Ontario · Receivership (court-appointed)
Motion Record of the Receiver – Returnable 25 May 2022
Application / notice of application · 13 May 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: (a) in the amount of $308,487.53 to Employment and Social Development Canada; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 308487.53 · cumulative: false · amount high: 308487.53 · class label: Secured Wage Claimant, ESDC · creditor name: Employment and Social Development Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (b) in the amount of $130,211.91 to the administrator of Teamsters Local 419; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 130211.91 · cumulative: false · amount high: 130211.91 · class label: Pension Plan Claimant, administrator of Teamsters Local 419 · creditor name: administrator of Teamsters Local 419 · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (c) in the approximate amount of $140,000.00, subject to reasonable adjustment upon confirmation of amount outstanding, the Receiver General collecting on behalf of Canada Revenue Agency; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 140000 · cumulative: false · amount high: 140000 · class label: Canada Revenue Agency · creditor name: Canada Revenue Agency · interim final: unstated · conditional on: subject to reasonable adjustment upon confirmation of amount outstanding · claims qualifier: unstated; basis: unstated · quote: (d) in the amount of $24,080.29 to Revenu Québec; · pct of: unstated · outcome: distribution · class key: preferred · stated by: receiver · amount low: 24080.29 · cumulative: false · amount high: 24080.29 · class label: Revenu Québec · creditor name: Revenu Québec · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (e) in the approximate amount of $9,000 to the Municipality of Mississippi Mills, subject to receipt by the Receiver of the applicable tax certificate verifying the indebtedness and closing of the sale of the property known municipally as 10-83 Little Bridge Street, Almonte (the "First Almonte Condo" ) as approved by order of the Court dated May 10, 2022; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 9000 · cumulative: false · amount high: 9000 · class label: Municipality of Mississippi Mills · creditor name: Municipality of Mississippi Mills · interim final: interim · conditional on: subject to receipt by the Receiver of the applicable tax certificate verifying the indebtedness and closing of the sale of the First Almonte Condo · claims qualifier: unstated; basis: unstated · quote: (f) in the approximate amount of $5,333.00 to Lanark Standard Condominium Corporation No. 18, subject to receipt by the Receiver of confirmation of the amount outstanding and closing of the sale of the First Almonte Condo as approved by order of the Court dated May 10, 2022; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 5333 · cumulative: false · amount high: 5333 · class label: Lanark Standard Condominium Corporation No. 18 · creditor name: Lanark Standard Condominium Corporation No. 18 · interim final: interim · conditional on: subject to receipt by the Receiver of confirmation of the amount outstanding and closing of the sale of the First Almonte Condo · claims qualifier: unstated; basis: unstated · quote: $100,000.00 to BMO, as a partial payout in respect of the BMO Mortgage registered against the Almonte Condos, derived from the Receiver's anticipated net realizations of the First Almonte Condo, subject to the closing of the First Almonte Transaction. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 100000 · cumulative: false · amount high: 100000 · class label: BMO · creditor name: BMO · interim final: interim · conditional on: subject to the closing of the First Almonte Transaction · claims qualifier: unstated; basis: estimated · quote: The proposed interim distribution pays the claims of all known Priority Claimants in full, save and except for the Municipality of Smiths Falls, whose claim is against the Smiths Falls Property that is not yet sold, and LSCC, only for the portion of its claim relating to its lien and related indebtedness on the Second Almonte Condo that is also not yet sold. · pct of: unstated · outcome: paid_in_full · stated by: receiver · cumulative: false · class label: known Priority Claimants · interim final: interim · conditional on: save and except for the Municipality of Smiths Falls and LSCC's remaining portion · claims qualifier: unstated · stated on: 2022-05-13 · table missing: