Alberta · Receivership (court-appointed)
First Interim Report of the Receiver – dated October 27, 2016
Court officer report · 27 October 2016
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 filing7 verified
- appointeeRichter Advisory Group Inc.
- appointee rolereceiver and manager
- commencement date27 April 2016
- courtCourt of Queen's Bench of Alberta
- provinceAlberta
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, and section 13(2) of the Judicature Act
- recovery outcomeentries: basis: estimated · quote: The realizations from the sale of the Property will be insufficient to pay, in full, the secured claim of BMO. Accordingly. there are no funds available to support a distribution to the Company's unsecured creditors · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The realizations from the sale of the Property will be insufficient to pay, in full, the secured claim of BMO. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated · stated on: 2016-10-27 · table missing: