Ontario · Receivership (court-appointed)
Second report of the Receiver dated January 12, 2016
Court officer report · 12 January 2016
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What we verified from this filing7 verified · 1 withheld
- operational summaryAMPL ceased operations at the end of February 2015 and its facility has remained idle; the Receiver has been maintaining the premises and conducting a court-approved sales process, culminating in a purchase agreement for the premises and assets awaiting court approval.
- process resultsbids: 5
- professional feesnote: Amount advanced by BMO under the Receiver's Charge for fees and disbursements incurred to November 30, 2015; unpaid fees of the Receiver and its counsel remain to be taxed by the Court. · party: Receiver (Albert Gelman Inc.) · amount: 147875.7 · period: to November 30, 2015 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: BMO, as the first ranking secured creditor of the Debtors, has consented to the sale notwithstanding it will result in a substantial shortfall on their claims; and, · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO, as the first ranking secured creditor · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated · stated on: 2016-01-12 · table missing:
- report date12 January 2016
- report noSecond Report
- sale outcometext: the Receiver has selected a Purchase Agreement and recommends the Court approve the Transaction · scope: whole_business · status: pending_approval
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.