Ontario · NOI
Trustee Report on Proposal
Court officer report · 30 October 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: RBC (Secured Creditor) - In full and final satisfaction of its Secured Claim, RBC would receive $80,000 (including all principal, interest and fees) which would be remitted no later than January 30, 2026; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · amount low: 80000 · amount high: 80000 · class label: RBC (Secured Creditor) · creditor name: RBC · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Based on the terms of the Proposal, Preferred Creditors would receive a gross dividend yield of 100% of Proven Employee Preferred Claims (before deductions made by the Proposal Trustee for the Levy); · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors (Employee Preferred Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors (Deemed Convenience Creditors) - Proven Unsecured Creditors with a Proven Convenience Creditor Claim in an amount equal to or lesser than $10,000 (each a ' Deemed Convenience Creditor ') would a receive gross dividend yield of 100% of their Proven Claim (excluding any deductions for the Levy); · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (Deemed Convenience Creditors) · interim final: unstated · conditional on: Proven Convenience Creditor Claim equal to or lesser than $10,000 · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors (elected Convenience Creditors) - Unsecured Creditors with Proven Claims exceeding $10,000 that have made a valid election prior to the Convenience Creditor Election Deadline to be treated as a Convenience Creditor would receive an amount equal to the lesser of $10,000 and the actual amount of their Proven Claim (excluding any deductions for the Levy); and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount high: 10000 · class label: Unsecured Creditors (elected Convenience Creditors) · interim final: unstated · conditional on: lesser of $10,000 and the actual amount of their Proven Claim · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors (excluding Convenience Creditors) - Unsecured Creditors will receive a 20% distribution on their Proven Unsecured Claim (excluding any deductions for the Levy) no later than three (3) months after the Effective Date. · pct of: proven_claims · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (excluding Convenience Creditors) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Proposal Trustee has performed an analysis of the creditors included in the Company's Statement of Affairs, and estimates that, should each eligible creditor elect to be treated as a Convenience Creditor, the Proposal would result in an estimated gross dividend yield of 35% to the Unsecured Creditors (including the Convenience Creditors). · pct of: unstated · outcome: distribution · pct low: 35 · pct high: 35 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (including the Convenience Creditors) · interim final: unstated · conditional on: should each eligible creditor elect to be treated as a Convenience Creditor · claims qualifier: unstated; basis: estimated · quote: Including the Preferred Claims listed on the Statement of Affairs, for which Preferred Creditors will receive full payment, the Unsecured Voting Class is estimated to receive a gross dividend yield of 42% in aggregate. · pct of: unstated · outcome: distribution · pct low: 42 · pct high: 42 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Voting Class · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: It is anticipated that, in a bankruptcy, the secured creditors will suffer a shortfall on their claims and no funds will be available for distribution to any unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: It is anticipated that, in a bankruptcy, the secured creditors will suffer a shortfall on their claims and no funds will be available for distribution to any unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: | Estimated Funds Available for Distribution to Unsecured | Creditors | $Nil | $Nil | | · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Estimated Funds Available for Distribution to Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-10-24 · table missing: