British Columbia · Receivership (court-appointed)
Filed Notice of Application dated September 25, 2026
Application / notice of application · 25 September 2026
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 filing4 verified
- applicantAlixPartners Restructuring, Inc.
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noS-267204
- recovery outcomeentries: basis: estimated · quote: The Receiver's estimated waterfall analysis contemplates that the first-ranking secured creditor, BMO, will be repaid in full, and Fulcrum, as the second-ranking secured creditor, is also anticipated to receive a distribution, albeit it will suffer a significant shortfall; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: BMO, first-ranking secured creditor · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver's estimated waterfall analysis contemplates that the first-ranking secured creditor, BMO, will be repaid in full, and Fulcrum, as the second-ranking secured creditor, is also anticipated to receive a distribution, albeit it will suffer a significant shortfall; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Fulcrum, second-ranking secured creditor · creditor name: Fulcrum · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As set out above, the Transaction is not anticipated to generate sufficient proceeds to repay Fulcrum's and Canstar Construction's secured indebtedness in full, such that no distribution would be available to unsecured creditors from the proceeds of the Transaction in any event · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: