Alberta · Receivership (court-appointed)
Filed Approval and Vesting Order Auction Proposal
Approval and vesting order · 7 November 2019
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 filing7 verified
- closing termsVesting occurs upon McDougall paying the Net Sale Proceeds to the Receiver with an accounting and delivery of the Receiver's Closing Certificate
- order date7 November 2019
- presiding officerJustice M.J. Lema
- purchaserprice: note: Net Sale Proceeds to be paid by McDougall to the Receiver under the Auction Proposal; no amount stated in the order · sealed: false · scope: the Debtor's right, title and interest in the vehicles, equipment, trailers and miscellaneous assets (inventory, tools, small equipment and parts) described in Schedule "A" · status: approved · name note: end purchasers at auction, unnamed; McDougall Auctions Ltd. is the auctioneer under the Auction Proposal · structure: auction · name source: operative · relationship: unstated
- sale advisorMcDougall Auctions Ltd.
- sale outcometext: Court approved the Auction Proposal with McDougall Auctions Ltd. for the auction of the Debtor's equipment, rolling stock and miscellaneous assets · scope: liquidation · status: liquidation_in_progress
- sealed itemsAuction Proposal between the Receiver and McDougall Auctions Ltd. appended as Confidential Appendix "T"