British Columbia · CCAA
Third Report of the Monitor
Court officer report · 18 December 2019
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: having regard to the generally illiquid nature of the Residual Assets, taken together with the quantum of the estimated shortfall that will experienced by the Noteholders even assuming those assets could be liquidated at the high end of the range, conducting a sale process for the Residual Assets would result in significant incremental costs and would be highly unlikely to result in recoveries in excess of the amount due to the Noteholders; · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Noteholders · creditor name: Noteholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: all Crown Priority Claims that were outstanding as at the Filing Date shall be paid in full by the Monitor on behalf of the Petitioners, from the Priority Claim Reserve within six months after the Sanction Order, as required by subsection 6(3) of the CCAA; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated · stated on: 2019-12-18 · table missing: