Northwest Territories · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 15 August 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: $5,816.20 to Service Canada with regard to their super-priority pursuant to Section 81.3 of the BIA for amounts paid under the Wage Earner Protection Program Act with such amount derived from the Receiver's realizations from Current Assets; · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 5816.2 · amount high: 5816.2 · class label: Service Canada (WEPP super-priority) · creditor name: Service Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $1,484.44 to Canada Revenue Agency with regard to their Deemed Trust Claim; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 1484.44 · amount high: 1484.44 · class label: Canada Revenue Agency (Deemed Trust Claim) · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The remaining proceeds, currently estimated at $722,826 to BDIC on account of both repayment of the Receiver's Certificates and partial satisfaction of their secured indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount low: 722826 · amount high: 722826 · class label: BDIC (secured creditor / Receiver's Certificates) · creditor name: BDIC · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: However, as illustrated below, BDIC will suffer a material shortfall to its secured debt, therefore the Receiver is not contemplating a distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · conditional on: BDIC will suffer a material shortfall to its secured debt · claims qualifier: unstated · stated on: 2024-08-15 · table missing: