Alberta · Bankruptcy
Third Report of the Court Appointed Trustee
Court officer report · 13 January 2015
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: 16.1. The Participating Creditors will be paid the full amount of their claims and the S. 38 Costs, less the levy payable to the OSB; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · class label: Participating Creditors · claims amount: 351962 · creditor name: Participating Creditors · interim final: unstated · claims qualifier: proven; basis: estimated · quote: As noted therein, the Trustee estimates that, if the Settlement Agreement is approved, the NonParticipating Creditors will receive dividends of $444,388, or approximately 50% of their proven claims; whereas, if the S. 38 Action had not been commenced, is discontinued or is unsuccessful, the Non-Participating Creditors would receive dividends of approximately $242,098, or 27% of their proven claims. · pct of: proven_claims · outcome: distribution · pct low: 50 · currency: CAD · pct high: 50 · class key: unsecured · stated by: trustee · amount low: 444388 · amount high: 444388 · class label: Non-Participating Creditors · creditor name: Non-Participating Creditors · interim final: unstated · conditional on: if the Settlement Agreement is approved · currency quote: All amounts are in Canadian dollars, unless otherwise indicated. · claims qualifier: unstated; basis: actual · quote: The Interim Distribution represented a payment of approximately 18% of the proven unsecured claims at that time. · pct of: proven_claims · outcome: distribution · pct low: 18 · currency: CAD · pct high: 18 · class key: unsecured · stated by: trustee · amount low: 198092 · amount high: 198092 · class label: ordinary unsecured creditors · interim final: interim · currency quote: All amounts are in Canadian dollars, unless otherwise indicated. · claims qualifier: unstated; basis: unstated · quote: 17.2. No funds will be distributed to Invesco pursuant to the Settlement Agreement unless the Damages are paid or the Set-Off Order is varied; and · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Invesco (BC Claim) · creditor name: Invesco · interim final: unstated · conditional on: unless the Damages are paid or the Set-Off Order is varied · claims qualifier: unstated · stated on: 2015-01-13 · table missing: