Ontario · CCAA

Update Report No. 8 dated March 30, 2017 (unofficial translation)

Court officer report · 30 March 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 filing1 verified

recovery outcomeentries: basis: estimated · quote: In accordance with the aforesaid, the monitor proposes making, at this stage (and subject as aforesaid to consent with Tarion), an interim distribution of the asset realization receipts, such that the amount transferred to the Company will be in a sum of approx. 20 million Canadian dollars (hereinafter - the "interim distribution" ), simultaneously with the return of the home purchasers' deposit monies as aforesaid. · pct of: unstated · outcome: distribution · currency: CAD · stated by: monitor · amount low: 20000000 · amount high: 20000000 · class label: the Company (in the general insolvency proceedings, via interim distribution) · creditor name: Urbancorp Inc. · interim final: interim · conditional on: subject to consent with Tarion regarding withdrawal of its claim · currency quote: 20 million Canadian dollars · claims qualifier: unstated · table missing: