British Columbia · Bankruptcy
AOSI - Trustee's Preliminary Report
Court officer report · 10 August 2023
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 filing5 verified
- cash on handnote: Also US$284.39 cash on hand at the date of bankruptcy; the estimated realizable value of the AUH Equity Interests is nil. · as at: 2023-07-21 · amount: 8001.93 · currency: CAD
- operational summaryAOSI is a bankrupt Canadian affiliate whose only assets are minimal cash and nil-value equity interests. Its US affiliates (REIT1 and REIT2) are winding down operations and negotiating the surrender or disposal of the remaining properties, and no distribution to unsecured creditors is anticipated.
- professional feesnote: This is a fee guaranty cap and deposit provided by REIT1, covering the statutory administration of the ART, AOSI and certain other Canadian affiliate bankruptcies in the aggregate. It excludes fees and expenses of the Trustee or its counsel to pursue claims or causes of action. It is not a statement of fees incurred. · party: FTI Consulting Canada Inc. (Trustee) · amount: 300000 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Accordingly, it is anticipated that there will be no distribution to unsecured creditors of AOSI. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-08-10 · table missing:
- report date10 August 2023