Ontario · Receivership (court-appointed)
First Interim Report of the Receiver - Section 246(2) of the BIA
Court officer report · 26 August 2021
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
- recovery outcomeentries: basis: estimated · quote: Before any recoveries that may rise from potential claims against the D&O or other parties, the estimated shortfall to Secured Creditors is in excess of US$95 million. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: receiver · class label: Secured Creditors · interim final: unstated · currency quote: US$95 million · claims qualifier: unstated · shortfall amount: 95000000; basis: estimated · quote: Accordingly, there will be no funds available for distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-08-25 · table missing: