British Columbia · Receivership (court-appointed)
Notice of Application of the Receiver for order authorizing distribution and discharge – filed March 18, 2021
Application / notice of application · 18 March 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: IA is expected to suffer a shortfall in excess of $4.0 million as against the IA Principal Amount. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: IA · creditor name: Industrial Alliance Insurance and Financial Services Inc. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Therefore, there will be no funds available in these Receivership Proceedings for distribution to any subsequent ranking creditors of the Wedgemount Entities. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: subsequent ranking creditors of the Wedgemount Entities · interim final: unstated · claims qualifier: unstated · table missing: