Ontario · CCAA
Trustee’s Report to the First Meeting of Creditors on Preliminary Administration – dated June 20, 2019
Court officer report · 20 June 2019
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: Given that realizations from estate assets are projected to be nominal, and Deerfield will suffer a shortfall on its advances to API under the Facility Agreement (as defined below), it is not anticipated that there will be any funds available for distribution to unsecured creditors of the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: Deerfield · creditor name: Deerfield · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given that realizations from estate assets are projected to be nominal, and Deerfield will suffer a shortfall on its advances to API under the Facility Agreement (as defined below), it is not anticipated that there will be any funds available for distribution to unsecured creditors of the Company. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: