Alberta · Receivership (court-appointed)
Bench Brief in Support of Application to Appoint Receiver dated April 7, 2021
Application / notice of application · 7 April 2021
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Conversely, if a Receiver is not appointed, and the Litigation is not properly managed by a Receiver, BMO will likely suffer a substantial shortfall on its security through an inability realize on the Litigation. · pct of: unstated · outcome: shortfall · class key: secured · stated by: unstated · class label: BMO · creditor name: Bank of Montreal · interim final: unstated · conditional on: if a Receiver is not appointed and the Litigation is not properly managed by a Receiver · claims qualifier: unstated; basis: estimated · quote: ATB's security documents contemplated court appointing receiver-manager on companies' default, companies had defaulted, and ATB was almost certain to experience shortfall · pct of: unstated · outcome: shortfall · class key: secured · stated by: court · class label: ATB · creditor name: Alberta Treasury Branches · interim final: unstated · claims qualifier: unstated · table missing: