British Columbia · Receivership (court-appointed)
245-246 Notice and Statement of Receiver
Notice to creditors · 3 January 2025
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What we verified from this filing2 verified
- financial positionnote: Table lists Real Property (3 titled lands) $1.00, Fixed Assets & Equipment $1.00, Accounts receivable $1.00, Total $3.00 (nominal values from the Receivership Order); document states these should not be relied upon as actual values could be materially lower. · basis: nominal values assigned for jurisdictional purposes under the Receivership Order; explicitly stated as unreliable · scope: Real Property, Fixed Assets & Equipment, and Accounts receivable of G-T-X Cavating Ltd. · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Given the amount owed to the secured creditors and the net book value of the assets, it is expected that secured creditors will experience a shortfall and that there will be no funds available to unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given the amount owed to the secured creditors and the net book value of the assets, it is expected that secured creditors will experience a shortfall and that there will be no funds available to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-01-03 · table missing: