Ontario · CCAA

Motion Record (Motion for Stay Extension)

Application / notice of application · 15 May 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: actual · quote: After confirming that the BC Tax Claim was valid, it was paid in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: His Majesty the King in right of the Province of British Columbia (BC Tax Claim) · claims amount: 489528.95 · creditor name: His Majesty the King in right of the Province of British Columbia · interim final: unstated · claims qualifier: asserted; basis: estimated · quote: In that scenario, BBBI confirmed that equity holders would likely not receive any recovery. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: equity holders · interim final: unstated · conditional on: unless the Offering closes in accordance with its terms and BBBI does not file for bankruptcy protection · claims qualifier: unstated · table missing: