Alberta · Bankruptcy
Trustee's Preliminary Report- Sequoia Resources- First Meeting of Creditors
Court officer report · 1 October 2016
What we verified from this filing6 verified
- secured creditorsnote: Largest known secured creditor; $450,000.00 held in trust by Trustee pending completion of independent security review of Mercuria's security; legal counsel opinion on validity/enforceability pending. · page: 4 · as of: 2018-04-09 · amount: 447846.21 · debtor: Sequoia Resources Corp. · creditor: Mercuria Commodities Canada Corporation · currency: CAD
- secured creditorsnote: Aggregate of 40 liens received as of April 9, 2018; individual amounts not itemised in this document. · page: 4 · as of: 2018-04-09 · amount: 331104 · debtor: Sequoia Resources Corp. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: 40 liens received by the Trustee, in the aggregate
- secured creditorsnote: Total secured claims filed as reported in Trustee's Preliminary Report creditor summary; not itemised by individual creditor beyond Mercuria and the aggregate liens noted above. · page: 5 · as of: claims filed prior to meeting · amount: 7054630 · debtor: Sequoia Resources Corp. · creditor: Secured creditors (aggregate, claims filed prior to meeting) · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors. · page: 5 · as of: claims filed prior to meeting · basis: Claims of creditors filed prior to the meeting, as reported by Trustee · amount: 237393343 · debtor: Sequoia Resources Corp. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Preferred class under BIA; ranks ahead of ordinary unsecured claims. Document names no individual creditors. · page: 5 · as of: claims filed prior to meeting · basis: Claims of creditors filed prior to the meeting, as reported by Trustee · amount: 53745 · debtor: Sequoia Resources Corp. · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Until the magnitude of claims has been resolved and the required field safety work is completed, the Trustee is not in a position to determine the likelihood of any distributions. · pct of: unstated · outcome: undetermined · stated by: trustee · class label: creditors (general) · interim final: unstated · conditional on: until the magnitude of claims has been resolved and the required field safety work is completed · claims qualifier: unstated · table missing: