Ontario · Receivership (court-appointed)

Motion Record of the Receiver (Returnable May 29, 2023) dated

Application / notice of application · 24 May 2023

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: CWB is expected to suffer a significant shortfall in the recovery of its secured indebtedness and is the only party with an economic interest in the Sale Transaction; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Canadian Western Bank · creditor name: Canadian Western Bank (CWB) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the Receiver's initial review of the potential realizations from the Companies' assets and operations, CWB will likely suffer a significant shortfall on its security. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Canadian Western Bank · creditor name: Canadian Western Bank (CWB) · interim final: unstated · claims qualifier: unstated · stated on: 2023-05-23 · table missing: