Alberta · Receivership (court-appointed)
Third Report of the Receiver, dated March 1, 2021
Court officer report · 1 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: Given the shortfall on the secured creditor's indebtedness, there will be no distribution to the unsecured creditors of 1119 AB. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of 1119 AB · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given the shortfall on the secured creditor's indebtedness, there will no distribution to the unsecured creditors of 1012 SK. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of 1012 SK · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As a result, the Receiver is seeking the approval of this Honourable Court for an interim distribution to BDC of the 1119 Interim Distributable Proceeds from the estate of 1119 AB (the ' 1119 Interim Distribution '). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · class label: BDC (1119 AB) · creditor name: BDC · interim final: interim · claims qualifier: unstated; basis: unstated · quote: As a result, the Receiver is seeking the approval of this Honourable Court for a distribution to BDC of the 1012 Distributable Proceeds from the estate of 1012 SK, together with any further incidental receipts (if any), with total distributions not to exceed the maximum of 1012 SK's indebtedness to BDC (the ' 1012 Distribution '). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · class label: BDC (1012 SK) · creditor name: BDC · interim final: unstated · claims qualifier: unstated · stated on: 2021-03-01 · table missing: