Ontario · Winding-up (WURA)
Motion Record (2) - 2015.07.15
Application / notice of application · 15 July 2015
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: and (b) distribution of 100 cents-on-the-dollar on policy loss claims ("Policy Loss Claims") which have been allowed. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: Policy Loss Claims · interim final: unstated · cents on dollar: 100 · claims qualifier: unstated; basis: actual · quote: This Court has approved 6 distributions to policyholders, resulting in a total recovery of 100% of the value of their allowed Policy Loss Claims and, where applicable, a distribution of post-liquidation interest of 5%. · pct of: allowed_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · class label: policyholders (Allowed Policy Loss Claims) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: A distribution of 100% on allowed ordinary creditor claims was also made, pursuant to this Court's Order made December 17, 2008. · pct of: allowed_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: ordinary creditor claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As at September 30, 2014, the U.S. Liquidator has only paid total cumulative interim distributions of 40% on allowed claims. · pct of: allowed_claims · outcome: distribution · pct low: 40 · pct high: 40 · class key: unsecured · stated by: liquidator · cumulative: true · class label: allowed claims (U.S. Liquidator's Reliance estate) · interim final: interim · claims qualifier: unstated; basis: actual · quote: Pursuant to the fifth interim distribution approved by the Court in April 2008, the Liquidator is paying policy holders and claimants 100% of their valid and allowed loss claims. · pct of: allowed_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: policyholders and claimants (valid and allowed loss claims) · interim final: unstated · claims qualifier: unstated · stated on: 2015-07-07 · table missing: