Alberta · Receivership (court-appointed)
Fourth Report of the Receiver (dated January 22, 2018)
Court officer report · 22 January 2018
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: The Receiver, on April 24, 2017 in reliance on the First Distribution Order, distributed $37,500,000 to BNS in respect of VHO funds and $1,000,000 to ATB in respect of Dolomite funds and held back approximately $3,600,000 to satisfy future administration costs and any potential priority claims against the VHO and Dolomite estates. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 37500000 · cumulative: false · amount high: 37500000 · class label: BNS · creditor name: The Bank of Nova Scotia · interim final: interim · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: The Receiver, on April 24, 2017 in reliance on the First Distribution Order, distributed $37,500,000 to BNS in respect of VHO funds and $1,000,000 to ATB in respect of Dolomite funds and held back approximately $3,600,000 to satisfy future administration costs and any potential priority claims against the VHO and Dolomite estates. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 1000000 · cumulative: false · amount high: 1000000 · class label: ATB · creditor name: Alberta Treasury Branches · interim final: interim · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: On July 14, 2017, in reliance on the Second Distribution Order and prior to any appeal of the Second Distribution Order, the Receiver distributed a further $2,000,000 to BNS and continued to hold back funds to cover Receiver's professional fees and other costs and any priority costs. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 2000000 · cumulative: false · amount high: 2000000 · class label: BNS · creditor name: The Bank of Nova Scotia · interim final: interim · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: | Interim distribution to Secured Creditors | | 40,500 | 40,500 | · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 40500 · amount high: 40500 · class label: Secured Creditors · interim final: interim · currency quote: CAD$, unaudited ($000's) · claims qualifier: unstated · stated on: 2018-01-22 · table missing: