Ontario · Receivership (court-appointed)

Motion Record (Motion Returnable May 25, 2023)

Application / notice of application · 19 May 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 filing1 verified

recovery outcomeentries: basis: estimated · quote: The Receiver has reported that it has substantially completed all of its activities in respect of the Debtors, and has reported that KMG's secured lenders (the 'Secured Lenders') will suffer a significant shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured Lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver has also reported that unsecured creditors will not receive any distributions; · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: