Ontario · Receivership (court-appointed)
Fourth Court Report Walker Road
Court officer report · 15 September 2020
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Under the sale approved by the court for the Walker Road Property, BMO would suffer a shortfall and there would be no recovery under the second mortgage. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Under the sale approved by the court for the Walker Road Property, BMO would suffer a shortfall and there would be no recovery under the second mortgage. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Second Mortgagees · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Three offers were received for the Walker Road Property, each of which would have resulted in a shortfall to BMO and no recovery for the Second Mortgagees. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Three offers were received for the Walker Road Property, each of which would have resulted in a shortfall to BMO and no recovery for the Second Mortgagees. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Second Mortgagees · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The unsolicited offer was for an amount which exceeded the purchase price in the Sale Agreement but would still result in a shortfall on the BMO Mortgage and not produce any recovery for the Second Mortgagees. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO Mortgage · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The unsolicited offer was for an amount which exceeded the purchase price in the Sale Agreement but would still result in a shortfall on the BMO Mortgage and not produce any recovery for the Second Mortgagees. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Second Mortgagees · interim final: unstated · claims qualifier: unstated · stated on: 2020-09-15 · table missing: