Ontario · Receivership (court-appointed)
Sealing and Interim Distribution Order dated October 28, 2020
Distribution order · 28 October 2020
Also filed as: Sealing and Interim Distribution Order dated October 28, 2020; Sealing and Interim Distribution Order dated October 28, 2020
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 filing4 verified
- counselChaitons LLP
- presiding officerJustice Conway
- presiding officerJustice Conway
- recovery outcomeentries: basis: actual · quote: $1,047,552.15, plus interest at BCU's prime rate of interest in effect from time to time plus 1.00% per year from December 7, 2019, calculated at $43,686.92 to October 30, 2020, being a portion of the total amount owing under the Judgment dated August 28, 2020 in favour of BCU against (among others) 2321198 Ontario Inc. and Carlo DeMaria with respect to the mortgage registered by BCU against the property known as 46 Puccini Drive, Richmond Hill, Ontario; · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 1047552.15 · cumulative: false · amount high: 1047552.15 · class label: BCU · creditor name: Buduchnist Credit Union Limited · interim final: unstated · conditional on: pending this Court's disposition of BCU's claims to additional distributions which are contested by Trade Capital Finance Corp · claims qualifier: unstated; basis: actual · quote: $207,393.29, being the amount of BCU's mortgage registered against the property known as 6216 Fifth Line, Egbert, Ontario, plus interest at 3.29% per year from December 7, 2019, calculated at $7,093.06 to October 30, 2020, pursuant to the Judgment dated August 26, 2020 in favour of BCU against Carlo DeMaria and Sandra DeMaria; and · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 207393.29 · cumulative: false · amount high: 207393.29 · class label: BCU · creditor name: Buduchnist Credit Union Limited · interim final: unstated · conditional on: pending this Court's disposition of BCU's claims to additional distributions which are contested by Trade Capital Finance Corp · claims qualifier: unstated; basis: unstated · quote: $1,049,319.69, being the amount of BCU's first mortgage registered against the Woodland Property, plus interest at 4.50% per year from December 7, 2019, calculated at $47,014.11 to December 1, 2020, pursuant to the Judgement dated August 28, 2020 in favour of BCU against Carlo DeMaria. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 1049319.69 · cumulative: false · amount high: 1049319.69 · class label: BCU · creditor name: Buduchnist Credit Union Limited · interim final: interim · conditional on: pending this Court's disposition of BCU's claims to additional distributions which are contested by Trade Capital Finance Corp · claims qualifier: unstated · stated on: 2020-10-28 · table missing: