Ontario · Receivership (court-appointed)
Application Record - Volume 1 of 2, dated April 2, 2022
Application / notice of application · 6 April 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Bank is currently owed approximately $3.2 million and, given the amount held by the Receiver, will suffer a significant shortfall on its loan. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount low: 67000 · amount high: 67000 · class label: The Bank · claims amount: 3200000 · creditor name: National Bank of Canada · interim final: unstated · related party: false · claims qualifier: estimated; basis: unstated · quote: It is the Receiver's understanding that, based on discussions with BDC, it was repaid in full from the proceeds from the sale of the Saramia Property. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: The Business Development Bank of Canada · creditor name: The Business Development Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver also understands that vehicles financed and/or leased from Kenworth, Honda, and VW were either paid off in full by Centrestone or returned to the various lessors / finance companies. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Kenworth, Honda, and VW · creditor name: Kenworth, Honda, and VW · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Additionally, it is the Receiver's understanding that, based on discussions with management of Centrestone, C&C is not owed any money by the Debtors. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: C&C North America, Inc. · creditor name: C&C North America, Inc. · interim final: unstated · claims qualifier: unstated · stated on: 2022-03-03 · table missing: