British Columbia · Receivership (court-appointed)
Notice of Application to Approve Assignment of Accounts Receivable and Discharge Receiver (filed Jan 22, 2024)
Application / notice of application · 22 January 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: As senior secured creditor, Mitsubishi is entitled to receive payment of the remaining $25,000 owing, in full and final satisfaction of its priority secured claim. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 25000 · amount high: 25000 · class label: Mitsubishi · creditor name: Mitsubishi HC Capital Canada, Inc. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: If Hampton did not make the Personal Residence Sale, Mitsubishi would have experienced a shortfall of its secured claim of approximately $710,000.00. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Mitsubishi · creditor name: Mitsubishi HC Capital Canada, Inc. · interim final: unstated · conditional on: If Hampton did not make the Personal Residence Sale · claims qualifier: unstated · shortfall amount: 710000; basis: actual · quote: On September 20, 2023, the Receiver made an interim distribution to Mitsubishi pursuant to the Interim Distribution Order of the Honourable Justice Douglas granted September 19, 2023 in the amount of $1,000,000.00 (the 'Interim Distribution'). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1000000 · cumulative: false · amount high: 1000000 · class label: Mitsubishi · creditor name: Mitsubishi HC Capital Canada, Inc. · interim final: interim · claims qualifier: unstated; basis: estimated · quote: (b) approving a distribution to Mr. James Gordon Hampton ('Hampton') of the remainder of the funds held by the Receiver at the conclusion of these proceedings in an amount estimated to be $166,000; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 166000 · amount high: 166000 · class label: Hampton · creditor name: James Gordon Hampton · interim final: unstated · claims qualifier: unstated · table missing: