Alberta · Receivership (court-appointed)
Application Record re Motion returnable January 20, 2023
Application / notice of application · 20 January 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: (a) $6.2 million, plus interest and costs that accrue after December 21, 2022, payable to BMO for amounts borrowed by the Receiver pursuant to the Receiver's Certificates and secured by the Receiver's Borrowings Charge; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 6200000 · amount high: 6200000 · class label: BMO (amounts borrowed under Receiver's Certificates, secured by Receiver's Borrowings Charge) · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (b) $3.4 million, plus interest and costs that accrue after December 21, 2022, payable to BMO for amounts advanced by BMO in the NOI Proceedings and secured by the Interim Financing Charge; and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 3400000 · amount high: 3400000 · class label: BMO (amounts advanced in the NOI Proceedings, secured by Interim Financing Charge) · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Notwithstanding the distributions contemplated under the proposed Discharge Order, BMO will suffer a significant shortfall on the BMO PreFiling Indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount high: 16300000 · class label: BMO Pre-Filing Indebtedness · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (f) declaring that Kettle River Contracting Limited Partnership, by its general partner Kettle River GP Ltd. (" Kettle River "), has no entitlement to any of the funds comprising the Distributions; · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Kettle River Contracting Limited Partnership · creditor name: Kettle River Contracting Limited Partnership · interim final: unstated · claims qualifier: unstated · table missing: