Alberta · NOI
4. Fourth Trustee's Report to Creditors
Court officer report · 13 November 2009
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Proven Claims of Preferred Creditors as of the Filing Dates shall be paid in full, net of the Superintendent's levy, on the Distribution Date, without interest, in priority to claims of Unsecured Creditors. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Mr. Torode estimates that were Carevest to realize on its security over the West arriVa LP 600 block today, Carevest would incur a shortfall of approximately $2,000,000 (the 'Carevest Deficiency') and under a bankruptcy scenario would be entitled to realize on the GSA · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: Carevest Capital Corp. · creditor name: Carevest Capital Corp. · interim final: unstated · claims qualifier: unstated · shortfall amount: 2000000; basis: estimated · quote: If the Proposal is rejected and a bankruptcy ensues, the Trustee has estimated, the Unsecured Creditors of Mr. Torode would receive a return of only approximately 1% · pct of: unstated · outcome: distribution · pct low: 1 · pct high: 1 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors of Mr. Torode · creditor name: John Torode · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: and the Unsecured Creditors of TRL would receive a return of only approximately 50% · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors of TRL · creditor name: TRL Capital Inc. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: however under the Proposals, the Trustee has estimated, the Unsecured Creditors of Mr. Torode would receive a return of 8% · pct of: unstated · outcome: distribution · pct low: 8 · pct high: 8 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors of Mr. Torode · creditor name: John Torode · interim final: unstated · claims qualifier: unstated; basis: plan · quote: and the Unsecured Creditors of TRL would receive a return of approximately 78% · pct of: unstated · outcome: distribution · pct low: 78 · pct high: 78 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors of TRL · creditor name: TRL Capital Inc. · interim final: unstated · claims qualifier: unstated · stated on: 2009-11-12 · table missing: