Ontario · NOI
Sixth Report of Proposal Trustee dated February 18, 2011
Court officer report · 18 February 2011
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: the Proposal Trustee is advised by the Company that all amounts owing to Secured Creditors have been paid in full · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: provides that Crown Claims, Employee Preferred Creditors and Preferred Creditors shall be paid in full and in priority to Unsecured Creditors in accordance with the BIA · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Crown Claims, Employee Preferred Creditors and Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: it seems likely that creditors (other than Landlords and Undisclaimed Landlords who are subject to the aforesaid cap) with proven claims will receive a full recovery (net of Superintendent's Levy) under either the Proposal or Bankruptcy scenarios with any surplus being retained by the Company. · pct of: proven_claims · outcome: paid_in_full · class key: landlord · stated by: proposal_trustee · class label: creditors (other than Landlords and Undisclaimed Landlords) with proven claims · interim final: unstated · claims qualifier: proven; basis: plan · quote: provides for the payment to Landlords and Undisclaimed Landlords of their preferred claims to the extent they qualify to receive such amounts under s.136(1)(f) · pct of: unstated · outcome: distribution · class key: landlord · stated by: proposal_trustee · class label: Landlords and Undisclaimed Landlords · interim final: unstated · conditional on: capped at the greater of their preferred claim amount and four months' rent · claims qualifier: unstated; basis: plan · quote: provides that Unsecured Creditors will have the option of accepting either: · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 400 · amount high: 400 · class label: Unsecured Creditors · interim final: unstated · conditional on: the lesser of their Claim and $400 (Small Claims), or their pro rata share of the balance of the Proposal Funds after deduction of the amount owing on account of the Small Claims · claims qualifier: unstated · stated on: 2011-02-18 · table missing: