Alberta · Receivership (court-appointed)

Dax Air - Notice of Application Dated March 5, 2020

Application / notice of application · 5 March 2020

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

secured creditorsnote: Stellar One's indebtedness to Servus expected to be in the range of $14.5 to $16 million after completion of sale of 190's hotels (approximate, forward-looking range, not a stated balance) · page: 2 · as of: expected upon completion of hotel sale · debtor: Stellar One Holdings Ltd. · creditor: Servus Credit Union · currency: CAD · security: General security agreement over all present and after-acquired property of Stellar One Holdings Ltd. (charging all assets); guarantee of 1905393 Alberta Ltd. indebtedness