Ontario · CCAA
Report to Court re Reappointment of Trustee dated July 25, 2024
Court officer report · 25 July 2024
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: actual · quote: In light of the fact that the Unsecured Creditors of the Company received only approximately 18.6% of their proven claims, and that there continues to be approximately $40 million in unpaid Unsecured Creditor claims, KSV believes that it is appropriate to pursue the recovery of the Surplus, or as much of it as possible, and to then make a further distribution to the Unsecured Creditors (net of the costs incurred to do so). · pct of: proven_claims · outcome: distribution · pct low: 18.6 · pct high: 18.6 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-07-25 · table missing: