Alberta · Receivership (court-appointed)

Notice and Statement of Receiver (245/246) - Crossline Truck & Auto Sales Ltd.

Notice to creditors · 24 May 2018

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing1 verified

financial positionnote: Estimated Realization Value table: Cash nil; Accounts Receivable TBD; Vehicles 1,900,000; Total 1,900,000. Total liabilities not stated as a single figure; secured creditors listed at 22,341,262.33 (ATB) with CRA and RIFCO 'To be determined'; unsecured creditor listing totals 65,980.11 as of May 18, 2018. No as-at date is given for the realization estimate (receiver took possession May 18, 2018; notice dated May 24, 2018). · basis: Receiver's estimated realization values of the property (not book value); accounts receivable listed as TBD · scope: Crossline Truck & Auto Sales Ltd. (single entity, in receivership) · currency: CAD · total assets: 1900000