Alberta · Receivership (court-appointed)
3. Third Report of the Receiver
Court officer report · 12 April 2010
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Therefore the Receiver recommends making an interim distribution to HSBC in the amount of $1,000,000 which primarily relates to the recovery from the receivable from the City of Saskatoon. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1000000 · cumulative: false · amount high: 1000000 · class label: HSBC Bank Canada · creditor name: HSBC Bank Canada · interim final: interim · claims qualifier: unstated; basis: estimated · quote: Based on the recovery analysis set out in the Receiver's Second Report, which is consistent with the Receiver's current estimates, the recoveries to HSBC from Cerpro's assets will be less than the amount remaining outstanding with respect to its secured loans, accordingly, there will be no recovery to Cerpro's remaining creditors. · pct of: unstated · outcome: nil · stated by: receiver · class label: Cerpro's remaining creditors · interim final: unstated · claims qualifier: unstated · stated on: 2010-04-12 · table missing: