Alberta · Receivership (court-appointed)
Sixth Report of the Receiver dated January 9, 2023
Court officer report · 9 January 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The Settlement Agreement will see the Lien Claimants who have valid lien claims receive a distribution of approximately 67% of their lien claims; · pct of: unstated · outcome: distribution · pct low: 67 · pct high: 67 · class key: pmsi_lessor · stated by: receiver · class label: Lien Claimants who have valid lien claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: BMO supports approval of the Settlement Agreement notwithstanding it will suffer a shortfall on the BMO Pre-Filing Indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO Pre-Filing Indebtedness · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Fulcrum will not receive any distributions in these proceedings; · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Fulcrum, the Companies' subordinated secured creditor · creditor name: Fulcrum · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Notwithstanding the Distributions contemplated under the proposed Discharge Order, BMO will incur a substantial shortfall on its prefiling advances to the Companies. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO Pre-Filing Indebtedness · creditor name: BMO · interim final: unstated · claims qualifier: unstated · stated on: 2023-01-09 · table missing: