Alberta · Receivership (court-appointed)
Infinity Dental Group Third Court Report dated August 9, 2021
Court officer report · 9 August 2021
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: Attached as Appendix ' G ' is the Interim Distribution calculation reflecting a current bank balance of $3,300,000, provisions for future professional fees, and a proposed distribution of $2,650,000 to ATB, leaving a sufficient balance in the Receiver's trust account to address the remaining issues in the administration of the receivership such as resolving the claim against the Chao Lai Group and statutory filing requirements for the completion of the administration of the receivership. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 2650000 · cumulative: false · amount high: 2650000 · class label: ATB · creditor name: ATB Financial · interim final: interim · related party: false · claims qualifier: unstated · stated on: 2021-08-09 · table missing: