Alberta · Receivership (court-appointed)
Second Report of the Receiver_Vol 1
Court officer report · 21 February 2020
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Pursuant to the Credit Bid approved by the Court on July 19, 2019, RJ assumed the deemed trust claim of CRA and based on an agreement with CRA, RJ is making monthly payments to CRA for the next 2 years until CRA's deemed trust claim is paid in full. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: receiver · class label: CRA deemed trust claim (assumed by RJ) · claims amount: 972554.11 · creditor name: Canada Revenue Agency · interim final: unstated · related party: false · claims qualifier: unstated; basis: unstated · quote: The Receiver is of the view that at a minimum, the remaining indebtedness due to RJ totals $3.28 million. Accordingly, even if the Receiver/Trustee is successful in recovering $1.74 million from Technologies/Kos Corp/Artie Kos, there remains a significant shortfall on RJ's secured claim. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RJ secured claim · creditor name: RJ Enterprises Inc. · interim final: unstated · related party: false · claims qualifier: unstated · shortfall amount: 3280000; basis: unstated · quote: In light of the foregoing, there is no possibility of any recovery by Kos Corp. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Kos Corp secured claim · creditor name: Kos Corp · interim final: unstated · claims qualifier: unstated · table missing: