Ontario · Proposal
Mailing to Creditors dated February 6, 2007
Notice to creditors · 6 February 2007
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: plan · quote: The Proposal, if accepted and approved, in simple terms would provide the Creditors with a fund in full satisfaction of all claims against the Company, and an approximate expected recovery of $o.42 on the dollar for known Affected Claims (as defined in the Proposal) based on the Company's records. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · class label: Affected Creditors (Affected Claims) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: In such a case, the estimated projected distribution to unsecured creditors would be approximately $o.23 per dollar of Affected Claims as compared to the estimated projected distribution of approximately $o.42 contemplated under the Company's Proposal as described above. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2007-02-05 · table missing: