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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Assuming that the quantum of proven unsecured claims equals the amount disclosed by the Company in its Statement of Affairs of $1,386,018.56, the value of the proposed 30% to be paid by the Company under the terms of the Proposal will be $415,805.57. · pct of: proven_claims · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: proposal_trustee · amount low: 415805.57 · amount high: 415805.57 · class label: Unsecured Creditors · claims amount: 1386018.56 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: Based on the Company's Statement of Affairs, the Company's secured debt exceeds its assets and it would appear that there would be insufficient assets to make any distribution to unsecured creditors under a bankruptcy scenario as compared to the anticipated distribution of 30% of proven claims under the Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2017-09-21 · table missing: