sun Life by Dondeb · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Sun Life Assurance Company of Canada · creditor name: Sun Life Assurance Company of Canada · interim final: unstated · claims qualifier: unstated; basis: actual · quote: authorizing the Receiver to make a distribution to The Bank of Nova Scotia, Trustee (' BNS ') in full and final satisfaction of all amounts secured in respect by a charge/mortgage granted by 2339506 Ontario Inc. in favour of BNS as against the Tim Hortons/Wendy's Property. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: The Bank of Nova Scotia, Trustee (BNS) · creditor name: The Bank of Nova Scotia, Trustee (BNS) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: OMWCO was paid in full from the proceeds of sale of the Sussex Place Property. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: OMWCO · creditor name: OMWCO · interim final: unstated · claims qualifier: unstated; basis: actual · quote: First Source/Cosman, has not been paid in full and therefore has apportionment rights, through OMWCO's security over the Panelization Machine. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: First Source/Cosman · creditor name: First Source/Cosman · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver has consulted with a number of the affected secured creditors with respect to the Proposed GARE Allocation and specifically with a majority of the Remaining Secured Creditors who will suffer a shortfall in recoveries. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Remaining Secured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2015-04-14 · table missing: