British Columbia · Receivership (court-appointed)
The purpose of this first report of the Proposal Trustee (the “First Report”) is to advise the Supreme Court of British Columbia with respect to, inter alia, the following: a. the background of Western Concord; b. the financial position and causes of insolvency; c. the assets and liabilities of the Companies; d. the activities undertaken by the Proposal Trustee in accordance with the provisions of the BIA; e. the Companies’ projected cash flows for the period from December 11, 2017 to February 25, 2018 (the “First Report Cash Flow Forecast”); f. the Companies request for an extension of the deadline to file proposals by 45 days to February 21, 2018 (the “Extended Deadline”); g. the Proposal Trustee’s Recommendations
Court officer report · 18 December 2017
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