British Columbia · Receivership (court-appointed)
Notice of Application - Respondents (re redemption et al)
Application / notice of application · 24 August 2026
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Receiver reports that, given the Bank's indebtedness is approximately $11 million, the Bank is expected to suffer a material shortfall and no other creditors will receive any recovery if the proposed sale and distribution proceed. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: National Bank of Canada · creditor name: National Bank of Canada · interim final: unstated · related party: false · claims qualifier: unstated; basis: estimated · quote: The Receiver reports that, given the Bank's indebtedness is approximately $11 million, the Bank is expected to suffer a material shortfall and no other creditors will receive any recovery if the proposed sale and distribution proceed. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors · interim final: unstated · conditional on: if the proposed sale and distribution proceed · claims qualifier: unstated; basis: unstated · quote: The Debtors deny that the anticipated shortfall to the Bank justifies extinguishing the De r, re r r b rb reon completes, the Bank can be paid in full, the Receiver's borrowings and proper charges can be addressed, and the proposed sale and distribution would be unnecessary. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: National Bank of Canada · creditor name: National Bank of Canada · interim final: unstated · related party: false · conditional on: if refinancing/redemption completes · claims qualifier: unstated · table missing: