British Columbia · Receivership (court-appointed)
Second Report of the Receiver (Aug 15, 2023)
Court officer report · 15 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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Receiver requests this Honourable Court's approval of a distribution to Mitsubishi for up to the amount of $1.2 million, subject to the rights of CRA for payroll source deductions and WEPP for employee priority claims. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount high: 1200000 · class label: Mitsubishi · creditor name: Mitsubishi HC Capital Canada Inc. · interim final: unstated · conditional on: subject to the priority rights of CRA for payroll source deductions and WEPP · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: estimated · quote: With the auction results as well as ongoing accounts receivable collection, thniil tsl t bt t it s toor Mitsubishi, in which case there will not be a recovery to any other creditors who rank behind Mitsubishi. · pct of: unstated · outcome: nil · stated by: receiver · class label: other creditors who rank behind Mitsubishi · interim final: unstated · claims qualifier: unstated · stated on: 2023-08-15 · table missing: