Manitoba · Receivership (court-appointed)
Motion Brief dated November 17, 2023 2 of 3
Application / notice of application · 17 November 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: liquidation_alternative · quote: The Monitor and the Just Energy Entities concluded, on the basis of the updated liquidation analysis, that not only would a liquidation produce no recovery for unsecured creditors, but it would result in a shortfall to secured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Monitor and the Just Energy Entities concluded, on the basis of the updated liquidation analysis, that not only would a liquidation produce no recovery for unsecured creditors, but it would result in a shortfall to secured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As discussed, the Transaction does not provide any recovery for unsecured creditors or shareholders. · pct of: unstated · outcome: nil · class key: unsecured · stated by: court · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As discussed, the Transaction does not provide any recovery for unsecured creditors or shareholders. · pct of: unstated · outcome: nil · class key: equity · stated by: court · class label: shareholders · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: In any event, the Just Energy Entities submit that, at best, Mr. Jaafari has an unsecured claim that is incapable of recovery since unsecured creditors are receiving no money as a result of the Transaction. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: