Ontario · Receivership (court-appointed)
Second Report of the Receiver (June 10, 2019)
Court officer report · 10 June 2019
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: At present, in light of the quantum of secured claims asserted by the Primary Secured Creditors, the Receiver believes it is unlikely that there will be sufficient proceeds to make any distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 259000000 · interim final: unstated · claims qualifier: listed; basis: estimated · quote: Based on the relative priorities described above, the Receiver seeks the Court's approval to make an interim distribution or distributions to Corner Flag to repay the approximately $3.3 million owed to Corner Flag, plus interest and other associated chargeable amounts, in satisfaction of all amounts owing by the Company in respect of the Receiver's Term Sheet. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 3300000 · amount high: 3300000 · class label: Corner Flag · creditor name: Corner Flag · interim final: interim · claims qualifier: unstated · stated on: 2019-06-10 · table missing: