What we verified from this filing5 verified
- closing confirmedscope: substantially all of the assets of the Applicants, except for the Carpet Inventory, the accounts receivable and cash and cash equivalents · outcome: completed · effective: 2018-03-07 · purchaser: Loxcreen Canada Ltd. d/b/a MD Canada · date basis: stated · approval order date: 2018-02-27; scope: the Carpet Inventory · outcome: completed · effective: 2018-03-22 · purchaser: Lanart Rug Inc. · date basis: stated · approval order date: 2018-03-22
- purchaserLoxcreen Canada Ltd. d/b/a MD Canada; Lanart Rug Inc.
- recovery outcomeentries: basis: estimated · quote: As the Bank will incur a significant shortfall, there will be no remaining funds for a distribution to the unsecured creditors of the Companies. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: the Bank · creditor name: the Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As the Bank will incur a significant shortfall, there will be no remaining funds for a distribution to the unsecured creditors of the Companies. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: the unsecured creditors of the Companies · interim final: unstated · claims qualifier: unstated · stated on: 2018-05-01 · table missing:
- sale advisorLincoln International LLC
- sale outcometext: Both the Loxcreen Transaction and the Lanart Transaction have closed · scope: whole_business · status: closed