Alberta · Receivership (court-appointed)
Application re Sale, Auction Agreement and Claims Process Approval, filed October 29, 2025
Application / notice of application · 29 October 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Should this Honourable Court approve the Proposed Transaction and Auction Agreement, the Receiver anticipates having sufficient available net proceeds to fully satisfy the claims of proven secured creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: proven secured creditors · interim final: unstated · conditional on: Should this Honourable Court approve the Proposed Transaction and Auction Agreement · claims qualifier: unstated; basis: estimated · quote: however proposes to issue an interim distribution to BDC in the amount of $1,150,000 following the conclusion of the transactions, with the balance to be withheld and remitted to BDC pending the completion of the Post-Receivership Claims Process. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1150000 · cumulative: false · amount high: 1150000 · class label: Business Development Bank of Canada (BDC) · creditor name: Business Development Bank of Canada · interim final: interim · conditional on: with the balance to be withheld and remitted to BDC pending the completion of the Post-Receivership Claims Process · claims qualifier: unstated · table missing: