British Columbia · Receivership (court-appointed)
First Report of the Proposed Court-Appointed Receiver dated August 18, 2021
Court officer report · 18 August 2021
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The principal secured creditor, BMO, is in agreement with the transaction, and is expected to suffer a significant shortfall on its indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: There will not be sufficient funds available to make a distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 82449 · interim final: unstated · claims qualifier: listed; basis: estimated · quote: Due to the quantum of priority claims and debts owing to secured creditors, there does not appear to be sufficient value in the Company's assets to provide for any recovery to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-08-18 · table missing: