Alberta · Receivership (court-appointed)
Second and Final Report of the Receiver
Court officer report · 6 June 2025
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: liquidation_alternative · quote: In a bankruptcy scenario for Catalx there is no anticipated recovery for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: It is the Proposal Trustee's view that in the case of a bankruptcy, there would be no recoveries available to the unsecured creditors as: · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · conditional on: if Mr. Park's claim is deemed a valid and enforceable secured claim · claims qualifier: unstated; basis: plan · quote: The distributions are not expected to be significant, and the Report estimates that $111,520 may be available for distribution to the creditors through the Proposal. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 111520 · amount high: 111520 · class label: unsecured creditors · interim final: unstated · conditional on: dependent on costs incurred to administer the Proposal and the quantum of claims filed · claims qualifier: unstated · stated on: 2025-06-06 · table missing: