Alberta · CCAA
Seventh Report of the Monitor
Court officer report · 29 November 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: Indigo is Lynx Air's senior secured creditor and has incurred a shortfall on its secured debt of approximately $58 million. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Indigo (senior secured creditor) · creditor name: Indigo · interim final: unstated · claims qualifier: unstated · shortfall amount: 58000000; basis: unstated · quote: As a result, there will not be any distributions to unsecured creditors, nor will there be a claims process to determine payment of claims subordinate to Indigo's secured claim. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As a result, there will not be any distributions to unsecured creditors, nor will there be a claims process to determine payment of claims subordinate to Indigo's secured claim. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: creditors subordinate to Indigo's secured claim · interim final: unstated · claims qualifier: unstated · stated on: 2024-11-29 · table missing: