Alberta · Receivership (court-appointed)
Filed Amended Application to Declare Debt Owing
Application / notice of application · 31 October 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: $600,000.00 to provide at least a forty percent (40%) recovery to non-priority general unsecured creditors with allowed claims (the ' Settlement Carve-Out ') through a creditor trust, with the possibility that additional asset recoveries and adjudication of claims objections may increase this distribution; · pct of: allowed_claims · outcome: distribution · pct low: 40 · currency: USD · pct high: 40 · class key: unsecured · stated by: debtor · amount low: 600000 · amount high: 600000 · class label: non-priority general unsecured creditors with allowed claims · interim final: unstated · related party: false · conditional on: with the possibility that additional asset recoveries and adjudication of claims objections may increase this distribution · currency quote: $600,000.00 · claims qualifier: unstated; basis: unstated · quote: Lender's Deficiency Claim means the unsecured claim held by the Lender as a result of the operation of section 506(a)(1) of the Bankruptcy Code in the amount of $56,511,950.72, subject to a final calculation by the Lender satisfactory to the Chapter 11 Trustee. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: debtor · class label: Lender's Deficiency Claim · claims amount: 56511950.72 · creditor name: Romspen Mortgage Limited Partnership · interim final: unstated · related party: false · currency quote: $56,511,950.72 · claims qualifier: unstated · shortfall amount: 56511950.72 · stated on: 2021-01-25 · table missing: