Alberta · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 1 February 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As a result of the Interim Distributions, Tallinn, the first-ranking secured creditor, was repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Tallinn · creditor name: Tallinn Capital Energy Limited Partnership · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver is proposing a final distribution to PwC as described below which will result in a shortfall of approximately $48 million against the BFI Debt. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BFI Debt · creditor name: PwC (as receiver of Bridging Finance Inc.) · interim final: final · claims qualifier: unstated · shortfall amount: 48000000; basis: estimated · quote: the distribution to BFI/PwC in partial satisfaction of the BFI Debt will be significantly less than the total remaining BFI Debt and therefore there will be no further distribution available to subordinate or unsecured creditors in these Receivership Proceedings. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: subordinate or unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-01-30 · table missing: