British Columbia · Receivership (court-appointed)
Notice of Application for Distribution and Discharge, returnable March 28, 2025.
Application / notice of application · 28 March 2025
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The BMO Distribution is estimated to be between $385,000 to $390,000, which would render a shortfall on the BMO Outstanding Debt in the sum of more than $1.7 million. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount low: 385000 · amount high: 390000 · class label: BMO · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated · shortfall amount: 1700000; basis: unstated · quote: the Receiver estimates unsecured creditors' claims total approximately $2,459,202 as at the Date of Receivership. Given that BMO is expected to suffer a shortfall in respect of the BMO Outstanding Debt, the Receiver has not reviewed the claims of the unsecured creditors, but has provided ad-hoc updates on the status of the Receivership Proceedings. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 2459202 · interim final: unstated · claims qualifier: estimated · table missing: