Ontario · Receivership (court-appointed)
Mapleview - Trustees Report to Creditors on Preliminary Administration dated September 13, 2024
Court officer report · 13 September 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing9 verified
- closing confirmedscope: the Transaction · outcome: completed · effective: 2024-08-23 · purchaser: Dunsire Homes Inc. · date basis: stated · approval order date: 2024-08-16
- financial positionnote: Substantially all of the Debtors' assets were vested in the Purchaser pursuant to the Transaction; the Debtors do not carry on any business or hold remaining assets of significant value. · basis: unaudited · scope: Mapleview Developments Ltd. (bankruptcy estate) · currency: CAD
- operational summaryFollowing the sale transaction, the Debtors no longer carry on any business, have no employees, and hold no remaining assets of significant value.
- purchaserDunsire Homes Inc.
- recovery outcomeentries: basis: actual · quote: Pursuant to the Distribution Order, KingSett's mortgages were repaid in full from the Purchase Proceeds. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: KingSett · creditor name: KingSett Mortgage Corporation · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As a result, the Trustee does not expect there will be funds available for distribution to Debtors' creditors in these bankruptcies. · pct of: unstated · outcome: nil · stated by: trustee · class label: Debtors' creditors in these bankruptcies · interim final: unstated · claims qualifier: unstated · stated on: 2024-09-13 · table missing:
- report date13 September 2024
- report noTrustee's Report to Creditors on Preliminary Administration
- sale outcometext: the transaction set out in the APS was identified to be the successful bid and closed · scope: whole_business · status: closed
- stalking horseDunsire Homes Inc.