Alberta · Receivership (court-appointed)
Receiver's First Report
Court officer report · 18 September 2017
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What we verified from this filing9 verified · 2 withheld
- courtCOURT OF QUEEN'S BENCH OF ALBERTA
- appointeePricewaterhouseCoopers Inc.
- appointee rolereceiver and manager
- commencement date19 July 2017
- statutory basissection 243 of the Bankruptcy and Insolvency Act, R.S.A. 1985, c. B-3, and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act and 65(7) of the Personal Property Security Act
- operational summaryThe Receiver determined it was not viable to continue operations and terminated employees, but completed work-in-progress and pursued a marketing and sale process for the Company's assets, ultimately recommending sale to Joiner Sales Corp.
- recovery outcomeentries: basis: estimated · quote: As it is expected there will be a significant shortfall to ATB, ATB is the only creditor that v'vrill be affected by the sale. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: ATB · creditor name: ATB · interim final: unstated · related party: false · claims qualifier: unstated · stated on: 2017-09-18 · table missing:
- report date18 September 2017
- report noFirst Report
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.