British Columbia · Bankruptcy
Tenth Report of the Receiver
Court officer report · 6 June 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 filing9 verified
- applicantGOVERNMENT OF YUKON AS REPRESENTED BY THE MINISTER OF THE DEPARTMENT OF ENERGY, MINES AND RESOURCES
- courtSUPREME COURT OF YUKON
- court file noS.C. No.19-A0067
- commencement date13 September 2019
- cash on handnote: Amount held in trust by the Receiver for distribution to the secured creditors, realized through the Logan Transaction; this is the sale proceeds held in trust, not a general cash balance. · amount: 121059.5 · currency: CAD
- operational summaryThe Receiver closed the Logan Transaction sale to Almaden, settled the water treatment equipment dispute among Welichem, YG and the Receiver, and is seeking to distribute the limited sale proceeds to Fasken and A&M and to approve its activities and accounts.
- recovery outcomeentries: basis: estimated · quote: Current funds available for distribution will be insufficient to satisfy the claims of Fasken and A&M in full. · pct of: unstated · outcome: shortfall · class key: court_charges · stated by: receiver · amount low: 121059.5 · amount high: 121059.5 · class label: Fasken and A&M (administration charge) · claims amount: 238861.16 · interim final: unstated · conditional on: pari passu reduction of each firm's claim · claims qualifier: unstated · stated on: 2022-06-06 · table missing:
- report date6 June 2022
- report noTenth Report