Ontario · NOI
Report of the Proposal Trustee on the Financial situation of the Debtor and Proposal – dated January 18, 2021
Court officer report · 18 January 2021
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 filing2 verified
- financial positionnote: Total assets are book value ($21,708K); estimated realizable value per SOA is $9,283K. Total liabilities are the SOA's estimated claims: secured $30,200K, preferred nil, unsecured $13,118K, contingent nil. Figures in CAD$000's. · as at: 2021-01-08 · basis: Unaudited Company Statement of Affairs; assets at book value; relied on without audit or verification by the Proposal Trustee · scope: Geox Canada Inc. (single entity) · currency: CAD · total assets: 21708000 · total liabilities: 43318000
- recovery outcomeentries: basis: plan · quote: | Convenience Creditor Claims | 43 | 100.0% | 43 | · pct of: unstated · outcome: distribution · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: proposal_trustee · amount low: 43000 · amount high: 43000 · class label: Convenience Creditor Claims · claims amount: 43000 · interim final: unstated · currency quote: in Canadian dollars · claims qualifier: estimated; basis: plan · quote: | Estimated Convenience Creditor Election Claims | 325 | 22.2% | 72 | · pct of: unstated · outcome: distribution · pct low: 22.2 · currency: CAD · pct high: 22.2 · class key: unsecured · stated by: proposal_trustee · amount low: 72000 · amount high: 72000 · class label: Estimated Convenience Creditor Election Claims · claims amount: 325000 · interim final: unstated · currency quote: in Canadian dollars · claims qualifier: estimated; basis: plan · quote: | Remaining Unsecured Claims | 6,723 | 5.4% | 360 | · pct of: unstated · outcome: distribution · pct low: 5.4 · currency: CAD · pct high: 5.4 · class key: unsecured · stated by: proposal_trustee · amount low: 360000 · amount high: 360000 · class label: Remaining Unsecured Claims · claims amount: 6723000 · interim final: unstated · currency quote: in Canadian dollars · claims qualifier: estimated; basis: plan · quote: | Sponsor Claims (unsecured) | 6,027 | 0.0% | - | · pct of: unstated · outcome: nil · currency: CAD · class key: unsecured · stated by: proposal_trustee · class label: Sponsor Claims (unsecured) · claims amount: 6027000 · creditor name: Sponsor · interim final: unstated · currency quote: in Canadian dollars · claims qualifier: estimated; basis: liquidation_alternative · quote: As set out above, it is anticipated that there would be no funds available to Unsecured Creditors in a bankruptcy scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · table missing: