Alberta · Receivership (court-appointed)
Application - SAVO, Approval of Fees etc. (April 22, 2024)
Application / notice of application · 22 April 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The Receiver is hereby authorized and empowered to make an interim distribution to CFCU from the net proceeds of sale received by the Receiver under the Sale Agreement in an amount not to exceed $6,400,000; provided however that the Receiver is authorized and directed to holdback an amount to be determined by the Receiver, in its sole discretion, to be retained to cover any future costs of administration of the within proceedings and any potential priority claims. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · cumulative: false · amount high: 6400000 · class label: CFCU · creditor name: Connect First Credit Union · interim final: interim · conditional on: the Receiver is authorized and directed to holdback an amount to be determined by the Receiver, in its sole discretion, to be retained to cover any future costs of administration of the within proceedings and any potential priority claims · claims qualifier: unstated · table missing: