What we verified from this filing5 verified
- process resultsbids: 1 · note: Elkford Lands showings and offeror interest
- purchaserprice: note: Price details are contained in the sealed February Confidential Affidavit · sealed: true · scope: the Elkford Lands · status: proposed · name note: unnamed offeror for the Elkford Lands · structure: real_property · name source: recital · relationship: unstated; price: note: amended terms of sale set out in an Amending Agreement dated January 8, 2016; price contained in sealed January Confidential Affidavit · sealed: true · scope: the District Office · status: proposed · name note: unnamed purchaser of the District Office · structure: real_property · name source: recital · relationship: unstated · agreement date: 2016-01-08
- recovery outcomeentries: basis: estimated · quote: (approximately 62% of all District Depositors) being paid in full and 10 Trades (approximately 77% of all Trades) being paid in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: District Depositors and Trades (Convenience Payments) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the Monitor currently estimates that Eligible Affected Creditors who are not paid in full by the Convenience Payments will receive cash distributions of between approximately 15% and 20% of their remaining proven claims after deducting the Convenience Payments. · pct of: proven_claims · outcome: distribution · pct low: 15 · pct high: 20 · class key: unsecured · stated by: monitor · class label: Eligible Affected Creditors (not paid in full by Convenience Payments) - cash distribution from Non-Core Assets · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Monitor currently estimates that Eligible Affected Creditors will receive NewCo Shares valued at between 53% and 60% of their remaining proven claims after deducting the Convenience Payments. · pct of: proven_claims · outcome: distribution · pct low: 53 · pct high: 60 · class key: unsecured · stated by: monitor · class label: Eligible Affected Creditors (not paid in full by Convenience Payments) - NewCo Shares distribution · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The payments in 23.2 and 23.3 are anticipated to provide Eligible Affected Creditors, who are not paid in full by the Convenience Payments, with distributions valued at between 68% and 80% of their remaining proven claims, after deducting the Convenience Payments. · pct of: proven_claims · outcome: distribution · pct low: 68 · pct high: 80 · class key: unsecured · stated by: monitor · class label: Eligible Affected Creditors (not paid in full by Convenience Payments) - combined cash and NewCo Shares · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Once the Fort McMurray Property is sold, it is anticipated that the corresponding mortgage will be paid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Fort McMurray Property mortgage · interim final: unstated · claims qualifier: unstated · stated on: 2016-02-18 · table missing:
- sale advisorRoyal LePage - East Kootenay
- sale outcometext: District seeking Court approval for the Elkford Sale and District Office sale at the February 23 Hearing · scope: parcel · status: pending_approval