Ontario · Receivership (court-appointed)
Supplementary Motion Record Mar 22 21 re Thirteenth Report - VOL 1 OF 2
Application / notice of application · 22 March 2021
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: While the Thirteenth Report is silent on the issue of distribution to Banwell's unsecured creditors, I understand from my discussions with the Receiver that there will be a substantial shortfall in the payment of the principal owing to Banwell's unsecured creditors, with recoveries presently expected to be less, and possibly substantially less, than 50% of the principal debt. · pct of: principal · outcome: shortfall · pct low: 50 · pct high: 50 · class key: unsecured · stated by: unstated · class label: Banwell's unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-03-22 · table missing: