Alberta · Receivership (court-appointed)
Third Report of the Receiver - Filed November 30, 2021
Court officer report · 30 November 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: The Receiver has paid the super priority to Service Canada on behalf of the Wage Earner Protection Program Act , SC 2005, c 47, s 1, in the amount of $75,764.42. · pct of: unstated · outcome: paid_in_full · class key: weppa · stated by: receiver · amount low: 75764.42 · amount high: 75764.42 · class label: Wage Earner Protection Program Act (Service Canada) · creditor name: Service Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Therefore, as the sale of the Vanguard Plant realized $1,180,00, the amount to be paid to FCC is $1,087,286. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1087286 · amount high: 1087286 · class label: Farm Credit Canada - secured creditor · creditor name: Farm Credit Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Accordingly, the Receiver recommends and requests approval to make an interim distribution to ATB of up to $10,000,000 after payment of the FCC debt, the Priority Producer Claims and the BIA 81.2 Claims. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount high: 10000000 · class label: ATB Financial - secured creditor · creditor name: ATB Financial · interim final: interim · conditional on: after payment of the FCC debt, the Priority Producer Claims and the BIA 81.2 Claims · claims qualifier: unstated; basis: unstated · quote: In light of the foregoing, the Receiver's position is that only nine claims totalling $198,318 relate to Grain Receipts issued under the Grain Licences and are valid claims under BIA 81.2. · pct of: unstated · outcome: distribution · stated by: receiver · class label: Grain Receipt BIA 81.2 claimants · claims amount: 198318 · interim final: unstated · claims qualifier: listed · stated on: 2021-11-30 · table missing: