Ontario · Receivership (court-appointed)
Second Interim Report of the Receiver - Section 246(2) of the BIA
Court officer report · 26 August 2021
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: Before any potential recoveries that may arise from the Potential Claims, the estimated shortfall to Secured Creditors is expected to be in excess of US$100 million. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: receiver · class label: Secured Creditors · interim final: unstated · conditional on: Before any potential recoveries that may arise from the Potential Claims · currency quote: US$100 million · claims qualifier: unstated · shortfall amount: 100000000; basis: estimated · quote: Accordingly, there will be no funds available for distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-02-12 · table missing: