Ontario · Receivership (court-appointed)
Trustee's Preliminary Report to the Creditors, dated February 23, 2024
Court officer report · 23 February 2024
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: The Bank will suffer a significant shortfall on it's advances to the Mundo Group once the realization of all assets is completed. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: Royal Bank of Canada · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Accordingly, there will are no assets available for distribution to creditors after the costs of the administration of the bankruptcy have been covered. · pct of: unstated · outcome: nil · stated by: trustee · class label: creditors · interim final: unstated · conditional on: after the costs of the administration of the bankruptcy have been covered · claims qualifier: unstated · stated on: 2024-02-23 · table missing: