Alberta · Receivership (court-appointed)
Fifth Report of the Receiver
Court officer report · 15 January 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: | Total - General Facility Charge | 37,693,217 | 32,900,121 | 4,793,096 | · pct of: unstated · outcome: shortfall · class key: court_charges · stated by: receiver · class label: General Facility Charge · interim final: unstated · claims qualifier: unstated · shortfall amount: 4793096; basis: estimated · quote: | National Bank Charge | 26,227,046 | 14,249,879 | 11,977,168 | · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: National Bank Charge · creditor name: National Bank · interim final: unstated · claims qualifier: unstated · shortfall amount: 11977168; basis: estimated · quote: even after the proposed distribution and any residual funds there will be a shortfall on the repayment of the General Facility Charge and National Bank Charge and therefore no funds are available for any other creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-01-15 · table missing: