Ontario · Receivership (court-appointed)
This Tenth Report is provided to this Court in support of a motion by the Receiver for an Order: a) approving the Tenth Report and the activities and the conduct of the Receiver described therein; b) authorizing and directing the Receiver to distribute the remaining proceeds from the sale of the RH Real Property to Kone, Weston, and Capital Drywall in respect of their non-priority lien claims, and to Chubb as assignee of nine of the thirteen accepted lien claims in respect of their non-priority lien claims; c) approving the agreement of purchase and sale of the Atlas RH Ltd. Mobile Independent Health Facility Licence (“IHF Licence”) to MyHealth Partners Inc. (“MyHealth”), authorizing the Receiver to enter into the agreement substantially in the form attached as Confidential Appendix “1” to the Tenth Report, and pending the closing of the transaction or further Order of the Court, sealing the unredacted agreement of purchase and sale for the IHF Licence and summary of offers, which will be filed separately as Confidential Appendices “1” and “2”. The Receiver is requesting an Order sealing these appendices because they contain financial and other information that could taint the market in the event the sale of the IHF Licence does not close, and it has to be re-marketed; d) approving the Receiver’s interim Statement of Receipts and Disbursements for the period from December 3, 2018 to March 7, 2022; and e) approving the Receiver’s fees and disbursements for the period from September 11, 2021 to February 18, 2022, and the fees and disbursements of the Receiver’s counsel, Blaney McMurtry LLP (“Blaneys”), for the period from September 1, 2021 to February 28, 2022
Court officer report · 9 March 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: To Meridian in the amount of approximately $49.7 million in full and final satisfaction of its debt. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 49700000 · amount high: 49700000 · class label: Meridian · creditor name: Meridian Credit Union Limited · interim final: unstated · claims qualifier: unstated; basis: actual · quote: 7. $2,461.14 to Kone; · pct of: unstated · outcome: distribution · class key: landlord · stated by: receiver · amount low: 2461.14 · amount high: 2461.14 · class label: Kone · creditor name: Kone Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: 8. $1,088.89 to Weston; · pct of: unstated · outcome: distribution · class key: landlord · stated by: receiver · amount low: 1088.89 · amount high: 1088.89 · class label: Weston · creditor name: Weston Consulting Group Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: 9. $9,046.09 to Capital Drywall; and · pct of: unstated · outcome: distribution · class key: landlord · stated by: receiver · amount low: 9046.09 · amount high: 9046.09 · class label: Capital Drywall · creditor name: Capital Drywall Systems Ltd. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: 10. $3.9 million to Chubb; and · pct of: unstated · outcome: distribution · class key: landlord · stated by: receiver · amount low: 3900000 · amount high: 3900000 · class label: Chubb · creditor name: Chubb Insurance Company of Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: a) $9,165.79 to Kone; · pct of: unstated · outcome: distribution · class key: landlord · stated by: receiver · amount low: 9165.79 · amount high: 9165.79 · class label: Kone · creditor name: Kone · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: b) $4,073.68 to Weston; · pct of: unstated · outcome: distribution · class key: landlord · stated by: receiver · amount low: 4073.68 · amount high: 4073.68 · class label: Weston · creditor name: Weston · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: c) $19,350 to Capital Drywall; and · pct of: unstated · outcome: distribution · class key: landlord · stated by: receiver · amount low: 19350 · amount high: 19350 · class label: Capital Drywall · creditor name: Capital Drywall · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: d) $985,831.55 to Chubb. · pct of: unstated · outcome: distribution · class key: landlord · stated by: receiver · amount low: 985831.55 · amount high: 985831.55 · class label: Chubb · creditor name: Chubb · interim final: unstated · claims qualifier: unstated · stated on: 2022-03-09 · table missing: