British Columbia · Receivership (court-appointed)

Seventh Report of the Receiver

Court officer report · 18 May 2016

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 filing3 verified

purchaserprice: note: referred to as the 'Partial Purchase Proceeds' paid in trust to the Receiver · basis: cash · amount: 18121000 · sealed: false · currency: CAD · scope: the proposed sale of the assets of the OBBH · status: approved · name note: nominee companies formed by and related to Rev Investments Inc. · structure: assets · name source: recital · relationship: related_party
recovery outcomeentries: basis: unstated · quote: no recovery will be available to any of Bison's other affected creditors; and · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Bison's other affected creditors · interim final: unstated · claims qualifier: unstated · stated on: 2016-05-18 · table missing:
sale outcometext: The April 29 Orders approved the Transaction; closing expected on or about June 6, 2016 · scope: whole_business · status: approved