Ontario · Receivership (court-appointed)
Fourth Report of the Receiver and Manager of 2735447 Ontario Inc. dated July 13, 2023
Court officer report · 13 July 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The Ora Binding APA was the only available closable deal at the time that had a certain outcome of full recovery for the first secured creditor, Trez. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Trez Capital Partnership Limited · creditor name: Trez Capital Partnership Limited · interim final: unstated · related party: false · claims qualifier: unstated; basis: estimated · quote: 273, for advances it made under the Receiver's borrowing certificate, may begin to suffer a shortfall beginning in January 2024; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: 273 · creditor name: 2735440 Ontario Inc. (273) · interim final: unstated · conditional on: due to the principal and interest on the TCC Mortgage beginning to overtake the cash proceeds available from the Ora Transaction · claims qualifier: unstated; basis: estimated · quote: 273, for advances it made under the Receiver's borrowing certificate, may begin to suffer a shortfall beginning in November, 2023; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: 273 (alternative KNYMH priority scenario) · creditor name: 2735440 Ontario Inc. (273) · interim final: unstated · conditional on: If the amounts for which KNYMH has priority are $259,211 as it claims · claims qualifier: unstated · stated on: 2023-07-13 · table missing: