Alberta · Receivership (court-appointed)
Fourth Report of the Receiver
Court officer report · 11 July 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: On October 28, 2021, this Honourable Court approved the payment of an interim distribution to RBC of $5 million, and the Receiver paid these amounts shortly thereafter. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 5000000 · cumulative: false · amount high: 5000000 · class label: RBC · creditor name: Royal Bank of Canada · interim final: interim · currency quote: $CAD · claims qualifier: unstated; basis: estimated · quote: The Receiver is proposing the RBC Final Distribution in the approximate amount of $1,459,780, plus any remaining net sale proceeds obtained from closing the transaction that is the subject of the Sale Agreement after the payment of any outstanding priority payables, including any amounts the Receiver has borrowed for which it has issued a Receiver's Certificate pursuant to the Consent Receivership Order. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 1459780 · cumulative: false · amount high: 1459780 · class label: RBC · creditor name: Royal Bank of Canada · interim final: final · currency quote: $CAD · claims qualifier: unstated; basis: actual · quote: On October 28, 2021, this Honourable Court approved the payment of the lien amounts owed to the People's G.K. Lienholders and the Receiver paid these amounts shortly thereafter. · pct of: unstated · outcome: paid_in_full · class key: pmsi_lessor · stated by: receiver · class label: People's G.K. Lienholders · interim final: unstated · claims qualifier: unstated · stated on: 2022-07-11 · table missing: