British Columbia · Receivership (court-appointed)
Receiver’s Fourth Report to Court – filed March 18, 2021
Court officer report · 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: Since IA is expected to suffer a shortfall in excess of $4.0 million as against the IA Principal Amount, there will be nofunds available to any unsecured creditors of the Wedgemount Entities. · 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 · shortfall amount: 4000000; basis: estimated · quote: Since IA is expected to suffer a shortfall in excess of $4.0 million as against the IA Principal Amount, there will be nofunds available to any unsecured creditors of the Wedgemount Entities. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of the Wedgemount Entities · claims amount: 6200000 · interim final: unstated · claims qualifier: listed · table missing: