Alberta · Receivership (court-appointed)
Fourth Report of the Court Appointed Receiver
Court officer report · 20 June 2022
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What we verified from this filing5 verified
- process resultsbids: 1 · note: eleven parties viewed Pine Lake Property, one offer submitted
- purchaserSimeon Joannes Dewit; Ashley Young
- recovery outcomeentries: basis: estimated · quote: As at the date of this Fourth Report, the Receiver anticipates providing such notice for an interim distribution to BMO of approximately $225,000 in the near term. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 225000 · cumulative: false · amount high: 225000 · class label: BMO · creditor name: BMO · interim final: interim · related party: false · currency quote: $CAD · claims qualifier: unstated; basis: estimated · quote: The Receiver estimates that the available estate funds and any future asset realizations will be applied against future costs incurred to oversee the remaining Canadian Properties until the CMPC Sales Process concludes such that no funds will be available for distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-06-20 · table missing:
- sale advisorREMAX; Royal LePage
- sale outcometext: Recommendation to approve the APA with Simeon Joannes Dewit for the Pine Lake Property, and CMPC Sale Process ongoing for remaining Canadian Properties · scope: parcel · status: pending_approval