British Columbia · Bankruptcy
ARCHLP - Trustee's Preliminary Report
Court officer report · 10 August 2023
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 filing2 verified
- financial positionnote: No total assets or total liabilities stated; assets are described, not totalled: cash on hand at the date of bankruptcy and equity interests in REIT1, with an estimated realizable value of nil for the REIT1 Equity Interests. Claims disclosed on the statements of affairs ($000): Secured Claims 50,000.0; Unsecured Claims: Third party 0.0, Related party 14,479.2, Total Unsecured Claims 14,479.2. Date of statements of affairs not stated; as_at set to the date of bankruptcy (July 21, 2023). · as at: 2023-07-21 · basis: Statements of affairs of ARCH as summarized by the Trustee; the secured claim reflects principal only, and the Trustee's total including interest is an estimate of approximately $51.6 million. · scope: ARCH (Adventus Realty Canada Holdings Limited Partnership) only; entity-level, not consolidated. · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Accordingly, it is anticipated that there will be no distribution to unsecured creditors of ARCH. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-08-10 · table missing: