British Columbia · Receivership (court-appointed)
Ninth Report of the Reciever
Court officer report · 3 September 2013
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: As noted in the Chambers Affidavit, the Receiver expects that there will be a shortfall on the secured indebtedness owing by Tercon to the primary secured lenders and that there will be no monies available to unsecured creditors of Tercon. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured lenders (primary secured lenders) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver's expectation remains unchanged that there will be no monies available for unsecured creditors of Tercon. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of Tercon · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As previously reported, DHI will suffer a shortfall on its secured claims and, accordingly, no other creditor is adversely impacted by the payment of the Secured MRC Employee Claims. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: DHI (secured claims) · creditor name: DHI · interim final: unstated · claims qualifier: unstated · stated on: 2013-09-03 · table missing: