Ontario · Receivership (court-appointed)
Fourth Interim Report of the Receiver - Section 246(2) of the BIA
Court officer report · 5 April 2022
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: Before any potential recoveries that may arise from the Receiver's Action or from other claims that may be commenced by the Receiver, the estimated shortfall to Secured Creditors is expected to be in excess of US$100 million. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: receiver · class label: Secured Creditors · interim final: unstated · currency quote: US$100 million · claims qualifier: unstated · shortfall amount: 100000000; basis: estimated · quote: Accordingly, there will be no funds available for distribution to unsecured creditors unless recoveries from the Receiver's Action and any other claims that may be commenced by the Receiver exceed US$100 million. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · conditional on: unless recoveries from the Receiver's Action and any other claims that may be commenced by the Receiver exceed US$100 million · claims qualifier: unstated · stated on: 2021-04-05 · table missing: