Ontario · Receivership (court-appointed)
Seventh Report to the Court
Court officer report · 24 December 2010
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Subject to the Court approving the distribution to ATS on account of its secured claim, and the receipt of the approximately $2.75 million from Omex under the Omex Settlement Agreement, the Receiver anticipates that there will be sufficient monies available to fund a distribution to the unsecured creditors of at least 45 cents on the dollar. · pct of: unstated · outcome: distribution · pct low: 45 · pct high: 45 · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 6700000 · interim final: unstated · conditional on: Subject to the Court approving the distribution to ATS on account of its secured claim, and the receipt of the approximately $2.75 million from Omex under the Omex Settlement Agreement · cents on dollar: 45 · claims qualifier: listed · table missing: