Ontario · Receivership (court-appointed)
First Interim Report of the Receiver – dated February 21, 2017
Court officer report · 21 February 2017
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: unstated · quote: Accordingly, there will be no funds available to support a distribution to the Company's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The realizations from the sale of the Property will be insufficient to repay, in full, the secured claims of Salus Capital Partners, LLC ( 'Salus' ). · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Salus Capital Partners, LLC · creditor name: Salus Capital Partners, LLC · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As detailed in the Interim R&D, interim distributions in the aggregate amount of approximately $13.3 million have been made to Salus in respect of its secured claims against the Company. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 13300000 · cumulative: true · amount high: 13300000 · class label: Salus · creditor name: Salus · interim final: interim · claims qualifier: unstated · table missing: