Ontario · Receivership (court-appointed)
Necho Systems Corp. - Interim Receivership - 4th 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: As set out therein, following the full repayment of Holdings secured debt, the Junior Secureds could suffer a shortfall on their purported security of between rp s . ss e s dch Europe and the Tax Losses. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Junior Secureds · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver proposes to distribute to Holdings the maximum sum of $327,066 at the Reciever's discretion together with accrued interest and its reasonable legal fees up to and including the motion subject to the funds available net of Reserves maintained, which shall also be agreed upon by the return of the motion or determined by this Honourable Court. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 327066 · amount high: 327066 · class label: Holdings · creditor name: Holdings · interim final: unstated · conditional on: at the Receiver's discretion, subject to funds available net of Reserves maintained, together with accrued interest and reasonable legal fees · claims qualifier: unstated; basis: unstated · quote: In addition, the Receiver proposes to distribute to Cybershift the sum of $14,909 in connection with its efforts to recover Receivables for the estate. · pct of: unstated · outcome: distribution · stated by: receiver · amount low: 14909 · amount high: 14909 · class label: Cybershift · creditor name: Cybershift · interim final: unstated · conditional on: in connection with its efforts to recover Receivables for the estate · claims qualifier: unstated · stated on: 2006-08-17 · table missing: