Alberta · Receivership (court-appointed)

Application for Receiver filed April 13, 2021

Application / notice of application · 13 April 2021

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: If a Receiver is not appointed, and the Litigation is not pursued effectively, there is a real risk BMO will suffer a large shortfall on its security; · pct of: unstated · outcome: shortfall · class key: secured · stated by: debtor · class label: BMO (secured lender) · creditor name: Bank of Montreal · interim final: unstated · related party: false · conditional on: If a Receiver is not appointed, and the Litigation is not pursued effectively · claims qualifier: unstated · table missing: