British Columbia · Receivership (court-appointed)
Notice of Application to Approve Sale (Oct 20, 2023)
Application / notice of application · 20 October 2023
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: The Receiver believes there will be a significant shortfall to the secured lenders given the value of the Property compared to the outstanding indebtedness of the Debtor. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BDC · creditor name: BDC · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Receiver believes there will be a significant shortfall to the secured lenders given the value of the Property compared to the outstanding indebtedness of the Debtor. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC · creditor name: RBC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: There is no anticipated recovery for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: