Ontario · NOI
Supplement to the First Report of Richter Advisory Group Inc. in its capacity as Trustee under the Notice of Intention to Make a Proposal – dated November 5, 2021
Court officer report · 5 November 2021
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- purchaser1000003509 Ontario Limited
- recovery outcomeentries: basis: liquidation_alternative · quote: Based on the Liquidation Analysis, which, among other things, considers the findings from the Appraisal Report, the Trustee estimates that the recoveries from the Company's assets in a liquidation, net of any costs of realization, would result in a significant shortfall to FCC. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: Farm Credit Canada · creditor name: Farm Credit Canada · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Consequently, the Trustee estimates that, in a liquidation scenario, there would be no funds available from realizing on the Company's assets to satisfy obligations owing to any of Junction's creditors ranking subordinate to FCC, its unsecured creditors, or its shareholders. · pct of: unstated · outcome: nil · class key: equity · stated by: trustee · class label: creditors ranking subordinate to FCC, unsecured creditors, or shareholders · interim final: unstated · claims qualifier: unstated · stated on: 2021-11-05 · table missing:
- sale advisorLeveredge Assets Solutions Inc.
- sale outcometext: Sale Process approved with stalking horse bid; agreement amended and restated pending Court approval · scope: whole_business · status: pending_approval
- stalking horse1000003509 Ontario Limited