Ontario · Receivership (court-appointed)
Application Record of BMO dated October 6, 2020 (Pt. 1)_R.pdf
Application / notice of application · 6 October 2020
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: The Applicant is projected to suffer a significant shortfall on the indebtedness owing to the Applicant by the Debtor and Westbury NY, and it is anticipated that there will be no proceeds left over for other creditors, shareholders or other lower ranking stakeholders. · pct of: unstated · outcome: shortfall · class key: secured · stated by: debtor · class label: Bank of Montreal · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Applicant is projected to suffer a significant shortfall on the indebtedness owing to the Applicant by the Debtor and Westbury NY, and it is anticipated that there will be no proceeds left over for other creditors, shareholders or other lower ranking stakeholders. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: other creditors, shareholders or other lower ranking stakeholders · interim final: unstated · claims qualifier: unstated · table missing: