Ontario · Receivership (court-appointed)
Motion Record of MarshallZehr Group Inc. dated May 4-2016 - Part 1
Application / notice of application · 10 May 2016
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: the Trustee has distributed $27,660,000 to LBC, such that the amount now owing under the LBC Mortgage has been reduced to $13,378,329.16, estimated as at May *, 2016. · pct of: unstated · outcome: distribution · class key: secured · stated by: trustee · amount low: 27660000 · amount high: 27660000 · class label: LBC · creditor name: LBC · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On January 11, 2016, following the distribution by the Trustee of $305,237.54 on account of deficiencies in the holdbacks in respect of certain Lien Claims, a process to resolve the priority of Lien Claims over advances under the LBC Mortgage was concluded by order of the Court (the "Claims Resolution Order") establishing the priority over the Lien Claims of all amounts advanced under the LBC Mortgage. · pct of: unstated · outcome: distribution · stated by: trustee · amount low: 305237.54 · amount high: 305237.54 · class label: Lien Claims · interim final: unstated · claims qualifier: unstated · table missing: