Quebec · NOI
Report of the proposed Receiver submitted in conjuction with motion to obtain authorization to sell movable assets dated April 2, 2013
Application / notice of application · 2 April 2013
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Unfortunately, the CiBC will suffer a shortfall on its advances and Rona Inc.'s recovery will be limited to realization from the sale of Rona shares subject to its security. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: CIBC (the Bank) · creditor name: Canadian Imperial Bank of Commerce · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Unfortunately, the CiBC will suffer a shortfall on its advances and Rona Inc.'s recovery will be limited to realization from the sale of Rona shares subject to its security. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Rona Inc. · creditor name: Rona Inc. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Notwithstanding that the Proposed Transaction would not result in any recovery to the Company's unsecured creditors, the Bankruptcy Trustee (also Richter) is of the view that it is the best possible altty t rst e ns e ts e et s tcy comprising three individuals who are employees of CIBC, similarly support the Trustee's recommendation. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: the Company's unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2013-04-02 · table missing: