British Columbia · CCAA
Notice of Application dated April 19, 2024
Application / notice of application · 19 April 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: the Senior Secured Lenders, the parties with the sole economic interest left in the Vendors, who are likely to suffer a material shortfall on their secured claims, are supportive of the Transaction. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Senior Secured Lenders · creditor name: Senior Secured Lenders · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Monitor requests Court approval to make an interim distribution from the Proceeds to the Senior Secured Lenders in the amount of $3,000,000, which is to be distributed to the Senior Secured Lenders in partial satisfaction of the indebtedness owing to them by the Petitioners. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: monitor · amount low: 3000000 · cumulative: false · amount high: 3000000 · class label: Senior Secured Lenders · creditor name: Senior Secured Lenders · interim final: interim · currency quote: All references to monetary amounts in this application are in Canadian dollars unless otherwise stated. · claims qualifier: unstated · table missing: