Alberta · Receivership (court-appointed)
Innova Global et al- Third Report to the Court
Court officer report · 25 March 2021
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: estimated · quote: The Lenders are expected to face a substantial shortfall on their security in excess of $50 million, and therefore no distributions to unsecured creditors are expected in these Receivership Proceedings. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Lenders · creditor name: Lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Lenders are expected to face a substantial shortfall on their security in excess of $50 million, and therefore no distributions to unsecured creditors are expected in these Receivership Proceedings. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-03-25 · table missing: