Ontario · Receivership (court-appointed)
Fifth Report dated September 6, 2017
Court officer report · 6 September 2017
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 filing7 verified
- closing confirmedscope: the Development Lands · outcome: completed · date basis: unstated; scope: Unit 10 (including Parking Unit 8 as it was directly linked to the unit) · outcome: completed · date basis: unstated; scope: Unit 23 and Storage Unit 10 · outcome: completed · date basis: unstated; scope: Unit 24 and Storage Unit 9 · outcome: completed · date basis: unstated; scope: Unit 12 and Parking Unit 6 · outcome: completed · date basis: unstated
- operational summaryThe Receiver has completed and closed sale transactions for all of the Property and is now administering the claims procedure, resolving Tarion's claim, and preparing a proposed interim distribution to unsecured creditors.
- professional feesnote: Plus HST of $5,741.17, for a total of $49,904.06. Chaitons LLP (counsel) fees for July 1, 2016 to August 31, 2017 were $26,663.50, plus disbursements of $1,109.78, plus HST of $3,580.30, for a total of $31,353.58. · party: Receiver (Grant Thornton Limited) · amount: 44162.88 · period: August 1, 2016 to August 31, 2017 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: the proposed interim distribution provides that all creditors with accepted claims against the Debtors will receive 100% of the value of their accepted claims. · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: receiver · class label: unsecured creditors with accepted claims · interim final: interim · claims qualifier: unstated; basis: actual · quote: the Receiver has distributed $109,668.50 to HSCC 634 with respect to the special fee assessment and its condominium liens. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 109668.5 · amount high: 109668.5 · class label: HSCC 634 · creditor name: HSCC 634 · interim final: unstated · claims qualifier: unstated · stated on: 2017-09-06 · table missing:
- report date6 September 2017
- report noFifth Report
- sale outcometext: the Receiver has completed and closed sale transactions for all of the Property · scope: whole_business · status: closed