Ontario · Receivership (court-appointed)
Fifth Report of the Receiver (with appendices)
Court officer report · 26 November 2019
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What we verified from this filing3 verified
- recovery outcomeentries: basis: estimated · quote: The Receiver believes that a distribution to CIBC in the amount of $2,000,000.00 (the ' Interim Distribution '), which payment will be applied to the amounts owing under the Receiver's Borrowings Charge, is appropriate at this stage. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 2000000 · cumulative: false · amount high: 2000000 · class label: CIBC · creditor name: CIBC · interim final: interim · claims qualifier: unstated · stated on: 2019-11-26 · table missing:
- sale advisorBDO Canada Limited
- sale outcometext: The Receiver proposes a sale process for the Gas Stations and related assets, with bids due January 24, 2020, prior to selection of a Successful Bidder and Court approval. · scope: whole_business · status: process_approved