Manitoba · Receivership (court-appointed)
Seventh and Final Report of the Receiver
Court officer report · 6 January 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: The assets have now been realized on by the Receiver and all creditors ranking in priority to the Lender have been paid in full; therefore, the Receiver is seeking approval to distribute the balance of the proceeds held in its trust account to the Lender. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: creditors ranking in priority to the Lender · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Given the obvious and significant shortfall in respect of the amount owing to the Lender, the Receiver is of the view that the Lender is the only creditor with any material interest in the outcome of the Glycol Leak Claim. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Lender · creditor name: Caisse Populaire Groupe Financier Ltee. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Based on payments proposed to be made by the Receiver to Lenders, and the remaining significant indebtedness due to the Lender, there will be no distribution to the Company's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Company's unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: