Alberta · Bankruptcy
Notice of Application (September 2, 2020)
Application / notice of application · 2 September 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 filing13 verified · 1 withheld
- applicantALVAREZ AND MARSAL CANADA INC.
- courtCOURT OF QUEEN'S BENCH OF ALBERTA IN BANKRUPTCY AND INSOLVENCY
- court file no25-094627
- proceeding typebia_bankruptcy
- statutory basisIN THE MATTER OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c.B-3, AS AMENDED
- appointeeAlvarez and Marsal Canada Inc.
- appointee roletrustee in bankruptcy
- secured creditorsnote: Described as an inventory creditor; obtained interim receiver order on February 10, 2016 and applied to terminate the NOI proceedings. No claim amount stated. · page: 3 · debtor: Sunridge RV Inc. · creditor: Northpoint Commercial Finance LLC · currency: CAD · security: Northpoint inventory financing agreements (Northpoint Inventory)
- secured creditorsnote: Document states only that Servus claims a shortfall "in an amount in excess of all remaining proceeds currently held by the Trustee" (proceeds held: $350,750); no balance is stated. Priority dispute with TCF, Receiver and Trustee settled subject to one condition (allocation of Priority Claims among Servus, TCF and Northpoint). · page: 4 · debtor: Sunridge RV Inc. · creditor: Servus Credit Union Ltd. · currency: CAD
- secured creditorsnote: ALLEGED secured claim against the Lease Proceeds "in an amount in excess of the Lease Proceeds"; no amount stated. TCF obtained appointment of Deloitte as interim receiver (March 4, 2016) and receiver (March 23, 2016). Priority disputed, then settled with Servus and the Trustee. · page: 4 · debtor: Sunridge RV Inc. · creditor: TCF Commercial Finance Canada, Inc. · currency: CAD · security: TCF inventory financing agreements (TCF Inventory); alleged security over the Lease Proceeds
- secured creditorsnote: Stated as a "secured claim by WEPPA" (the WEPPA Claim); regulatory/statutory wage-protection claim, to be paid from the Bankruptcy Proceeds as a Priority Claim under the proposed order. No as-of date given. · page: 4 · amount: 66358 · debtor: Sunridge RV Inc. · creditor: WEPPA (Wage Earner Protection Program Act) claim · currency: CAD
- secured creditorsnote: "Alleged claim by the Receiver under the Receivership Order"; no amount stated. Receiver was party to the priority dispute. · page: 4 · debtor: Sunridge RV Inc. · creditor: Receiver (Deloitte Restructuring Inc.) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: (c) a secured claim by WEPPA in the amount of $66,358 (the ' WEPPA Claim '); · pct of: unstated · outcome: paid_in_full · class key: weppa · stated by: trustee · amount low: 66358 · amount high: 66358 · class label: WEPPA · claims amount: 66358 · interim final: unstated · conditional on: Servus and TCF agreeing to allow payment of the Priority Claims from the Bankruptcy Proceeds provided all remaining proceeds are paid to Servus and TCF · claims qualifier: asserted · stated on: 2020-09-02 · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.