Alberta · Receivership (court-appointed)
Notice of Motion and First Report of the Receiver, dated November 25, 2009
Court officer report · 25 November 2009
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: estimated · quote: CONB Finance bondholders are demanding repayment, notwithstanding the shortfall they will incur; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: CONB Finance bondholders (secured by second mortgage) · creditor name: CONB Finance bondholders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: These events would create a situation whereby no funds would be available for distribution to the second mortgage. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: second mortgage · interim final: unstated · claims qualifier: unstated · table missing: