Alberta · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 14 June 2017
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 filing1 verified
- recovery outcomeentries: basis: unstated · quote: The statement of affairs demonstrates to creditors of VHO and Dolomite that there would be approximately $2 million and $100,000 available to the secured creditors of VHO and Dolomite, respectively, and that the secured creditors would be experiencing a significant shortfall on its security, thereby leaving no recoveries to VHO's and Dolomite's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Municipalities and Surface Leaseholders (unsecured claims) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The statement of affairs demonstrates to creditors of VHO and Dolomite that there would be approximately $2 million and $100,000 available to the secured creditors of VHO and Dolomite, respectively, and that the secured creditors would be experiencing a significant shortfall on its security, thereby leaving no recoveries to VHO's and Dolomite's unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: secured creditors of VHO and Dolomite · interim final: unstated · claims qualifier: unstated · table missing: