Alberta · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 26 June 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Based on the Proposal Trustee's statement of estimated realization, unsecured creditors with a claim of $500 or less (the ' Convenience Class ') will receive 100% of their proven claim and all other unsecured creditors are expected to receive 6.3% of their proven claim. · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: proposal_trustee · class label: Convenience Class (unsecured creditors with claims of $500 or less) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the Proposal Trustee's statement of estimated realization, unsecured creditors with a claim of $500 or less (the ' Convenience Class ') will receive 100% of their proven claim and all other unsecured creditors are expected to receive 6.3% of their proven claim. · pct of: proven_claims · outcome: distribution · pct low: 6.3 · pct high: 6.3 · class key: unsecured · stated by: proposal_trustee · class label: Other unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver estimates that White Oak forgoing a dividend will result in a 6.2% recovery to unsecured creditors (not including creditors in the convenience class) as set out below: · pct of: unstated · outcome: distribution · pct low: 6.2 · pct high: 6.2 · class key: unsecured · stated by: receiver · class label: Unsecured creditors (not including creditors in the convenience class) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Proposal Trustee is of the view that in a bankruptcy asset sale, it would be unlikely that any offers are made which would exceed the White Oak secured debt of $29.8 million and unsecured creditors of Eagle Energy would receive no recovery (highest cash bid for the Canadian assets was $9.1 million. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured creditors of Eagle Energy (in a bankruptcy asset sale) · interim final: unstated · claims qualifier: unstated · table missing: