British Columbia · Receivership (court-appointed)
First Report of the Receiver (May 24, 2023)
Court officer report · 24 May 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: estimated · quote: The first secured creditor, Mitsubishi, is likely to suffer a shortfall on its loan of $1.5 million after paying out priority claims. · pct of: unstated · outcome: shortfall · currency: CAD · class key: secured · stated by: receiver · amount low: 1500000 · amount high: 1500000 · class label: Mitsubishi · creditor name: Mitsubishi HC Capital Canada Inc. · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated · shortfall amount: 1500000; basis: estimated · quote: The Receiver anticipates that there may be a shortfall to the first secured creditor, Mitsubishi, in which case there will not be a recovery to any other creditors who rank behind Mitsubishi. · pct of: unstated · outcome: nil · stated by: receiver · class label: other creditors who rank behind Mitsubishi · interim final: unstated · conditional on: there may be a shortfall to the first secured creditor, Mitsubishi · claims qualifier: unstated · stated on: 2023-05-24 · table missing: