British Columbia · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · undated
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Based on the Wells Fargo Claim having been paid in full by the US Receiver, the Receiver anticipates that the surplus funds in the estates once the Geodis lien and the Deans Knight have been repaid will exceed the costs of administering the estates to their conclusion. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Wells Fargo Claim · creditor name: Wells Fargo Bank, N.A. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Geodis Lien Claim | | (301) | (301) | · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 301000 · amount high: 301000 · class label: Geodis Lien Claim · creditor name: Geodis Logistics LLC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: After payment of accrued professional fees of $93,000, estimated costs to complete administration of the two receivership estates of $150,000 and payment of the Geodis Lien Claim, it is estimated that there will be net proceeds available for distribution to secured creditors of approximately $12.1 million. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 12100000 · amount high: 12100000 · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Deans Knight secured convertible debentures | (10,772) | | (10,772) | · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 10772000 · amount high: 10772000 · class label: Deans Knight secured convertible debentures · creditor name: Deans Knight Capital Management Limited · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: After repayment of Deans Knight, it is estimated that there will be approximately $1.3 million available to subordinate secured creditors. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1300000 · amount high: 1300000 · class label: subordinate secured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2017-06-19 · table missing: