Nova Scotia · Receivership (court-appointed)
Second Update Report of the Proposal Trustee
Court officer report · 18 February 2025
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Proven Claims over $1,000.00 will receive $250.00 and up to 25 cents on the dollar of the value of the Excess Proven Claim (the ' Pro Rata Share '), subject to the Proposal Fund Maximum. · pct of: proven_claims · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (Proven Claims, Pro Rata Share on Excess Proven Claims) · interim final: unstated · cents on dollar: 25 · claims qualifier: unstated; basis: estimated · quote: The Proposal Trustee estimates that, all else being equal, the Pro Rata Share would be reduced from 25 cents to 13.3 cents on the dollar if the Amended CRA Proof of Claim were admitted in full. · pct of: proven_claims · outcome: distribution · pct low: 13.3 · pct high: 13.3 · class key: deemed_trust · stated by: proposal_trustee · class label: Unsecured Creditors (Pro Rata Share, if Amended CRA Proof of Claim admitted in full) · interim final: unstated · conditional on: if the Amended CRA Proof of Claim were admitted in full · cents on dollar: 13.3 · claims qualifier: unstated; basis: unstated · quote: The Bank of Nova Scotia also filed an unsecured claim after the Proposal Date, but agreed to receive no distribution in respect of its claim. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Bank of Nova Scotia (unsecured claim filed after Proposal Date) · creditor name: Bank of Nova Scotia · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Proposal will lead to a distribution to Unsecured Creditors, in comparison to receiving no distribution in the alternative; and · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (in the alternative to the Proposal) · interim final: unstated · claims qualifier: unstated · stated on: 2025-02-18 · table missing: