Ontario · Receivership (court-appointed)
Supplementary Report to First Report of Receiver(motion returnable July 30, 2019)
Court officer report · 30 July 2019
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What we verified from this filing5 verified
- secured creditorsnote: Described as the 'fulcrum' creditor; amounts outstanding under its mortgage referenced but not quantified in these pages · page: 3 · debtor: 189 Dundas Street West Inc. · creditor: Second Mortgagee · currency: CAD · security: Second mortgage
- purchaserPlazacorp
- recovery outcomeentries: basis: estimated · quote: If the Plazacorp Offer is accepted, the Second Mortgagee, the "fulcrum" creditor, will suffer a significant shortfall based on the amounts outstanding under its mortgage, even if the Respondent is successful in reducing the interest claimed by the Second Mortgagee in the Litigation; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Second Mortgagee · creditor name: Second Mortgagee · interim final: unstated · conditional on: If the Plazacorp Offer is accepted · claims qualifier: unstated · table missing:
- sale advisorColliers
- sale outcometext: The Receiver recommends that the sale process outlined in its First Report be approved · scope: whole_business · status: process_approved