British Columbia · CCAA
Notice of Application - re Stay Extension and Distribution
Application / notice of application · 24 January 2025
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Even after such distribution, the Bank is expected to suffer a material shortfall as it is owed over $21 million, plus interest. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Canadian Western Bank · creditor name: Canadian Western Bank · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Monitor requests the Court approval to make a final distribution of the proceeds from the Real Estate Transaction to the Bank in the amount of approximately $6,530,000, which is to be distributed to the Bank in partial satisfaction of the indebtedness owing to them by JRG Cloverdale Holdings Ltd. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 6530000 · amount high: 6530000 · class label: Canadian Western Bank · creditor name: Canadian Western Bank · interim final: final · claims qualifier: unstated · table missing: