Ontario · Receivership (court-appointed)
Fourth Report of Receiver, dated March 15, 2013
Court officer report · 15 March 2013
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The proposed interim distribution contemplates the following: (i) that the first secured mortgagee, Fred Rankel be paid $650,000; (ii) that the Receiver reserve approximately $75,000 in order for all claims and costs to be determined to complete the administration of the global receivership, including CRA claims and other amounts, with a final distribution to be undertaken once all claims and costs are determined, including any fees and general restructuring administrative expenses ("GARE"). · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 650000 · amount high: 650000 · class label: Fred Rankel (first secured mortgagee - Coldwater Property) · creditor name: Fred Rankel · interim final: interim · claims qualifier: unstated; basis: estimated · quote: The proposed interim distribution contemplates the following: (i) that the first secured mortgagee, Laurentian Bank of Canada, be paid out in full; (ii) that the lien holder York North Condominium Corporation No. 4 be paid out in full ($6,008.56); and (iii) that the Receiver reserve $25,000 in order for all claims and costs to be determined to complete the administration of the global receivership, with a final distribution to be undertaken once all claims and costs are determined, including any CRA claims and GARE amounts. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Laurentian Bank of Canada (first secured mortgagee - Devonshire Place) · creditor name: Laurentian Bank of Canada · interim final: interim · claims qualifier: unstated; basis: estimated · quote: The proposed interim distribution contemplates the following: (i) that the first secured mortgagee, Laurentian Bank of Canada, be paid out in full; (ii) that the lien holder York North Condominium Corporation No. 4 be paid out in full ($6,008.56); and (iii) that the Receiver reserve $25,000 in order for all claims and costs to be determined to complete the administration of the global receivership, with a final distribution to be undertaken once all claims and costs are determined, including any CRA claims and GARE amounts. · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: receiver · amount low: 6008.56 · amount high: 6008.56 · class label: York North Condominium Corporation No. 4 (lien holder - Devonshire Place) · creditor name: York North Condominium Corporation No. 4 · interim final: interim · claims qualifier: unstated · stated on: 2013-03-15 · table missing: