British Columbia · CCAA
Notice of Application for February 25, 2026 Hearing
Application / notice of application · 25 February 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: It is expected RBC will suffer a shortfall on this secured debt. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: RBC · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given this, the Monitor does not expect any recovery to be available to unsecured creditors from proceeds of the Insurance Claims, and the proposed assignment will not prejudice other stakeholders. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Monitor is hereby authorized to make an interim distribution to Royal Bank of Canada ( RBC ) in the total amount of $2,500,000 in respect of amounts owing to RBC (the 'Distribution'). · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 2500000 · amount high: 2500000 · class label: RBC · creditor name: Royal Bank of Canada · interim final: interim · claims qualifier: unstated · stated on: 2026-02-19 · table missing: