Alberta · Receivership (court-appointed)
Second Report of Receiver
Court officer report · 31 May 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: PCL knows that as an unsecured creditor it will unlikely recover any shortfall from Metro through the insolvency proceedings and so is taking reasonable steps to minimize the and deficient work. · pct of: unstated · outcome: shortfall · class key: unsecured · stated by: unstated · class label: unsecured creditor (PCL) · creditor name: PCL · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Notwithstanding that Metro owes amounts to the sub-subcontractors (which would have ordinarily been paid from the PCL funds), it is unlikely that any funds will flow down to the subsubcontractors as they are unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: sub-subcontractors · interim final: unstated · claims qualifier: unstated · table missing: