Manitoba · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 8 January 2020
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: actual · quote: On January 5, 2021, a distribution of $9,150,000 to CIBC was completed in accordance with the Interim Distribution Order (the ' First Interim Distribution ') . · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 9150000 · cumulative: false · amount high: 9150000 · class label: CIBC (interim distribution) · creditor name: CIBC · interim final: interim · claims qualifier: unstated; basis: unstated · quote: 8.64.1 $750,000 to BDC in respect of its first charge on the Wellons Kiln; and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 750000 · cumulative: false · amount high: 750000 · class label: BDC (proposed Wellons allocation distribution) · creditor name: BDC · interim final: interim · conditional on: subject to Court approval of the Proposed Wellons Allocation and Proposed Second Interim Distribution · claims qualifier: unstated; basis: unstated · quote: 8.64.2 $1,000,000 to CIBC in respect of its first charge on the remaining Ontario and Manitoba property. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1000000 · cumulative: false · amount high: 1000000 · class label: CIBC (proposed second interim distribution) · creditor name: CIBC · interim final: interim · conditional on: subject to Court approval of the Proposed Wellons Allocation and Proposed Second Interim Distribution · claims qualifier: unstated · stated on: 2021-01-08 · table missing: