Alberta · Receivership (court-appointed)
2022-06-15 - Westridge Cabinets (1993) Ltd. Unfiled Application by Receiver for Discharge
Application / notice of application · 15 June 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: BMO is the fulcrum creditor of Westridge and 213 and will suffer a shortfall on its indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Bank of Montreal (Westridge Receivership) · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: In particular, the Receiver seeks this Court's authorization to make a distribution to BMO in the Westridge Receivership of approximately $2.2 million, and a distribution to BMO in the 213 Receivership of approximately $100,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 2200000 · amount high: 2200000 · class label: Bank of Montreal (Westridge Receivership) · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: In particular, the Receiver seeks this Court's authorization to make a distribution to BMO in the Westridge Receivership of approximately $2.2 million, and a distribution to BMO in the 213 Receivership of approximately $100,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 100000 · amount high: 100000 · class label: Bank of Montreal (213 Receivership) · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Receiver is authorized and directed to make final distributions to (i) the Bank of Montreal in the approximate amount of $2,200,000, and (ii) Canadian Western Bank Equipment Financing in the approximate amount of $108,800. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 2200000 · amount high: 2200000 · class label: Bank of Montreal · creditor name: Bank of Montreal · interim final: final · claims qualifier: unstated; basis: actual · quote: The Receiver is authorized and directed to make final distributions to (i) the Bank of Montreal in the approximate amount of $2,200,000, and (ii) Canadian Western Bank Equipment Financing in the approximate amount of $108,800. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 108800 · amount high: 108800 · class label: Canadian Western Bank Equipment Financing · creditor name: Canadian Western Bank Equipment Financing · interim final: final · claims qualifier: unstated; basis: actual · quote: The Receiver is authorized and directed to make a final distribution, in the approximate amount of $100,000, to the Bank of Montreal. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 100000 · amount high: 100000 · class label: Bank of Montreal (213) · creditor name: Bank of Montreal · interim final: final · claims qualifier: unstated · table missing: