Ontario · Receivership (court-appointed)
First Report of the Construction Receiver dated August 8, 2016
Court officer report · 8 August 2016
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 filing9 verified
- applicantCANADIAN IMPERIAL BANK OF COMMERCE
- courtONTARIO SUPERIOR COURT OF JUSTICE COMMERCIAL LIST
- court file noCV-16-11409-00CL
- appointeeAlvarez & Marsal Canada Inc.
- appointee rolereceiver and manager
- commencement date31 May 2016
- statutory basissection 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c.C.43
- secured creditorsnote: Amount not stated. Terra Firma Motion served July 15, 2016; hearing scheduled August 15, 2016. Priority vis-a-vis UC Purchasers is the subject of the pending motion (contested; Ad Hoc Curzon Purchasers' responding materials not yet served). · page: 5 · debtor: Urbancorp (Leslieville) Developments Inc., Urbancorp (Riverdale) Developments Inc., Urbancorp (The Beach) Developments Inc. · creditor: Terra Firma Capital Corporation · currency: CAD · security: Described as a secured creditor of the Debtors; its motion seeks a declaration that it has an interest in the Debtors' Property in priority to the UC Purchasers and vesting of the Debtors' Property in it, after payment of claims ranking in priority to its security. Amount and security instruments not stated in these pages.
- unsecured creditors