Ontario · Proposal
Motion Record May 23, 2024 Volume 1 of 2
Application / notice of application · 23 May 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: BMO and Macdonell to pay off their respective outstanding amount in full; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Bank of Montreal · creditor name: Bank of Montreal (BMO) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: BMO and Macdonell to pay off their respective outstanding amount in full; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Glenn Joseph MacDonell · creditor name: Glenn Joseph MacDonell (MacDonell) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: ~$98,450 (plus any remaining amounts out of the Holdbacks if not fully utilized and additional net realizations on the Remaining Asset on any Subsequent Distribution during the Proposal Proceedings) to up to the amount of Revised GrantCo Amount. · pct of: unstated · outcome: distribution · class key: secured · stated by: proposal_trustee · amount low: 98450 · amount high: 98450 · class label: GrantCo · creditor name: GrantCo · interim final: unstated · conditional on: plus any remaining amounts out of the Holdbacks if not fully utilized and additional net realizations on the Remaining Asset on any Subsequent Distribution during the Proposal Proceedings, up to the amount of Revised GrantCo Amount · claims qualifier: unstated; basis: estimated · quote: It is expected that the Companies' Secured Creditors will experience a shortfall on their security and as such it is anticipated that no funds will be available to the Companies' unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: the Companies' Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is expected that the Companies' Secured Creditors will experience a shortfall on their security and as such it is anticipated that no funds will be available to the Companies' unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: the Companies' unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-05-22 · table missing: