British Columbia · CCAA
Notice of Application, returnable May 10, 2024
Application / notice of application · 10 May 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: However, it is not anticipated that there will be any proceeds available for a distribution to WF Canada or any other lien holder as the purchase price of the HG Property is $864,000, and the amount owing to RBC and BDC under the RBC/BDC Mortgage is in excess of $10 million. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: WF Canada (and any other lien holder) under the HG Property Distribution · creditor name: WF Canada · interim final: unstated · related party: false · claims qualifier: unstated; basis: estimated · quote: However, as set out in the legal analysis below, these Crown Liens are subordinate to the RBC/BDC Mortgage and it is not anticipated that there will be any distribution available to the Crown Lien holders. · pct of: unstated · outcome: nil · stated by: debtor · class label: Crown Lien holders · creditor name: Province of British Columbia · interim final: unstated · related party: false · claims qualifier: unstated · table missing: