Alberta · Receivership (court-appointed)
Supplemental Report to the First Report of the Trustee
Court officer report · 17 April 2025
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: During the Receivership Proceedings, CWB was repaid in full and a distribution of $2.0 million was made to Crown LP (payment was made on August 25, 2022) in respect of its senior secured second lien debt, leaving Crown LP with a significant shortfall of approximately $20.7 million of senior secured debt owing to it and nil recovery to the unsecured creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: CWB · creditor name: CWB · interim final: unstated · related party: false · claims qualifier: unstated; basis: actual · quote: During the Receivership Proceedings, CWB was repaid in full and a distribution of $2.0 million was made to Crown LP (payment was made on August 25, 2022) in respect of its senior secured second lien debt, leaving Crown LP with a significant shortfall of approximately $20.7 million of senior secured debt owing to it and nil recovery to the unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: Crown LP · creditor name: Crown LP · interim final: unstated · claims qualifier: unstated · shortfall amount: 20700000; basis: actual · quote: During the Receivership Proceedings, CWB was repaid in full and a distribution of $2.0 million was made to Crown LP (payment was made on August 25, 2022) in respect of its senior secured second lien debt, leaving Crown LP with a significant shortfall of approximately $20.7 million of senior secured debt owing to it and nil recovery to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-04-17 · table missing: