Quebec · Proposal
Report of Trustee on Proposal – dated March 31, 2016
Court officer report · 31 March 2016
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What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: Unsecured Creditors 722,191 125,000 17.3% $ 125,000 · pct of: unstated · outcome: distribution · pct low: 17.3 · pct high: 17.3 · class key: unsecured · stated by: trustee · amount low: 125000 · amount high: 125000 · class label: Unsecured Creditors · claims amount: 722191 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: Therefore, there would be no distribution to the unsecured creditors in a Bankruptcy scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is estimated that the Proposal will provide recovery to the Unsecured Creditors of approximately 17%. · pct of: unstated · outcome: distribution · pct low: 17 · pct high: 17 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2016-03-04 · table missing: Based on the Claims reflected in the Debtor's and Serico's Statements of Affairs, the amount of the Proposal ($125,000) would be distributed as follows:; In a bankruptcy scenario, it has been estimated that the net realization value of the assets would be $136,665. Therefore, the estimated net proceeds would be distributed as follows: