Ontario · Receivership (court-appointed)
Motion Record (Part 1 of 3) Returnable May 31, 2011
Application / notice of application · 31 May 2011
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Equitable is expected suffer a shortfall exceeding $5 million on the recovery of its secured advances to the Debtors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: The Equitable Trust Company · creditor name: The Equitable Trust Company · interim final: unstated · claims qualifier: unstated · shortfall amount: 5000000; basis: unstated · quote: As such, there will be no surplus generated from the receivership administration available for distribution to other secured and unsecured creditors of the Debtors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other secured and unsecured creditors of the Debtors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: An order approving a first distribution of $3,800,000 to The Equitable Trust Company as a partial repayment of its secured advances to the Debtors. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 3800000 · cumulative: false · amount high: 3800000 · class label: The Equitable Trust Company · creditor name: The Equitable Trust Company · interim final: interim · claims qualifier: unstated · stated on: 2011-05-20 · table missing: